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
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;
Conference_Titel :
Power Systems Conference and Exposition, 2004. IEEE PES
Print_ISBN :
0-7803-8718-X
DOI :
10.1109/PSCE.2004.1397612
