Proceedings of the Winter Simulation Conference 2014 2014
DOI: 10.1109/wsc.2014.7019909
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An agent-based simulation model for evaluating financial transmission rights in the Colombian electricity market

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Cited by 4 publications
(3 citation statements)
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“…Bidding strategy is function of water in reservoir, learning parameter of agent,decision support tool DA [24] Model the DA electricity market which emphasizes on hydropower plants same as in [13] Q-learning algorithm DA [25] Evaluate alternatives for dealing with transmission capacity in Colombian system…”
Section: Basic Principle Of Abmmentioning
confidence: 99%
See 1 more Smart Citation
“…Bidding strategy is function of water in reservoir, learning parameter of agent,decision support tool DA [24] Model the DA electricity market which emphasizes on hydropower plants same as in [13] Q-learning algorithm DA [25] Evaluate alternatives for dealing with transmission capacity in Colombian system…”
Section: Basic Principle Of Abmmentioning
confidence: 99%
“…Financial trading has been studied in [25], which investigated whether a transition from unimodal market having stamp charges to a nodal market with financial Transmission Rights (FTR) would improve the system performance. The combination of nodal market with a market for FTR was found to improve signals for investment in transmission and generation assets while reducing prices in some areas.…”
Section: A Financial Transmission Rightsmentioning
confidence: 99%
“…85, 2016, p. 165 -180 166 competitive effect in terms of lower price and less shortage, it does indicate the potential for unstable outcomes in mal-designed price caps, especially with strategic firms. Thus, although theoretical analysis of regulatory intervention has always been interesting, (e.g., [7], [8]), the work of Stoft [9] shows that electricity market design, policy making and price caps, without coordination and analysis of later consequence, can render deregulation less reliable. This initiated an active and topical stream of research.…”
Section: Introductionmentioning
confidence: 99%