Simulation of the energy efficiency auction prices in Brazil

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 approa...

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Bibliographic Details
Published inarXiv.org
Main Authors Gonzales, Javier L L, Calili, Rodrigo F, Souza, Reinaldo C, Felipe L Coelho da Silva
Format Paper
LanguageEnglish
Published Ithaca Cornell University Library, arXiv.org 09.11.2018
Subjects
Algorithms
Computer simulation
Electricity consumption
Electricity pricing
Energy efficiency
Markov analysis
Markov chains
Monte Carlo simulation
Power efficiency
Prices
Social problems
Brazil
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Summary: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.
ISSN:2331-8422