NDLI: Design of the electricity market monitoring system

Content Provider	IEEE Xplore Digital Library
Author	Gao, C. Bompard, E. Napoli, R. Zhou, J.
Copyright Year	2008
Description	Author affiliation: Sch. of Electr. Eng., Southeast Univ., Shanghai (Gao, C.)
Abstract	Due to the extreme importance of the power system, the operation of the electricity market has drawn much concern. The introduction of the electricity market aims to improve the efficiency, but meanwhile has brought many new problems, which cannot be found in the traditional monopoly system. Especially, in the economy aspect, power system has to face market risk other than the physical security problem. To find proper measures for market realization and adjustment, the authority should examine them carefully before their implementation. An electricity market monitoring system, which on one hand provides the references for market participants making strategic decisions and on the other hand is able to evaluate the impacts of specific measures or market context variation, is presented in this paper to help the regulator make decisions on market policy and the market participants foresee the market evolution. The monitoring system consists of two units, one is the market simulator, which detailed models the interaction between the market players by game theory and multi-agent system; the other is price forecast, which interprets the market evolution by mathematical or artificial intelligence approaches to foresee the prices. The two units cooperatively build a monitoring system for predicting the future market scenarios in different respects. Results of the numerical examples applying the preliminary monitoring system are presented and illustrated.
Starting Page	99
Ending Page	106
File Size	570560
Page Count	8
File Format	PDF
ISBN	9787900714138
DOI	10.1109/DRPT.2008.4523386
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2008-04-06
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	DRPT
Subject Keyword	Electricity supply industry Monitoring Power system security Predictive models Power systems Monopoly Power system measurements Electric variables measurement Particle measurements Regulators Bidding strategy Monitoring system Market Simulator Electricity market Price Forecast
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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