Isabel Praça

MASCEM: a multiagent system that simulates competitive electricity markets

Around the world, the electricity industry, which has long been dominated by vertically integrated utilities, is experiencing major changes in the structure of its markets and regulations. Owing to new regulations, its evolving into a distributed industry in which market forces drive electricitys price. The industry is becoming competitive; a market environment is replacing the traditional centralized-operation approach. This transformation is often called the deregulation of the electricity market. MASCEM, a multiagent simulator system, is a valuable framework for evaluating new rules, new behavior, and new participants in the numerous electricity markets that are moving toward liberalization and competition.

MASCEM: Electricity Markets Simulation with Strategic Agents

To study and understand this type of market, we developed the Multiagent Simulator of Competitive Electricity Markets (MASCEM) platform based on multiagent simulation. The MASCEM multiagent model includes players with strategies for bid definition, acting in forward, day-ahead, and balancing markets and considering both simple and complex bids. Our goal with MASCEM was to simulate as many market models and player types as possible. This approach makes MASCEM both a short and medium term simulation as well as a tool to support long-term decisions, such as those taken by regulators. This article proposes a new methodology integrated in MASCEM for bid definition in electricity markets. This methodology uses reinforcement learning algorithms to let players perceive changes in the environment, thus helping them react to the dynamic environment and adapt their bids accordingly.

Multilevel Negotiation in Smart Grids for VPP Management of Distributed Resources

A multilevel negotiation mechanism for operating smart grids and negotiating in electricity markets considers the advantages of virtual power player management.

Multi-agent based electricity market simulator with VPP: Conceptual and implementation issues

This paper presents a new architecture for MASCEM, a multi-agent electricity market simulator. The main focus is the MASCEM ability to provide the means to model and simulate Virtual Power Producers (VPP). VPPs are represented as a coalition of agents, with specific characteristics and goals. VPPs can reinforce the importance of distributed generation technologies, mainly based on renewable energy sources, making them valuable in electricity markets. The new features are implemented in Prolog which is integrated in the JAVA program by using the LPA Win-Prolog Intelligence Server (IS) that provides a DLL interface between Win-Prolog and other applications.

Multi-agent electricity market simulation with dynamic strategies & virtual power producers

Distributed energy resources will provide a significant amount of the electricity generation and will be a normal profitable business. In the new decentralized grid, customers will be among the many decentralized players and may even help to co-produce the required energy services such as demand-side management and load shedding. So, they will gain the opportunity to be more active market players. The aggregation of DG plants gives place to a new concept: the Virtual Power Producer (VPP). VPPs can reinforce the importance of these generation technologies making them valuable in electricity markets. In this paper we propose the improvement of MASCEM, a multi-agent simulation tool to study negotiations in electricity spot markets based on different market mechanisms and behavior strategies, in order to take account of decentralized players such as VPP.

MASCEM - An Electricity Market Simulator providing Coalition Support for Virtual Power Players

This paper presents MASCEM - a multi-agent based electricity market simulator. MASCEM uses game theory, machine learning techniques, scenario analysis and optimization techniques to model market agents and to provide them with decision-support. This paper mainly focus on the MASCEM ability to provide the means to model and simulate Virtual Power Players (VPP). VPPs are represented as a coalition of agents, with specific characteristics and goals. The paper details some of the most important aspects considered in VPP formation and in the aggregation of new producers and includes a case study based on real data.

Virtual power producers market strategies

This paper presents MASCEM - a multi-agent based electricity market simulator. MASCEM uses game theory, machine learning techniques, scenario analysis and optimisation techniques to model market agents and to provide them with decision-support.

A new agent-based framework for the simulation of electricity markets

As electric utility systems around the world continue to move towards open, competitive markets, the need for new modeling techniques will become more obvious. To study electricity markets behaviour and evolution we propose a multi-agent simulator where agents represent several entities that can be found in electricity markets, such as generators, consumers, market operators and network operators, but also entities that are emerging with the advent of liberalization, such as traders. The simulator probes the possible effects of market rules and conditions by simulating the strategic behaviour of participants. In this paper a special attention is devoted to the strategic decision processes of seller, buyer and trader agents, in order to gain advantage facing the new emerging competitive market.

Bid Definition Method for Electricity Markets Based on an Adaptive Multiagent System

Electricity markets are complex environments with very particular characteristics. MASCEM is a market simulator developed to allow deep studies of the interactions between the players that take part in the electricity market negotiations. This paper presents a new proposal for the definition of MASCEM players’ strategies to negotiate in the market. The proposed methodology is multiagent based, using reinforcement learning algorithms to provide players with the capabilities to perceive the changes in the environment, while adapting their bids formulation according to their needs, using a set of different techniques that are at their disposal. Each agent has the knowledge about a different method for defining a strategy for playing in the market, the main agent chooses the best among all those, and provides it to the market player that requests, to be used in the market.

Coalition of distributed generation units to Virtual Power Players - a game theory approach

Smart Grids (SGs) have emerged as the new paradigm for power system operation and management, being designed to include large amounts of distributed energy resources. This new paradigm requires new Energy Resource Management (ERM) methodologies considering different operation strategies and the existence of new management players such as several types of aggregators. This paper proposes a methodology to facilitate the coalition between distributed generation units originating Virtual Power Players (VPP) considering a game theory approach. The proposed approach consists in the analysis of the classifications that were attributed by each VPP to the distributed generation units, as well as in the analysis of the previous established contracts by each player. The proposed classification model is based in fourteen parameters including technical, economical and behavioural ones. Depending of the VPP strategies, size and goals, each parameter has different importance. VPP can also manage other type of energy resources, like storage units, electric vehicles, demand response programs or even parts of the MV and LV distribution network. A case study with twelve VPPs with different characteristics and one hundred and fifty real distributed generation units is included in the paper.