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An Electricity Market Simulator Using MATLAB

Widjaja, Moeljono and Morrison, R.E. and Sugianto, L.F. (2003) An Electricity Market Simulator Using MATLAB. Journal of Electrical & Electronics Engineering.

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Official URL: https://search.informit.org/doi/abs/10.3316/INFORM...

Abstract

In deregulated electricity industries, an electricity market simulator is one of the tools, which can be used by market participants and administrators to analyse market behaviours, to formulate optimum bids, and to investigate different market structures. This paper presents the development of an electricity market simulator that is designed to imitate the Australian National Electricity Market. The simulator is developed in MATLAB and is composed of four main components: generators, loads, pricing engines, and database interfaces. The simulator generates regional spot prices, individual dispatching of generators and transmission flows/losses, all of which are automatically saved in a database at each dispatch interval. Access to historical market data through the database interface is crucial in the formulation of bidding strategies. Some interesting results of the simulation that show the effects of transmission losses and congestion, and different market behaviours are also presented.

Item Type: Article
Subjects: 000 Computer Science, Information and General Works > 000 Computer Science, Knowledge and Systems > 005 Computer Programming
000 Computer Science, Information and General Works > 000 Computer Science, Knowledge and Systems > 006 Special Computer Methods (3D Graphics, Digital Video, Data Mining, Augmented Reality)
500 Science and Mathematic > 530 Physics > 537 Electricity and Electronics
Divisions: Fakultas Teknik Informatika > Program Studi Informatika
Depositing User: mr admin umn
Date Deposited: 15 Oct 2021 09:04
Last Modified: 15 Oct 2021 09:04
URI: http://kc.umn.ac.id/id/eprint/18824

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