Analysis and Simulation of Local Energy Markets

This paper presents a simulation model for local markets with the perspective of a licensed municipal entity describing the guidelines for agent interaction. The licensed municipal entity is a strategic agent for the operation of a local energy market along the lines of the proposed business model. MASCEM tool is the basis for the analysis. The work to improve MASCEM proposes an architecture for the study of local energy markets that face the participating agents as the cyber-physical systems beyond them, considering the need of secure interactions and trusted negotiations. Two scenarios case - study are carried out to highlight different approaches from the licensed municipal entity. The first approach describes a liberalized position of the entity so that agents in the local market can interact more objectively with the wholesale market. In the second approach, the interaction with the wholesale energy market is restricted to the licensed municipal entity.