Title : ( Analysis of Energy and Reserve Markets Interaction Using a New Market Simulator )
Authors: Javid Khorasani , Habib Rajabi Mashhadi ,
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Abstract
In this paper a new market simulator is introduced in which market participants’ behavior is modeled using particle swarm optimization. Based on the presented simulator results, the interaction between energy and reserve market prices is analyzed in a sample joint energy and reserve market which is cleared simultaneously by the ISO. The statistical characteristics of energy and reserve clearing prices under different load levels are extracted. Also it is stated that the market prices of energy and reserve can be modeled using joint probability distribution functions.
Keywords
, energy and reserve interaction, market simulator, particle swarm optimization
@inproceedings{paperid:1020782,
author = {Javid Khorasani and Rajabi Mashhadi, Habib},
title = {Analysis of Energy and Reserve Markets Interaction Using a New Market Simulator},
booktitle = {بیست و پنجمین کنفرانس بین المللی برق},
year = {2010},
location = {تهران, IRAN},
keywords = {energy and reserve interaction; market simulator; particle swarm optimization},
}
%0 Conference Proceedings
%T Analysis of Energy and Reserve Markets Interaction Using a New Market Simulator
%A Javid Khorasani
%A Rajabi Mashhadi, Habib
%J بیست و پنجمین کنفرانس بین المللی برق
%D 2010
