Integrated Software Platform to Teach Different Electricity Spot Market Architectures

IEEE Transactions on Power Systems

Volumn 19, Issue 1, 2004, Pages 88-95

  Madrigal, Marcelino ^a,b   Flores, Marcelo ^b  

^a Energy Regulatory Commission   (Mexico)

^b INSTITUTO TECNOLÓGICO DE MORELIA   (Mexico)

Author keywords

Electricity markets; Market behavior; Market power; Optimization models

Indexed keywords

COMPUTER SIMULATION; DATA HANDLING; ENGINEERING EDUCATION; MATHEMATICAL PROGRAMMING; OPTIMIZATION; REGULATORY COMPLIANCE; TEACHING;

MARKET BEHAVIOR; SPOT MARKETS;

COMPUTER SOFTWARE;

EID: 1442290032     PISSN: 08858950     EISSN: None     Source Type: Journal    
DOI: 10.1109/TPWRS.2003.821005     Document Type: Article

References (29)

1. OFFER, Review of Electricity Trading Arrangements: Background Paper I. Electricity Trading Arrangements in England and Wales, Tech. Rep., Feb. 1998.
2. M. Madrigal and V. H. Quintana, "Existence and determination of competitive equilibrium in unit commitment power pool auctions: price setting and scheduling alternatives," IEEE Trans. Power Syst., vol. 16, pp. 380-388, Aug. 2001.
3. OMEL, "The Energy Production Market Working Rules," (in Spanish), Tech. Rep., www.mercalectrico.omel.es, Feb. 1999.
4. M. Madrigal and V. H. Quintana, "A security constrained energy and spinning reserve markets clearing systems using and interior-point method, " IEEE Trans. Power Syst., vol. 15, pp. 1410-1416, Nov. 2000.
5. S. Stoft, Power System Economics: Designing Markets for Electricity. New York: Wiley, 2002.
6. S. Hunt, Making Competition Work in Electricity. New York: Wiley, May 2002.
7. F. Wolak, Designing a Competitive Wholesale Market That Benefits Costumers, Dept. of Economics, Stanford Univ., working paper, Stanford, CA, Oct. 2001.
8. J. Contreras, A. J. Conejo, S. de la Torre, and M. G. Munoz, "Power engineering lab: electricity market simulator," IEEE Trans. Power Syst., vol. 17, pp. 223-228, May 2002.
9. M. Dicorato, A. Minoia, R. Sbrizzai, and M. Trovato, "A simulation tool for studying the day-ahead energy market: the case of Italy," in Proc. Power Eng. Soc. Winter Meeting, 2002, vol. 1, 2002, pp. 89-94.
10. Y. C. Lam and F. F. Wu, "Simulating electricity markets with Java," in Proc. IEEE Power Eng. Soc. Winter Meeting, vol. 1, Jan. 31-Feb. 4, 1999, pp. 406-410.
11. A. Losi and M. Russo, "A simulation tool for evaluating technical and economical issues in the deregulated electric power industry," in Proc. Power Eng. Soc. Summer Meeting, vol. 4, 2000, pp. 2242-2247.
12. A. Martini, P. Pelacchi, L. Pellegrini, M. V. Cazzol, A. Garzillo, and M. Innorta, "A simulation tool for short term electricity markets," in Proc. Power Ind. Comput. Applicat., 2001.
13. I. Otero-Novas, C. Meseguer, C. Batlle, and J. J. Alba, "A simulation model for a competitive generation market," IEEE Trans. Power Syst., vol. 15, pp. 250-256, Feb. 2000.
14. D. W. Bunn and F. S. Oliveira, "Agent-based simulation-an application to the new electricity trading arrangements of England and Wales," IEEE Trans. Evol. Comput., vol. 5, pp. 493-503, Oct. 2001.
15. I. Praca, C. Ramos, and Z. A. Vale, "Competitive electricity markets: simulation to improve decision making," in Proc. IEEE Porto Power Tech Conf., Porto, Portugal, Sept. 10-13, 2001.
16. S. T. Lee, "Simulation model explores alternative wholesale power market structures," IEEE Comput. Applicat. Power, vol. 15, pp. 28-35, Apr. 2002.
17. A. Botterud, M. Korpas, K. O. Vogstad, and I. Wangensteen, "A dynamic simulation model for long-term analysis of the power market," in Proc. 14th Power Syst. Comput. Conf., Seville, Spain, June 2002.
18. D. W. Bunn and F. S. Oliveira, "Agent-based simulation - an application to the new electricity trading arrangements of England and Wales," IEEE Trans. Power Syst., vol. 5, pp. 493-503, Oct. 2001.
19. R. Fourer, D. M. Gay, and B. W. Kernighan, "AMPL" a Modeling Language for Mathematical Programming. Danvers. MA: International Thomson Publishing, The Scientific Press Series. 1993.
20. ILOG, ILOG AMPL CPLEX System: Ver 8.0 User's Guide, GAMS Development Corp., 2002.
21. B. F. Hobbs, M. H. Rothkopf, R. P. O'Neill, and H. P. Chao, The Next Generation of Electric Power Unit Commitment Models. Norwell, MA: Kluwer, March 2001, vol. 36.
22. T. Alves, D. Goodwin, X. Ma, D. Streiffert, and D. Sun, "A security-constrained bid-clearing system for the New Zealand wholesale electricity market," IEEE Trans. Power Syst., vol. 13, pp. 304-346, May 1998.
23. M. Madrigal, F. de Rosenzweig, G. Gutierrez, and J. C. Femat, "Predicting structural market power in the Mexican electricity industry: an optimization based approach," in Proc. Optimization Equilibrium Models in Energy Applicat. INFORMS Annu. Meeting, San Jose, CA, Nov. 2002.
24. G. Gutierrez, M. Madrigal, F. de Rosenzweig, and José Aguado, "The effect of bilateral contracting and demand responsiveness on market power in the Mexican electricity system," in Proc. IEEE Bologna Power Tech Conf., Bologna, Italy, June 23-26, 2003.
25. F. D. Galiana, I. Kockar, and P. C. Franco, "Combined pool/ bilateral dispatch - part I: Performance of trading strategies," IEEE Trans. Power Syst., vol. 17, pp. 92-99, Feb. 2002.
26. _, "Combined pool/bilateral dispatch - part II: curtailment of firm and nonfirm contracts," IEEE Trans. Power Syst., vol. 17, pp. 1184-1190, Nov. 2002.
27. A Catalog of Market Metrics, Energy Intermarket Surveillance Group.www.ksg.harvard.edu/hepg/Papers [Online]
28. F. Wolak, Designing Competitive Wholesale Electricity Markets for Latin American Countries. Stanford, CA: Department of Economics, Stanford Univ., Mar. 28, 2003.
29. R. D. Zimmerman, R. J. Thomas, D. Gan, and C. Murillo-Sanchez, "A web-based platform for experimental investigation of electric power auctions," Decision Support Syst., vol. 24, pp. 193-205, Jan. 1999.