Electricity Markets with Increasing Levels of Renewable Generation: Structure, Operation, Agent-based Simulation, and Emerging Designs

Part I. Electricity Markets and Autonomous Computational Agents

1. Overview of Wholesale Electricity Markets
Erik Ela, Michael Milligan, Aaron Bloom, Jaquelin Cochran, Audun Botterud, Aaron Townsend, Todd Levin

2. Electricity Markets and Intelligent Agents Part I: Market Architecture and Structure
Fernando Lopes

3. Electricity Markets and Intelligent Agents Part II: Agent Architectures and Capabilities
Fernando Lopes, Helder Coelho

Part II. Electricity Markets with Large Penetrations of Variable Generation: Current and Emerging Designs

4. Market Prices in a Power Market with More Than 50% Wind Power
Klaus Skytte, Poul Erik Grohnheit

5. Incentivizing Flexibility in System Operations
Erik Ela, Michael Milligan, Aaron Bloom, Audun Botterud, Aaron Townsend, Todd Levin

6. Long-Term Resource Adequacy, Long-Term Flexibility Requirements, and Revenue Sufficiency
Erik Ela, Michael Milligan, Aaron Bloom, Audun Botterud, Aaron Townsend, Todd Levin

7. Requirements for Strategic Reserves in a Liberalized Market with Wind Power
Lennart Söder

Part III. Agent-based Simulation of Electricity Markets with Increasing Levels of Variable Generation: Traditional and New Design Elements

8. MATREM: An Agent-Based Simulation Tool for Electricity Markets
Fernando Lopes

9. Renewable Generation, Support Policies and the Merit Order Effect: A Comprehensive Overview and the Case of Wind Power in Portugal
Fernando Lopes, João Sá, João Santana

10. Demand Response in Electricity Markets: An Overview and a Study of the Price-Effect on the Iberian Daily Market
Fernando Lopes, Hugo Algarvio

11. Multi-agent Electricity Markets and Smart Grids Simulation with Connection to Real Physical Resources
Tiago Pinto, Zita Vale, Isabel Praça, Luis Gomes, Pedro Faria

Keywords: Engineering, Energy Technology, Computational Intelligence, Energy Policy, Economics and Management