scholarly journals An Agent-Based Two-Stage Trading Model for Direct Electricity Procurement of Large Consumers

2019 ◽  
Vol 11 (18) ◽  
pp. 5031
Author(s):  
Jian Zhang ◽  
Yanan Zheng ◽  
Mingtao Yao ◽  
Huiji Wang ◽  
Zhaoguang Hu
Keyword(s):  
Power Systems ◽  
Electricity Markets ◽  
Market Price ◽  
Electric Power Systems ◽  
Two Stage ◽  
Agent Based ◽  
Fairness And Efficiency ◽  
Trading Model ◽  
Trading Mechanism ◽  
Trading Mechanisms

Many electricity markets around the world are still at developmental and transitional stages. To complete the transition and achieve the key objectives of perfect market design, designers often choose direct electricity procurement of large consumers (LCs) as a pilot. The trading mechanism is critical because it lays the foundation for the exploration of formulating a trading model and the succeeding solution; however, the existing trading mechanisms of direct electricity procurement struggle to cope with new challenges that electric power systems are facing. This paper proposes a novel two-stage trading mechanism, considering both the fairness and efficiency of direct electricity procurement. Based on the proposed trading mechanism, an agent-based trading model with multiple participants is developed. The simulation results of the transactions between LCs and generation companies (GenCos) illustrate the feasibility and effectiveness of the proposed mechanism. With this mechanism, LCs and GenCos will have more choices in the trading process and can benefit from the reduction of the average market price. The two-stage trading model provides a new choice for market designers and participants of direct electricity procurement.

scholarly journals Generation adequacy of electric power systems in market price setting

2019 ◽  
Vol 114 ◽  
pp. 03006
Author(s):  
Natalia Aizenberg ◽  
Sergey Perzhabinsky
Keyword(s):  
Power Systems ◽  
Social Welfare ◽  
Electric Power ◽  
Transmission Lines ◽  
Electricity Market ◽  
Market Price ◽  
Consumer Surplus ◽  
Electric Power Systems ◽  
Electric Power System ◽  
Electricity Shortage

We propose the new model of generation adequacy optimization. Optimization criterion is a maximum of social welfare. Social welfare consists of profits of generating companies, consumer surplus, costs for development and servicing of electrical grids. In the article we present a review of existed methods of adequacy level management in liberalized electric power systems. Optimization of adequacy level is based on analysis of variants of development of the electric power system. For adequacy analysis of the variants of development we multiple estimate the electricity shortage in random hours of the system work. Analysis of the system work in every random hour is realized in two stages. At first we define values of equilibrium electricity demand in every system node and equilibrium price of electricity according to Cournot model. We consider only electricity market in the model. At the next stage we simulate failures of power generating equipment and transmission lines. The electricity shortage in a current hour is estimated on the second stage. After a whole cycle of analysis, we compute reliability indexes and profits of generating companies. Profits of generating companies are depended on the reliability of the electricity supply. The simulations of random values are based on Monte Carlo method.

Restructured Electric Power Systems and Electricity Markets

2010 ◽  
pp. 53-97
Author(s):  
Kwok W. Cheung ◽  
Gary W. Rosenwald ◽  
Xing Wang ◽  
David I. Sun
Keyword(s):  
Power Systems ◽  
Electric Power ◽  
Electricity Markets ◽  
Electric Power Systems

Two-Stage Optimization Combining PSO and TOPSIS for Allocation of Energy Storage in Electric Power Systems

2018 ◽  
Author(s):  
Samuel Pereria da Rocha ◽  
Rafael Bambirra Pereira ◽  
Thiago Melo Machado-Coelho ◽  
Petr Iakovlevitch Ekel ◽  
Gustavo Luis Soares
Keyword(s):  
Energy Storage ◽  
Power Systems ◽  
Electric Power ◽  
Electric Power Systems ◽  
Two Stage

A two-stage stochastic optimization planning framework to decarbonize deeply electric power systems

2019 ◽  
Vol 84 ◽  
pp. 104457 ◽  
Author(s):  
Luigi Boffino ◽  
Antonio J. Conejo ◽  
Ramteen Sioshansi ◽  
Giorgia Oggioni
Keyword(s):  
Power Systems ◽  
Stochastic Optimization ◽  
Electric Power ◽  
Electric Power Systems ◽  
Two Stage ◽  
Planning Framework

scholarly journals Trading Strategies of a Leveraged ETF in a Continuous Double Auction Market Using an Agent-Based Simulation

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-7 ◽  
Author(s):  
Isao Yagi ◽  
Shunya Maruyama ◽  
Takanobu Mizuta
Keyword(s):  
Market Price ◽  
Price Formation ◽  
Agent Based Simulation ◽  
Underlying Asset ◽  
Agent Based ◽  
Minimum Number ◽  
Trading Model ◽  
Continuous Double Auction ◽  
The Impact ◽  
Leveraged Etf

A leveraged ETF is a fund aimed at achieving a rate of return several times greater than that of the underlying asset such as Nikkei 225 futures. Recently, it has been suggested that rebalancing trades of a leveraged ETF may destabilize the financial markets. An empirical study using an agent-based simulation indicated that a rebalancing trade strategy could affect the price formation of an underlying asset market. However, no leveraged ETF trading method for suppressing the increase in volatility as much as possible has yet been proposed. In this paper, we compare different strategies of trading for a proposed trading model and report the results of our investigation regarding how best to suppress an increase in market volatility. As a result, it was found that as the minimum number of orders in a rebalancing trade increases, the impact on the market price formation decreases.

Model Path of E-Commerce Adoption in SMEs

2014 ◽  
Vol 933 ◽  
pp. 907-911
Author(s):  
Qi Zheng
Keyword(s):  
Market Price ◽  
Cost Effective ◽  
Market Information ◽  
Information Efficiency ◽  
Collaborative Commerce ◽  
Agent Based ◽  
Trading Model ◽  
Market Allocation ◽  
Multi Agent ◽  
Internet Environment

Incomplete Internet environment and business affairs of the distribution of information, we Multi-Agent-based collaborative commerce market structure, research and established a trading model and market information efficiency model, which the statute of the e-commerce market microstructure structure and operation mechanism, to avoid the risk of market information asymmetry brought the market allocation of resources to promote cost-effective, reasonable market price for the structural behavior, and optimize trading efficiency and market efficiency of the foundation.

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