Simulation of the energy efficiency auction prices in Brazil

Javier L.L. Gonzales; Rodrigo F. Calili; Reinaldo C. Souza; Felipe L. Coelho da Silva

doi:10.24084/repqj14.396

Simulation of the energy efficiency auction prices in Brazil

Javier L.L. Gonzales, Rodrigo F. Calili, Reinaldo C. Souza, Felipe L. Coelho da Silva

Grupo de Investigación Modelos matemáticos en ciencia y tecnología

Producción científica: Contribución a una revista › Artículo › revisión exhaustiva

8 Citas (Scopus)

Resumen

The electricity consumption behavior in Brazil has been extensively investigated over the years due to financial and social problems. In this context, it is important to simulate the energy prices of the energy efficiency auctions in the Brazilian regulated environment. This paper presents an approach to generate samples of auction energy prices in energy efficiency market, using Markov chain Monte Carlo method, through the Metropolis-Hastings algorithm. The obtained results show that this approach can be used to generate energy price samples.

Idioma original	Inglés
Número de artículo	396
Páginas (desde-hasta)	574-579
Número de páginas	6
Publicación	Renewable Energy and Power Quality Journal
Volumen	1
N.º	14
DOI	https://doi.org/10.24084/repqj14.396
Estado	Publicada - may. 2016

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title = "Simulation of the energy efficiency auction prices in Brazil",

abstract = "The electricity consumption behavior in Brazil has been extensively investigated over the years due to financial and social problems. In this context, it is important to simulate the energy prices of the energy efficiency auctions in the Brazilian regulated environment. This paper presents an approach to generate samples of auction energy prices in energy efficiency market, using Markov chain Monte Carlo method, through the Metropolis-Hastings algorithm. The obtained results show that this approach can be used to generate energy price samples.",

keywords = "Demand-Side Bidding, Energy, Energy Efficiency, MCMC, Monte Carlo Simulation",

author = "Gonzales, {Javier L.L.} and Calili, {Rodrigo F.} and Souza, {Reinaldo C.} and {Coelho da Silva}, {Felipe L.}",

year = "2016",

month = may,

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language = "English",

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AU - Gonzales, Javier L.L.

AU - Calili, Rodrigo F.

AU - Souza, Reinaldo C.

AU - Coelho da Silva, Felipe L.

PY - 2016/5

Y1 - 2016/5

N2 - The electricity consumption behavior in Brazil has been extensively investigated over the years due to financial and social problems. In this context, it is important to simulate the energy prices of the energy efficiency auctions in the Brazilian regulated environment. This paper presents an approach to generate samples of auction energy prices in energy efficiency market, using Markov chain Monte Carlo method, through the Metropolis-Hastings algorithm. The obtained results show that this approach can be used to generate energy price samples.

AB - The electricity consumption behavior in Brazil has been extensively investigated over the years due to financial and social problems. In this context, it is important to simulate the energy prices of the energy efficiency auctions in the Brazilian regulated environment. This paper presents an approach to generate samples of auction energy prices in energy efficiency market, using Markov chain Monte Carlo method, through the Metropolis-Hastings algorithm. The obtained results show that this approach can be used to generate energy price samples.

KW - Demand-Side Bidding

KW - Energy

KW - Energy Efficiency

KW - MCMC

KW - Monte Carlo Simulation

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Simulation of the energy efficiency auction prices in Brazil

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