We apologize for a recent technical issue with our email system, which temporarily affected account activations. Accounts have now been activated. Authors may proceed with paper submissions. PhDFocusTM
CFP last date
20 December 2024
Call for Paper
January Edition
IJCA solicits high quality original research papers for the upcoming January edition of the journal. The last date of research paper submission is 20 December 2024

Submit your paper
Know more
The week's pick
Responsive image
Improved Shuffled Frog Leaping Algorithm with Self-Adaptive Shuffling for Fuzzy Logic PD+G Controller Optimization in Robotic Manipulators

Duc Hoang Nguyen
Random Articles
Reseach Article

JAVA based Power Trading Simulator in Electricity Market

by Sumit Saroha, Amit Rathee, Rohit Verma
journal cover thumbnail

International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 44 - Number 5
Year of Publication: 2012
Authors: Sumit Saroha, Amit Rathee, Rohit Verma
10.5120/6257-8403

Sumit Saroha, Amit Rathee, Rohit Verma . JAVA based Power Trading Simulator in Electricity Market. International Journal of Computer Applications. 44, 5 ( April 2012), 8-13. DOI=10.5120/6257-8403

@article{ 10.5120/6257-8403,
author = { Sumit Saroha, Amit Rathee, Rohit Verma },
title = { JAVA based Power Trading Simulator in Electricity Market },
journal = { International Journal of Computer Applications },
issue_date = { April 2012 },
volume = { 44 },
number = { 5 },
month = { April },
year = { 2012 },
issn = { 0975-8887 },
pages = { 8-13 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume44/number5/6257-8403/ },
doi = { 10.5120/6257-8403 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T20:34:44.743041+05:30
%A Sumit Saroha
%A Amit Rathee
%A Rohit Verma
%T JAVA based Power Trading Simulator in Electricity Market
%J International Journal of Computer Applications
%@ 0975-8887
%V 44
%N 5
%P 8-13
%D 2012
%I Foundation of Computer Science (FCS), NY, USA
Abstract

The electricity market has been restructuring throughout the world for maximum utilisation of resources and the system is expended to maximise social welfare. Economic gains based on regional cooperation in the energy sector have become a firmly established practice across the world. In this paper we have proposed a JAVA based power trading simulator that will estimate market clearing price. A careful study of the existing models is to be carried out to evolve a model in JAVA, which is easy to adopt, sustain and to take care of existing participants. The demand is fixed and supply side bidding scenarios with case studies are presented in the paper. This simulator having 5 generators will bid for 24 hrs in single sided auction market.

References
  1. Zuyi Li, Hossein Daneshi, "Some Observations on Market Clearing Priceand Locational Marginal Price" IEEE 2005.
  2. S. N. Singh and I. Erlich, "Strategies for Wind Power Trading in Competitive Electricity Markets" IEEE Transactions on Energy Conversion, Vol. 23, No. 1, pp. 249-256, March 2008.
  3. Hui Zhou, Xinhua Wu, Wei Wang, Liping Chen, "Forecast of Next Day Clearing Price in Deregulated Electricity Market", Proceedings of the 2009 IEEE International Conference on Systems, Man, and Cybernetics San Antonio, TX, USA - October 2009.
  4. J. Contreras, A. J. Conejo, S. de la Torre, and M. G. Muñoz, "Power Engineering Lab: Electricity Market Simulator", IEEE Transactions on Power Systems, Vol. 17, No. 2, May 2002.
  5. Pathom Attaviriyanupap, Hiroyuki Kita, Eiichi Tanaka, Jun Hasegawa, "New bidding strategy formulation for day-ahead energy and reserve markets based on evolutionary programming", International Journal of Electrical Power and Energy Systems Vol. 27 pp. 157–167, 2005.
  6. D. Moitre, F. Magnago, J. Martinez, M. Galetto, "Application of an experimental design methodology for economic parameter analysis in an open market environment", International Journal of Electric Power Systems Research Vol. 73 pp. 61–66, 2005.
  7. J. Contreras, Member, A. J. Conejo, S. de la Torre, and M. G. Muñoz, "Power Engineering Lab: Electricity Market Simulator", IEEE Transactions On Power Systems, Vol. 17, NO. 2,pp. 223-28 May 2002.
  8. E. Bompard, Y. C. Ma, R. Napoli, C. W. Jiang, "Assessing the market power due to the network constraints in competitive electricity markets", International Journal of Electric Power Systems Research Vol. 76 pp. 953–961, 2006.
  9. J. Contreras, A. Losi, M. Russo, "A JAVA/MATLAB Simulator for Power Exchange Markets", pp 106-111 IEEE 2001.
  10. Zhenglin Yang, and Guoqing Tang, "Application of Genetic on Analysis of Market Equilibrium Strategy with Game Theory", Nanjing China DRPT pp. 238-241 April 2008.
  11. Fushuan Wen, A. K. David, "Optimal bidding strategies for competitive generators and large consumers", International Journal of Electrical Power and Energy Systems Vol. 23 pp. 37–43, 2001.
  12. Arup Sinha, A. K. Basu, R. N. Lahiri, MIEEE, S. Chowdhury, S. P. Chowdhury, Peter A. Crossley, "Setting of Market Clearing Price (MCP) in Microgrid Power Scenario", pp. 1-8 IEEE 2008.
  13. Somgiat Dekrajangpetch, Gerald B. Sheble, "Bidding information to generate bidding strategies for LaGrangian relaxation-based auctions", International Journal of Electric Power Systems Research Vol. 52 pp. 87–96, 1999.
  14. Cristian A. Díaz, José Villar, Fco. Alberto Campos, Javier Reneses, "Electricity market equilibrium based on conjectural variations", International Journal of Electric Power Systems Research Vol. 80 pp. 1572–1579, 2010.
  15. Dong-Joo Kang, Balho H. Kim, Don Hur, "Supplier bidding strategy based on non-cooperative game theory concepts in single auction power pools", International Journal of Electric Power Systems Research Vol. 77 pp. 630–636, 2007.
  16. S. Porkar, A. Abbaspour-Tehrani-fard, P. Poure, S. Saadate, "Distribution system planning considering integration of distributed generation and load curtailment options in a competitive electricity market", Springer Electrical Engineering Vol. 93, pp. 23–32,2011.
  17. Andrija T. Saric´, Frederic H. Murphy, Allen L. Soyster, and Aleksandar M. Stankovic, "Two-Stage Stochastic Programming Model for Market Clearing With Contingencies", IEEE Transactions on Power Systems, Vol. 24, No. 3, pp. 1266-1278, August 2009.
Index Terms

Computer Science
Information Sciences

Keywords

Single Side Bidding Electricity Market Market Clearing Price

Powered by PhDFocusTM