A Stand-Alone Simulation Game for the Participation of Wind Producers in Day-Ahead Electricity Markets

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

Abstract

This paper presents an instance of a web-based stand-alone simulation game aimed at teaching electricity market subjects. The main objectives of this version of the electricity markets game (EmGA) platform are to introduce players/students to the short-term electricity market structure and to highlight the importance of forecasting tools in decision-making. A hypothetical situation has been carefully designed using historical data, where each player takes the role of a wind farm owner willing to participate in the day-ahead electricity market to maximize its economic profit. Players are asked to submit hourly energy bids which are then compared to the wind farm's actual energy production and mapped to revenue by basic market rules for price-taker participants. Preliminary student feedback reinforces the potential of the EmGA platform for improving the teaching of electricity market subjects, showing a general acceptance and a perception of improved knowledge reception of more than 77%.
Original languageEnglish
Title of host publicationEDUCON2021 – IEEE Global Engineering Education Conference
Publication statusAccepted/In press - 2021
EventEDUCON2021 – IEEE Global Engineering Education Conference: "Women in Engineering" - ONLINE, Vienna, Austria
Duration: 21 Apr 202123 Apr 2021

Conference

ConferenceEDUCON2021 – IEEE Global Engineering Education Conference
CountryAustria
CityVienna
Period21/04/2123/04/21

Keywords

  • Electricity markets
  • Simulation game
  • wind farms
  • web-based games
  • stand-alone platform

Fingerprint Dive into the research topics of 'A Stand-Alone Simulation Game for the Participation of Wind Producers in Day-Ahead Electricity Markets'. Together they form a unique fingerprint.

Cite this