A Multi-agent-model Considered the Ratio of Renewable Energy and the Entry and Exit of Power Producers

JEPX Japan Wholesale Electric Power Exchange currently has a spot market (one-day market) that takes place one day before power supply and a pre-hour market (same-day market) that is subsequently adjusted. In addition, the operation of multiple markets such as the capacity market and the adjustment power market procured by local transmission and distribution companies is expanding. It is necessary to analyze market trades in order to respond to the market. To analyze the price formation process in the electricity trading market under the constraint of the future renewable energy ratio in electricity, in this paper, we will conduct an electricity trading simulation in which each bidder sets the bidding price between the two parties, the seller (power producer) and the buyer (retailer). Two markets, a one-day-ahead market and a day-ahead market, will be established, and the transaction method will be the same as that used in the actual market.