Design and implementation of a decision support system for competitive electricity markets ?
In this paper we describe software which could be used as a decision support tool for decision makers in competitive electricity markets. The tool is based on the behavior of the competitors in the market, thus many different parameters around them are considered and, additionally, many different scenarios can be used. The possible results are obtained by simulation. Two modes are implemented; one to simulate the functioning of a competitive electricity market and the other, called manual, to evaluate the success of particular strategies by a user. Finally, some computational experience is reported to validate the simulation model.
competitive electricity markets simulation model spot prices