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JAVA based Power Trading Simulator in Electricity Market

by Sumit Saroha, Amit Rathee, Rohit Verma
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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.

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Index Terms

Computer Science
Information Sciences

Keywords

Single Side Bidding Electricity Market Market Clearing Price

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