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Center for Nonlinear Studies |
In this presentation we review modeling of modern power markets, its applications, methods, software tools and challenges faced by typical users of these tools. Special emphasis is placed on the ability of modeling tools to replicate the multi-cycle decision logic underlying operations of real power markets spanning over multiple time scales ranging from minutes to days and weeks. We will review the implementation of such decision logic in the Power System Optimizer (PSO). Next, we discuss the opportunities provided by commercial cloud computing in modeling power markets and overview the architecture of pCloud, a power market simulation environment utilizing the PSO engine and implemented on the Windows Azure and Amazon commercial clouds.
Host: Misha Chertkov