DocumentCode
2615968
Title
PowerWeb: a tool for evaluating economic and reliability impacts of electric power market designs
Author
Zimmerman, Ray D. ; Thomas, Robert J.
Author_Institution
Dept. of Appl. Econ. & Manage., Cornell Univ., Ithaca, NY, USA
fYear
2004
fDate
10-13 Oct. 2004
Firstpage
1562
Abstract
This paper describes a Web-based electric power market simulation tool called PowerWeb. It can be used as an experimental economics research tool to evaluate the economic and reliability impacts of given market designs as well as to train and educate students, industry professionals and policy makers. It is unique in its ability to combine the human behavior characteristics of a market structure with the operational and reliability aspects of the underlying power system.
Keywords
Internet; power markets; power system economics; power system reliability; power system simulation; software tools; PowerWeb tool; electric power market; human behavior characteristic; power system economics; power system reliability; power system simulation; software tools; Electricity supply industry; Environmental economics; Humans; Power engineering and energy; Power generation economics; Power system economics; Power system modeling; Power system reliability; Power system simulation; Reliability engineering;
fLanguage
English
Publisher
ieee
Conference_Titel
Power Systems Conference and Exposition, 2004. IEEE PES
Print_ISBN
0-7803-8718-X
Type
conf
DOI
10.1109/PSCE.2004.1397612
Filename
1397612
Link To Document