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A Multi-Agent Model for Cross-Border Trading in the Continuous Intraday Electricity Market
A Multi-Agent Model for Cross-Border Trading in the Continuous Intraday Electricity Market
The increasing importance of cross-border trade has brought the topic of allocating cross-border transmission capacity under the limelight. In this paper, we focus on two different transmission capacity calculation methods, namely, Available Transfer Capacity and Flow-based Capacity allocation, in the continuous intraday electricity market. The effect of these two methods is studied on the continuous intraday electricity market through an agent-based model. The model comprises market participants, including renewable producers, consumers, storage, and thermal power producers. The market operator agent is responsible for managing the shared order book and clearing orders while the transmission system operator agent calculates and updates the cross-border transmission capacities in the continuous intraday electricity market. The price-volume decisions for the orders posted by the market participants are determined by two different strategies where one of them adapts to changing market conditions and new information while the other is naive. The model accounts for ramping constraints which enables the analysis of the trading behavior and interaction of agents across multiple delivery products simultaneously. A switch parameter is availed in the trading timeline for the thermal and storage agents to change from a less conservative approach of ignoring the ramping and charging/discharging rate constraints respectively to considering them. An interplay between different switch parameters and cross-border transmission capacity calculation methods is studied.
QC 20220830Preprint, submitted to Journal of Applied Energy
General Energy, Teknik och teknologier, Engineering and Technology, Electrical engineering. Electronics. Nuclear engineering, Continuous intraday electricity market, agent-based model, cross-border intraday trading, flow-based market coupling, TK1-9971
General Energy, Teknik och teknologier, Engineering and Technology, Electrical engineering. Electronics. Nuclear engineering, Continuous intraday electricity market, agent-based model, cross-border intraday trading, flow-based market coupling, TK1-9971
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