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Integrated retail and wholesale power system operation with smart-grid functionality

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  • Aliprantis, Dionysios C.
  • Penick, Scott
  • Tesfatsion, Leigh

Abstract

Our research team is developing an agent-based test bed for the integrated study of retail and wholesale power markets operating over transmission and distribution networks with smart-grid functionality. This test bed seams together two existing test beds, the AMES Wholesale Power Market Test Bed and the GridLAB-D distribution platform. As a first step, we have designed an integrated retail/wholesale market module specifically based on the ERCOT (Texas) energy region, and we are using simplified versions of this module to study potential retail consumer response to real-time-pricing contracts supported by advanced metering. This study reports on the latter work.

Suggested Citation

  • Aliprantis, Dionysios C. & Penick, Scott & Tesfatsion, Leigh, 2010. "Integrated retail and wholesale power system operation with smart-grid functionality," ISU General Staff Papers 201001010800001030, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genstf:201001010800001030
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