2013
Authors
Pinto, T; Praca, I; Vale, Z; Morais, H; Sousa, TM;
Publication
INTEGRATED COMPUTER-AIDED ENGINEERING
Abstract
Electricity markets are complex environments, involving a large number of different entities, with specific characteristics and objectives, making their decisions and interacting in a dynamic scene. Game-theory has been widely used to support decisions in competitive environments; therefore its application in electricity markets can prove to be a high potential tool. This paper proposes a new scenario analysis algorithm, which includes the application of game-theory, to evaluate and preview different scenarios and provide players with the ability to strategically react in order to exhibit the behavior that better fits their objectives. This model includes forecasts of competitor players' actions, to build models of their behavior, in order to define the most probable expected scenarios. Once the scenarios are defined, game theory is applied to support the choice of the action to be performed. Our use of game theory is intended for supporting one specific agent and not for achieving the equilibrium in the market. MASCEM (Multi-Agent System for Competitive Electricity Markets) is a multi-agent electricity market simulator that models market players and simulates their operation in the market. The scenario analysis algorithm has been tested within MASCEM and our experimental findings with a case study based on real data from the Iberian Electricity Market are presented and discussed.
2019
Authors
Faia R.; Pinto T.; Vale Z.; Corchado J.M.;
Publication
Energy Informatics
Abstract
In many large-scale and time-consuming problems, the application of metaheuristics becomes essential, since these methods enable achieving very close solutions to the exact one in a much shorter time. In this work, we address the problem of portfolio optimization applied to electricity markets negotiation. As in a market environment, decision-making is carried out in very short times, the application of the metaheuristics is necessary. This work proposes a Hybrid model, combining a simplified exact resolution of the method, as a means to obtain the initial solution for a Particle Swarm Optimization (PSO) approach. Results show that the presented approach is able to obtain better results in the metaheuristic search process.
2018
Authors
Soares, J; Pinto, T; Lezama, F; Morais, H;
Publication
COMPLEXITY
Abstract
This survey provides a comprehensive analysis on recent research related to optimization and simulation in the new paradigm of power systems, which embraces the so-called smart grid. We start by providing an overview of the recent research related to smart grid optimization. From the variety of challenges that arise in a smart grid context, we analyze with a significance importance the energy resource management problem since it is seen as one of the most complex and challenging in recent research. The survey also provides a discussion on the application of computational intelligence, with a strong emphasis on evolutionary computation techniques, to solve complex problems where traditional approaches usually fail. The last part of this survey is devoted to research on large-scale simulation towards applications in electricity markets and smart grids. The survey concludes that the study of the integration of distributed renewable generation, demand response, electric vehicles, or even aggregators in the electricity market is still very poor. Besides, adequate models and tools to address uncertainty in energy scheduling solutions are crucial to deal with new resources such as electric vehicles or renewable generation. Computational intelligence can provide a significant advantage over traditional tools to address these complex problems. In addition, supercomputers or parallelism opens a window to refine the application of these new techniques. However, such technologies and approaches still need to mature to be the preferred choice in the power systems field. In summary, this survey provides a full perspective on the evolution and complexity of power systems as well as advanced computational tools, such as computational intelligence and simulation, while motivating new research avenues to cover gaps that need to be addressed in the coming years.
2017
Authors
Rodriguez-Fernandez, J; Pinto, T; Silva, F; Praca, I; Vale, Z; Corchado, JM;
Publication
2017 IEEE Symposium Series on Computational Intelligence (SSCI)
Abstract
2019
Authors
Pinto, A; Pinto, T; Praca, I; Vale, Z;
Publication
IEEE Power and Energy Society General Meeting
Abstract
Electricity markets are evolving into a local trading setting, which makes it for unexperienced players to achieve good agreements and obtain profits. One of the solutions to deal with this issue is to provide players with decision support solutions capable of identifying opponents' negotiation profiles, so that negotiation strategies can be adapted to those profiles in order to reach the best possible results from negotiations. This paper presents an approach that classifies opponents' proposals during a negotiation, to determine which is the typical negotiation profile in which the opponent most relates. The classification process is performed using an artificial neural network approach, and it is able to adapt at each new proposal during the negotiation process, by re-classifying the opponents' negotiation profile according to the most recent actions. In this way, effective decision support is provided to market players, enabling them to adapt the negotiation strategy throughout the negotiations. © 2019 IEEE.
2017
Authors
Santos, G; Pinto, T; Praça, I; Vale, Z;
Publication
2017 19TH INTERNATIONAL CONFERENCE ON INTELLIGENT SYSTEM APPLICATION TO POWER SYSTEMS (ISAP)
Abstract
Electricity markets worldwide are complex and dynamic environments with very particular characteristics. The markets' restructuring and evolution into regional and continental scales, along with the constant changes brought by the increasing necessity for an adequate integration of renewable energy sources are the main drivers. Multi-agent based software is particularly well fitted to analyse dynamic and adaptive systems with complex interactions among its constituents, such as electricity markets. This paper proposes the use of ontologies to enable the exchange of information and knowledge, to test different market models and to allow market players from different systems to interact in common market environments. Focusing, namely, on the EPEX electricity market.
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