A web-based platform for experimental investigation of electric power auctions

This paper describes the architecture and uses of an Internet-based software platform called PowerWeb. PowerWeb was designed and implemented as a simulation environment for evaluating various power exchange auction markets through experimental investigation. It is designed to host simulations of a c...

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Bibliographic Details
Published in:Decision Support Systems 1999, Vol.24 (3), p.193-205
Main Authors: Zimmerman, Ray D., Thomas, Robert J., Gan, Deqiang, Murillo-Sánchez, Carlos
Format: Article
Language:English
Subjects:
Competitive electricity market
Deregulation
Electric power auction
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Summary:This paper describes the architecture and uses of an Internet-based software platform called PowerWeb. PowerWeb was designed and implemented as a simulation environment for evaluating various power exchange auction markets through experimental investigation. It is designed to host simulations of a competitive `day-ahead' electric energy market in which the participants interact by submitting bids or offers into a market via a web-based user interface. The PowerWeb environment is meant to be flexible so as to allow investigation of various market mechanisms. In this paper we describe its interactive, distributed and web-based character.
ISSN:0167-9236
DOI:10.1016/S0167-9236(98)00083-9