Reference : SiSTEM, a Model for the Simulation of Short-Term Electricity Markets
E-prints/Working papers : Already available on another site
Engineering, computing & technology : Energy
SiSTEM, a Model for the Simulation of Short-Term Electricity Markets
Mathieu, Sébastien []
Petitet, Marie []
Perrot, Marie []
Ernst, Damien mailto [Université de Liège - ULiège > Dép. d'électric., électron. et informat. (Inst.Montefiore) > Smart grids >]
Phulpin, Yannick []
Chaire European Electricity Markets, Working Paper n°30
[en] Electricity markets ; balancing markets ; simulation model ; muli-level optimization ; explicit offers building ; steady-state constraints
[en] The aim of this document is to present SiSTEM, a multi-level simulation model of European short-term electricity markets, covering day-ahead and intraday exchanges to balancing activations in real-time, and imbalance settlement. In this model, power companies interact by making offers, notifying their positions to the system operator and impacting the balance of the electric system. The system operator activates balancing energy to restore the balance of the system, using all balancing activation offers, including from balancing reserves. Imbalance settlement implies bidirectional transactions between the system operator and power companies depending on the direction of their imbalance. A simulation of the model is performed by sequentially considering each time step and simulating actors’ decisions.
The objective of this model is to understand the problems behind decisions of the actors within the short-term electrical system operation, to provide insights on how these problems can be solved through market design and to see how the decisions are linked together to shape a coherent system. This paper presents different simulation cases of an illustrative system in order to portray main features of the model in a practical and effective manner. In particular, the results show the importance of considering steady-state constraints and notice delays of generation units when looking at short-term issues. Future works could use this model to provide quantitative assessments of short-term market designs.
Researchers ; Professionals ; Students ; General public
Here is the right way to cite this paper: "Mathieu, S., Petitet, M., Perrot, M., Ernst, D., Phulpin, Y., 2017. SiSTEM, a model for the simulation of short-term electricity markets. Chaire European Electricity Markets, Working Paper n°30."

File(s) associated to this reference

Fulltext file(s):

Open access
mathieu2017sistem.pdfPublisher postprint2.1 MBView/Open

Bookmark and Share SFX Query

All documents in ORBi are protected by a user license.