Power system regulation planning and control with the support of an energy market simulator

Siewierski, T. and Galloway, S. and Burt, G. and McDonald, J. and Kabouris, Y. (2002) Power system regulation planning and control with the support of an energy market simulator. In: 3rd Mediterranean Conference on Power Generation, Transmission, Distribution, and Energy Conversion, 2002-11-04 - 2002-11-06.

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Abstract

Energy market simulation has a role to play in regulation, planning and control of liberalised electricity markets. The development and evolution of such markets internationally has focused the needs of different stakeholders within these markets over a variety of time scales. This paper describes the main objectives and principal assumptions for development and implementation of energy market simulators. The authors describe the background requirements and needs from the perspective of different user groups for this kind of tool. Examples of possible applications are presented for the use of a market simulator and data requirements and indications for a practical realisation of models have also been included.