SciELO - Scientific Electronic Library Online

 
vol.29 issue3Analysing and comparing a PI fuzzy controller and an optimal conventional PI controller for a buck converterMultiobjective transmission expansion planning considering security and demand uncertainty author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • On index processCited by Google
  • Have no similar articlesSimilars in SciELO
  • On index processSimilars in Google

Share


Ingeniería e Investigación

Print version ISSN 0120-5609

Abstract

LONDONO HERNANDEZ, Sandra Milena  and  LOZANO MONCADA, Carlos Arturo. A review of electricity market modelling tools. Ing. Investig. [online]. 2009, vol.29, n.3, pp.67-73. ISSN 0120-5609.

Deregulating electricity markets around the world in the search for efficiency has introduced competition into the electricity marketing and generation business. Studying interactions amongst the participants has thus acquired great importance for regulators and market participants for analysing market evolution and suitably defining their bidding strategies. Different tools have thereofre been used for modelling competitive electricity markets during the last few years. This paper presents an analytical review of the bibliography found regarding this subject; it also presents the most used tools along with their advantages and disadvantages. Such analysis was done by comparing the models used, identifying the main market characteristics such as market structure, bid structure and kind of bidding. This analysis concluded that the kind of tool to be used mainly depends on a particular study’s goal and scope.

Keywords : electricity market; market modelling; deregulation.

        · abstract in Spanish     · text in Spanish     · Spanish ( pdf )

 

Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License