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1 Anlysis on Genertor Compny Behviors in Electricity Mret using Multi-Agent Model

2 W (JEPX 2 3 JEPX JEPX

3

4

5

6 IPP : Independent Power Producer -2 IPP IPP 2

7 -3 3 IPP 3 IPP IPP IPP 3 3

8 -4 IPP IPP PPS PPS IPP V 2000W 27% 4

9 W W 63% 2 (JEPX NP : Ntionl Power, PG : Power Gen, NE : Nucler Electric NGC : Ntionl Grid Compny 2 NGC -5 NP NP PG PG NP NE NE IPP 30 NGC 2 IPP 30 5

10 0 NGC NGC SMP : System Mrnl Price NETA : New Electricity Trding Arrngements NGC NGC Nucler Electric British Energy NP NP PG PG BE BE IPP 30 NGC 2 IPP PURPA : Public Utility Regultion Policies Act 6

11 FERC : Federl Energy Regultory Commission996 4 FERC Order No.888, No PX : Power Exchnge ISO ; Independent System Opertor SC : Scheduling Coordintor PX 3 PX UDC : Utility Distribution Compny -7 3 PX PX ISO SC SC UDC UDC UDC ISO 3 PX PX 7

12 UDC UDC 8

13 5 6,7, (JEPX 9

14 9 ( 2 2-,2-2 2 n 2 n 0

15 2 n 2 n 2-2 ( 2-2-3,

16 G{A : i,,n} D{A dj : j} G{A : i,,n} C i ( 2 C i ( + b + c (2. dci ( MCi ( 2 + b d (2.2 A (2.2 0 A p ( p ( 2 + b + α 2-5 P (2.3 Bid Curve Mrnl Cost D{A dj : j } U j ( -5% d / η dp / P (2.4 2

17 /η P C (2.5 C (2.5 ( 0 P 0 (2.5 P P 0 / η 0 / η (2.6 80[ /Wh] 80 + [ /Wh] 2-6 ( 0 P 0 (00000MWh5 /Wh P ( 0, P 0 (00000 MWh, 5 /Wh 2-7 { 0 (h : h,..., 24} P 0 5 /Wh 2-7 3

18 2 2-8 t r t+ r t+2 r t+3 R t R t r γ 2 t+ + γrt γ rt Λ + T t r T (2.7 T t t+ t+ s r Pr Pr { s s', r r s,, r, s,, Λ, r, s } t+ t+ t t t t t 0, 0 (2.8 4

19 t+ t Pr Pr{ s t + s', r t + r s t, t, r t } (2.9 (2.8(2.9 (2.9 s (s, t s R t ( s, { R s s, } E E t T i 0 t i γ r t s, t+ i+ st t (2.0 s R [ R ( s, ] ( s, ( s, + + α (2. 0 / (2. + ( s, ( s, + R + ( [ R ( s, ] ( s, (2.2 R (2. 5

20 6 [ ] i i i r R R R R ( ( ( ( ( α α α α α α α α α α Μ (2.3, (, ( s s + (2.4 (2. (2.4 R s, ( (2.5 s (2. TD Temporl Difference (2. TD (2.0 (2.0 { } { } s s s r E s s r r E s s r E s s R E s t t t t t t t T i i t i t t t T i i t i t t t ,, (,,,, ( 0 γ γ γ γ (2.6 (2.6 t t+ t+ t+ (2.0 (2.6

21 TD TD t s t t r t+ [ rt + + γ mx( st, ( st, t ] ( st, t ( st, t + α + (2.7 (2.7 (2. s (s, ( s, exp T π ( s, ( s, b exp b T (2.8 T T 2-9 7

22 { l : l,..., N} ( l π ( l ( l exp T ( exp T N (2.9 (2.3 (2.6 P * * 2-0 8

23 P P * Supply Curve Demnd Curve * P * P * R R dj P U * j ( C ( dj i P * dj (2.20 R g + ( ( [ + α R ( ] l l l (

24 Supply Side Dicision-ming π ( l N ( l exp T ( exp T Bidding p ( 2 + b + l Demnd Side p d Bidding P 0 ( n 0 n Mret Mechnism + Feedbc Rewrd ( + α [ R ( ] ( l l l 20

25 LNG 5 3 8,4 3- LNG [ / Wh ] [ / W ] [ yer ] /Wh MWh 24-0,..., [ /Wh] 80 + [ /Wh] - 2

26 5 TC ( PFi Cp K i H PVi X i, i 23 t 0 t min TC /yer X i,t i t (MWh K i i g i i P Fi i ( /W H P Fi i Wh ( /Wh Cp (MW i { :,2 :,3 :,4 : LNG,5 : } (3. 5 i X i, t Lod t ( t 0,,,...,23} X K Cp ( i,2,3,4,5( t i, t i 0,,2,...23 K {0,,2,...} i K Cp Lod Lod t t MW (3.2 (3.3 (3.4 (

27 3- PX : Power exchnge 400 [MW]

28

29

30 LNG

31 ISO RT : Rel-Time energy ISO P P Demnd Curve P * PX Supply Curve P * RT Supply Curve Demnd Curve * PX * RT VOLL VOLL 5 VOLL (VOLL ISO

32 P Rel Demnd P Cp VOLL Supply Curve 0 VOLL VOLL VOLL 400 [MW] (h VOLL 85 /Wh hh24 2 m px m rt px rt R 28

33 + + ( h, m ( h, m px rt,, rt px ( h, m ( h, m rt px,, rt px + α + α [ R ( h, m, ] [ R ( h, m, ] 3-3 rt px rt px (3.6 π ( Supply Side Dicision-ming for PX px l N ( s, h, m px, l exp T ( s, h, m px, exp T Bidding for PX px p 2 + b + px ( l Demnd Side Bidding for PX P 0 p ( d n 0 n PX Mret Mechnism Awrding px Awrding px dj π ( Dicision-ming for RT rt l N ( s, h, m rt, l exp T ( s, h, m rt, exp T Bidding for RT rt rt p ( 2 + b + ( > l px Bidding for RT P 0 n p ( d n 0 px ( > dj RT Mret Mechnism Awrding rt Awrding rt dj Feedbc Rewrd 29

34

35 3-7 VOLL r cp 50 /Wh 20 /W(h r cp 50 /Wh

36 r cp 20 /Wh

37 P P Bid Curve Bid Curve Cost Mrnl Mrnl LNG Cost

38 b

39 LNG [MW] [MW]

40 P P

41 P0 /Wh P0 P0 3-3 P0 P0 LNG CO 2 LNG 37

42 JEPX 3 4.JEPX JEPX W 8 IPP 4-7 IPP IPP PPS IPP IPP JEPX 4-38

43 JEPX A B Demnd Curve P* Supply Curve 4-2 JEPX A B P* P* A B A B 4-3 JEPX 39

44 JEPX JEPX 4-4 A B 4- A B A 0000 [MW] B [ / MW ] 2 C ( + b + c : / (/2, b : 0, c : 0 : / (/0, b : 0, c : 0 2 [ /Wh] 80 [ Wh] 80 + [MWh] AB A B 40

45 4-4 A 4-5 B 4-4 A 4-5 B A 000[MW] B (-0.05, A 4-6 A A

46 p p + p A B 4- p p + p 4--0 p A B p + p A B 42

47 4- p p + p A B 4- A B

48 44 JEPX JEPX W W 4-2

49 45

50 P Bid Curve P Bid Curve Mrnl Cost Mrnl Cost [MW] [ / MW ] 0,.2, 3.8 [ /W] 2 [ /Wh] , 387, , 0.097, [ /Wh] 80 + [MWh] 24 46

51 JEPX

52 JEPX A B JEPX A 8.. JEPX JEPX JEPX 48

53 2 3 LNG JEPX JEPX 2 A B A 20 JEPX 49

54 3 2 P 0 5 /Wh W W 50

55

56 Bsic Anlysis of the Pricing Processes in Modeled Electricity Mrets with Multi-Agent Simultion IEEE, The 2nd Interntionl Conference on Electric Utility Deregultion, Restructuring nd Power Technoloes, , 2005 JEPX

57 K.BhttchryM.H.J. BollenJ.E. DlderOPERARION OF RESTRUCTURED POWER SYSTEMSKLUWER ACADEMIC PUBLISHERS Irene Otero-NovsCludi MeseguerCrlos Bttle nd Jun J. AlbA Simultion Model for Competitive Genertion Mret IEEE Trnsctions on Power SystemsVol. 5No. Februry Chrles W. RichterJr.Gerld B. ShebleGenetic Algorithm Evolution of Utility Bidding Strtees for the Competitive Mretplce IEEE Trnsctions on Power Systems Vol. 3 No. Februry Benjmin F. HobbsCrolyn B. Metzlernd Jong-Shi Png Strtec Gming Anlysis for Electric Power Systems: An MPEC ApprochIEEE Trnsctions on Power SystemsVol. 5 No. 2My 2000 Jnusz W. BileGming the Uniform-Price Spot Mret: untitive Anlysis IEEE Trnsctions on power systemsvol. 7No. 3August RPS Steven StoftPOWER SYSTEM ECONOMICS: Designing Mrets for Electricity IEEE Press WILEY-INTERSCIENCE

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(1.2) T D = 0 T = D = 30 kn 1.2 (1.4) 2F W = 0 F = W/2 = 300 kn/2 = 150 kn 1.3 (1.9) R = W 1 + W 2 = = 1100 N. (1.9) W 2 b W 1 a = 0

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