{"title":"Integrating PowerWorld and MatLab for agent-based modeling and simulation of competitive electric power markets","authors":"Dong Zhang, Shuhui Li","doi":"10.1109/TDC.2014.6863507","DOIUrl":null,"url":null,"abstract":"The transition to agent-based competitive wholesale and retail markets for electric utilities around the world has been a difficult and controversial process. One of the difficulties that hindered the growth of a competitive power market is the absence of efficient computational tools to assist the design, analysis and operation of the power market. Although many commercial software packages have been developed for a broad study of an electric power system, these power system simulators are usually not designed in such a way that can be used for analysis and evaluation of an agent-based competitive power market. This paper investigates mathematical models associated with a competitive power market and how these models can be converted in such a way that makes it possible to use commercial power system software for agent-based modeling and simulation of a competitive power market. The paper also develops a mechanism to integrate PowerWorld and MatLab for combined optimal power dispatch and agent-based learning interactions. Finally, the paper demonstrates a case study for a competitive electric power system using the integrated software system.","PeriodicalId":161074,"journal":{"name":"2014 IEEE PES T&D Conference and Exposition","volume":"22 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2014-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2014 IEEE PES T&D Conference and Exposition","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/TDC.2014.6863507","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
The transition to agent-based competitive wholesale and retail markets for electric utilities around the world has been a difficult and controversial process. One of the difficulties that hindered the growth of a competitive power market is the absence of efficient computational tools to assist the design, analysis and operation of the power market. Although many commercial software packages have been developed for a broad study of an electric power system, these power system simulators are usually not designed in such a way that can be used for analysis and evaluation of an agent-based competitive power market. This paper investigates mathematical models associated with a competitive power market and how these models can be converted in such a way that makes it possible to use commercial power system software for agent-based modeling and simulation of a competitive power market. The paper also develops a mechanism to integrate PowerWorld and MatLab for combined optimal power dispatch and agent-based learning interactions. Finally, the paper demonstrates a case study for a competitive electric power system using the integrated software system.