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Evaluation of costs for procuring reserve capacity in a deregulated power system using multi‐agent model
Author(s) -
Suzuki Satoshi,
Kita Hiroyuki,
Tanaka Eiichi,
Hasegawa Jun
Publication year - 2009
Publication title -
electrical engineering in japan
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.136
H-Index - 28
eISSN - 1520-6416
pISSN - 0424-7760
DOI - 10.1002/eej.20705
Subject(s) - bidding , procurement , reserve requirement , power market , electric power system , power system simulation , unit (ring theory) , business , computer science , microeconomics , power (physics) , economics , marketing , central bank , mathematics , monetary policy , physics , mathematics education , quantum mechanics , monetary economics
In this paper, we assume 2 models for securing reserve capacity. One is “Commitment‐based Security Model” and the other is “Reserve Market‐based Security Model.” In Commitment‐based security model, ISO commits procurement of reserve energy to a particular generation company. Meanwhile, in Reserve market‐based security model, ISO procures reserve energy through reserve market. The main object of this research is to investigate which model will be preferable for the viewpoint of consumer's cost. To compare these models, two things are considered in this paper. One is bidding behavior of agents which bids to energy market and reserve market. To consider this, Q‐Learning of multi‐agent model is used. Also, the Unit Commitment (UC) is considered to calculate generation cost. This is to calculate the cost for securing reserve power more precisely. © 2009 Wiley Periodicals, Inc. Electr Eng Jpn, 167(1): 18– 25, 2009; Published online in Wiley InterScience ( www.interscience.wiley.com ). DOI 10.1002/eej.20705