1. A Stand-Alone Simulation Game for the Participation of Wind Producers in Day-Ahead Electricity Markets
- Author
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Giraldo, Juan S., Kok, Koen, Paterakis, Nikolaos G., Klinger, Thomas, Kollmitzer, Christian, Pester, Andreas, Electrical Energy Systems, Cyber-Physical Systems Center Eindhoven, EIRES System Integration, EAISI Foundational, and Intelligent Energy Systems
- Subjects
Electricity markets ,Stand-alone platform ,Wind power generation ,Wind power ,business.industry ,020209 energy ,05 social sciences ,050301 education ,02 engineering and technology ,Environmental economics ,Simulation game ,0202 electrical engineering, electronic engineering, information engineering ,Wind farms ,Electricity market ,Revenue ,Production (economics) ,Electricity ,web-based games ,business ,0503 education - Abstract
This paper presents an instance of a web-based stand-alone simulation game aimed at teaching electricity market subjects. The main objectives of this version of the electricity makets game (EmGA) platform are to introduce players/students to the short-term electricity market structure and to highlight the importance of forecasting tools in decision-making. A hypothetical situation has been carefully designed using historical data, where each player takes the role of a wind farm owner willing to participate in the day-ahead electricity market to maximize its economic profit. Players are asked to submit hourly energy bids which are then compared to the wind farm's actual energy production and mapped to revenue by basic market rules for price-taker participants. Preliminary student feedback reinforces the potential of the EmGA platform for improving the teaching of electricity market subjects, showing a general acceptance and a perception of improved knowledge reception of more than 77%.
- Published
- 2021
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