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Strathprints serves world leading Open Access research by the University of Strathclyde, including research by the Strathclyde Institute of Pharmacy and Biomedical Sciences (SIPBS), where research centres such as the Industrial Biotechnology Innovation Centre (IBioIC), the Cancer Research UK Formulation Unit, SeaBioTech and the Centre for Biophotonics are based.

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Agent-based simulation of short-term energy markets for highly distributed power systems

Lincoln, R. and Galloway, S.J. and Burt, G.M. and McDonald, J.R. (2006) Agent-based simulation of short-term energy markets for highly distributed power systems. In: 41st International Universities Power Engineering Conference, 2006-09-06 - 2006-09-08.

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Abstract

In this paper the necessity for a simulation platform capable of modelling existing and novel wholesale electricity market architectures, such that their ability to accommodate significant volumes of distributed generation may be investigated, is explained. Research that has used agent-based simulation to investigate features of electricity markets in the past is reviewed and the outcomes of the work described. Extensions and additions to the capabilities of the simulators used in previous research, required for application specifically to highly distributed power systems, are identified along with the issues perceived likely to prove most challenging. Details of the unique approach being taken in the development of a simulator are given and the aims of some initial experimentation specified.