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ELECTRICITY MARKET SIMULATOR

Ning, Zihan
http://orcid.org/0000-0002-2745-5625
http://rave.ohiolink.edu/etdc/view?acc_num=case1480695981422754

Abstract Details

, Master of Sciences, Case Western Reserve University, EECS - Electrical Engineering.
Electricity market enables the purchase, sale and trading of electricity through an economic market mechanism. Most North American electricity markets adopt the standard Locational Marginal Price (LMP) design that embeds physical system operational reliability requirements in the market clearing algorithms. This thesis describes the design and implementation of an Electricity Market Simulator based on the LMP market design for supporting classroom teaching and professional research. Among the key functions, the simulator provides a web-based interactive environment for students to witness the end-to-end electricity market clearing process. The Electricity Market Simulator demonstrates both power system operation and economic market competition through intuitive graphic animation of realistic scenarios. The users will be able to conduct market scenario research experiments, either in the roles of a market participant or the Independent System Operator (ISO) who is the market administrator, and study market bidding strategies.
Mingguo Hong (Advisor)
Vira Chankong (Committee Member)
Kenneth Loparo (Committee Chair)
Evren Gurkan-Cavusoglu (Committee Member)
Vincenzo Liberatore (Committee Member)
Electrical Engineering
Electricity Market, Electricity Market Simulator

Recommended Citations

Citations

  • Ning, Z. (2016). ELECTRICITY MARKET SIMULATOR [Master's thesis, Case Western Reserve University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=case1480695981422754

    APA Style (7th edition)

  • Ning, Zihan. ELECTRICITY MARKET SIMULATOR. 2016. Case Western Reserve University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=case1480695981422754.

    MLA Style (8th edition)

  • Ning, Zihan. "ELECTRICITY MARKET SIMULATOR." Master's thesis, Case Western Reserve University, 2016. http://rave.ohiolink.edu/etdc/view?acc_num=case1480695981422754

    Chicago Manual of Style (17th edition)

case1480695981422754
2,506
© 2016, some rights reserved.Creative Commons License ELECTRICITY MARKET SIMULATOR by Zihan Ning is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Based on a work at etd.ohiolink.edu.
This open access ETD is published by Case Western Reserve University School of Graduate Studies and OhioLINK.