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Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University of Zagreb, Croatia Faculty of Electrical Engineering and Computing Department of Telecommunications ERIM Research Seminar Erasmus University Rotterdam School of Management March 12, 2012, Rotterdam, Netherlands

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Page 1: Visualizing Power TAC: how to Seize Dynamics of …...Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University

Department of Telecommunications

Visualizing Power TAC:

how to Seize Dynamics of Electric

Power Markets?

Vedran Podobnik University of Zagreb, Croatia

Faculty of Electrical Engineering and Computing Department of Telecommunications

ERIM Research Seminar

Erasmus University Rotterdam School of Management

March 12, 2012, Rotterdam, Netherlands

Page 2: Visualizing Power TAC: how to Seize Dynamics of …...Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University

Department of Telecommunications

Outline

University of Zagreb

Participation in TAC community

Power TAC

Power TAC scenario

KPIs

Power TAC broker

CrocodileAgent

Power TAC Visualizer

Live demo

March 2012 ERIM Research Seminar 2 of 32

Page 3: Visualizing Power TAC: how to Seize Dynamics of …...Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University

Department of Telecommunications

University of Zagreb (Uni Zg)

Facts about Uni Zg, Participation in TAC community

March 2012 ERIM Research Seminar 3 of 32

Page 4: Visualizing Power TAC: how to Seize Dynamics of …...Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University

Department of Telecommunications

CROATIA Osijek

Split

Dubrovnik

Zagreb

Rijeka

Zadar

Pula

University of Zagreb (1) Where is Zagreb?

March 2012 ERIM Research Seminar 4 of 32

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Department of Telecommunications

Area land: 56594 km2

Area sea: 31067 km2

Population: ~ 4.44 million

Population density: 78.5 /km2

Labor force: ~ 1.9 million

Higher education students: ~ 135000

Capital: Zagreb population: 779145 (2001)

7 Universities by size: Zagreb, Split, Rijeka, Osijek, Zadar, Dubrovnik, Pula

4 Technology centers: Zagreb, Split, Rijeka, Osijek

University of Zagreb (2) Higher education in Croatia

March 2012 ERIM Research Seminar 5 of 32

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Department of Telecommunications

University of Zagreb was officially founded in 1669

29 Faculties + 3 Art Academies

61,500 students (55% females)

46% of all students in Croatia

Teaching and administrative full time staff: about 8,000

Study programs 140 BA

170 MA

100 PhD programs

Postgraduate students: 5,500

Foreign students: about 300

http://www.unizg.hr

University of Zagreb (3) University of Zagreb in numbers

March 2012 ERIM Research Seminar 6 of 32

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Department of Telecommunications

Professors: 154

Assistants and researchers: 161

Staff: 187

12 departments Department of Telecommunications

Undergraduate students: ~ 4300

Postgraduate students: ~ 450

Freshmen each year: ~ 650

Graduating students each year: ~ 550

Graduated since 1956 (Dipl.Ing.): ~ 16000

Graduated since 1956 (M.Sc.): ~ 2100

Graduated since 1956 (Ph.D.): ~ 630

University of Zagreb (4) Faculty of Electrical Engineering and Computing in numbers

March 2012 ERIM Research Seminar 7 of 32

Page 8: Visualizing Power TAC: how to Seize Dynamics of …...Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University

Department of Telecommunications

Participation in TAC community (1) Since 2004

TAC SCM Since 2010 Game Master

Vedran Podobnik

Since 2011 Operations

TAC AA

CAT

Power TAC Competition platform development

Visualizer

Broker development

http://agents.tel.fer.hr/tac

March 2012 ERIM Research Seminar 8 of 32

Page 9: Visualizing Power TAC: how to Seize Dynamics of …...Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University

Department of Telecommunications

Participation in TAC community (2) Power TAC team 2012

Jurica Babic, MSc student

Power TAC Visualizer developer

Team 2012 leader

Sinisa Matetic, MSc student

Marin Matijas, PhD student

Marija Mijic, BSc student

http://agents.tel.fer.hr/power_tac

March 2012 ERIM Research Seminar 9 of 32

Page 10: Visualizing Power TAC: how to Seize Dynamics of …...Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University

Department of Telecommunications

Power TAC scenario

Game scenario, KPIs

March 2012 ERIM Research Seminar 10 of 32

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Department of Telecommunications

Power TAC scenario (1) Major stakeholders & activities

March 2012 ERIM Research Seminar 11 of 32

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Department of Telecommunications

Power TAC scenario (2) Portfolio management process

March 2012 ERIM Research Seminar 12 of 32

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Department of Telecommunications

Power TAC scenario (3) Key Performance Indicators (KPIs)

Power TAC

KPIs

Smart Grid

KPIs

Enable informed participation of customers

Accommodate all generation and storage options

Sell more than kWhs

Provide power quality for the 21st century

Optimize assets and operate efficiently

Operate resiently to disturbances, attacks and natural disasters

Economic KPIs for electric power markets

Numeric indicators of competition such as Herfindahl–Hirschman Index

KPIs inherent to Power TAC Agent ranking

March 2012 ERIM Research Seminar 13 of 32

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Department of Telecommunications

Power TAC scenario (4) KPIs: Enable informed participation of customers

Dupont, B., Meeus, L., Belmans, R. Measuring the “smartness” of the electricity grid. In the Proceedings of the 7th International Conference on the European Energy Market (EEM), Madrid, Spain, 2010, pp. 1-6.

United States Department of Energy. 2010 Smart Grid System Report. US, 2012.

March 2012 ERIM Research Seminar 14 of 32

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Department of Telecommunications

Power TAC scenario (5) KPIs: Accommodate all generation and storage options

Dupont, B., Meeus, L., Belmans, R. Measuring the “smartness” of the electricity grid. In the Proceedings of the 7th International Conference on the European Energy Market (EEM), Madrid, Spain, 2010, pp. 1-6.

United States Department of Energy. 2010 Smart Grid System Report. US, 2012.

March 2012 ERIM Research Seminar 15 of 32

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Department of Telecommunications

Power TAC scenario (6) KPIs: Sell more than kWhs

Dupont, B., Meeus, L., Belmans, R. Measuring the “smartness” of the electricity grid. In the Proceedings of the 7th International Conference on the European Energy Market (EEM), Madrid, Spain, 2010, pp. 1-6.

United States Department of Energy. 2010 Smart Grid System Report. US, 2012.

March 2012 ERIM Research Seminar 16 of 32

Page 17: Visualizing Power TAC: how to Seize Dynamics of …...Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University

Department of Telecommunications

Power TAC scenario (7) KPIs: Provide power quality for the 21st century

Dupont, B., Meeus, L., Belmans, R. Measuring the “smartness” of the electricity grid. In the Proceedings of the 7th International Conference on the European Energy Market (EEM), Madrid, Spain, 2010, pp. 1-6.

United States Department of Energy. 2010 Smart Grid System Report. US, 2012.

March 2012 ERIM Research Seminar 17 of 32

Page 18: Visualizing Power TAC: how to Seize Dynamics of …...Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University

Department of Telecommunications

Power TAC scenario (8) KPIs: Optimize assets and operate efficiently

Dupont, B., Meeus, L., Belmans, R. Measuring the “smartness” of the electricity grid. In the Proceedings of the 7th International Conference on the European Energy Market (EEM), Madrid, Spain, 2010, pp. 1-6.

United States Department of Energy. 2010 Smart Grid System Report. US, 2012.

March 2012 ERIM Research Seminar 18 of 32

Page 19: Visualizing Power TAC: how to Seize Dynamics of …...Department of Telecommunications Visualizing Power TAC: how to Seize Dynamics of Electric Power Markets? Vedran Podobnik University

Department of Telecommunications

Power TAC scenario (9) KPIs: Operate resiently to disturbances, attacks and natural disasters

Dupont, B., Meeus, L., Belmans, R. Measuring the “smartness” of the electricity grid. In the Proceedings of the 7th International Conference on the European Energy Market (EEM), Madrid, Spain, 2010, pp. 1-6.

United States Department of Energy. 2010 Smart Grid System Report. US, 2012.

March 2012 ERIM Research Seminar 19 of 32

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Department of Telecommunications

Power TAC broker

Broker activities, Crocodileagent

March 2012 ERIM Research Seminar 20 of 32

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Department of Telecommunications

Power TAC broker (1) Activities of a Power TAC broker during one timeslot

March 2012 ERIM Research Seminar 21 of 32

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Department of Telecommunications

Power TAC broker CrocodileAgent (1) Problem definition

Goal: max𝜋

Given a constraint 𝜋𝑖 ≥ 0, 𝐷 = 24𝐷𝑖=1

Where profit 𝜋 = 𝑅 + 𝐶 = 𝑇 + 𝐶𝑊 + 𝐶𝐵 𝑅 is revenue

𝐶 is cost

𝑇 is profit from activities

𝐶𝑊 is cost at the wholesale market

𝐶𝐵 is balancing market cost

March 2012 ERIM Research Seminar 22 of 32

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Department of Telecommunications

Power TAC broker CrocodileAgent (2) Current progress & plans for future

Current focus is on creating different tariff models to satisfy different types of customers: tariff publishing strategy

Periodic posting of new tariffs

Default margin variations

Signup payment variations

Periodic payment variations

Early withdrawal rates

Minimal tariff duration

Multiple rate tariffs

Plans for future Wholesale market bidding strategy

Effective balancing

Environment models for intelligent learning and behaviour Neural Networks, Support Vector Machines and Decision Trees

March 2012 ERIM Research Seminar 23 of 32

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Department of Telecommunications

Power TAC Visualizer

Requirements, proposed design, live demo

March 2012 ERIM Research Seminar 24 of 32

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Department of Telecommunications

Power TAC Visualizer (1) Competition systems architecture

March 2012 ERIM Research Seminar 25 of 32

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Department of Telecommunications

Power TAC Visualizer (2) Game overview window

1

2 3

4

March 2012 ERIM Research Seminar 26 of 32

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Department of Telecommunications

Power TAC Visualizer (3) Brokers window (1)

March 2012 ERIM Research Seminar 27 of 32

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Department of Telecommunications

Power TAC Visualizer (4) Brokers window (2)

March 2012 ERIM Research Seminar 28 of 32

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Department of Telecommunications

Power TAC Visualizer (5) Wholesale market window

March 2012 ERIM Research Seminar 29 of 32

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Department of Telecommunications

Power TAC Visualizer (6) Live demo

Participants

Default Broker

Markec

Dragec

Ilija

Different versions of Power TAC CrocodileAgent broker

March 2012 ERIM Research Seminar 30 of 32

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Department of Telecommunications

Instead of conclusion…

… please provide your feedback about the Power TAC Visulizer

March 2012 ERIM Research Seminar 31 of 32

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Department of Telecommunications

University of Zagreb

Faculty of Electrical Engineering and Computing Department of Telecommunications

E-mail: [email protected]

Personal homepage: http://agents.tel.fer.hr/vedran.podobnik

CrocodileAgent team homepage: http://agents.tel.fer.hr/tac

Vedran Podobnik, Ph.D. Contact info

March 2012 ERIM Research Seminar 32 of 32