Iberian electricity market ontology to enable smart grid market simulation

Several approaches have been proposed to enhance the potential of distributed generation (DG). Some of the most prominent solutions include the aggregation of DG units and other players, culminating in the concept of and Smart Grid (SG). In this context, several simulation tools arose to study and test the new market mechanisms. However, all of these simulators are closed and centred in their object of study, neglecting the potential advantages of interoperating with other systems from the same domain. This work proposes the use of ontologies for systems interoperability in the power and energy systems domain. The ontologies have been developed and implemented in MASCEM and MASGriP - multi-agent simulators of electricity markets, and SG operation and management,respectively; thus enabling joint electricity market and SG simulations.This work has received funding from the European Union’s Horizon 2020 research and innovation programme under theMarie Sklodowska-Curie grant agreement No 641794 (project DREAM-GO) and from FEDER Funds through COMPETEprogram and from National Funds through FCT under the project UID/EEA/-00760/2013. SFRH/BD/118487/2016 (GabrielSantos PhD).