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Title: Electricity Market Games: How Agent-Based Modeling Can Help under High Penetrations of Variable Generation

Abstract

Integrating increasingly high levels of variable generation in U.S. electricity markets requires addressing not only power system and grid modeling challenges but also an understanding of how market participants react and adapt to them. Key elements of current and future wholesale power markets can be modeled using an agent-based approach, which may prove to be a useful paradigm for researchers studying and planning for power systems of the future.

Authors:
Publication Date:
Research Org.:
National Renewable Energy Laboratory (NREL), Golden, CO (United States)
Sponsoring Org.:
NREL Laboratory Directed Research and Development (LDRD); Director's Postdoctoral Fellowship
OSTI Identifier:
1247291
Report Number(s):
NREL/JA-5D00-65857
Journal ID: ISSN 1040-6190
DOE Contract Number:  
AC36-08GO28308
Resource Type:
Journal Article
Journal Name:
Electricity Journal
Additional Journal Information:
Journal Volume: 29; Journal Issue: 2; Related Information: Electricity Journal; Journal ID: ISSN 1040-6190
Publisher:
Elsevier
Country of Publication:
United States
Language:
English
Subject:
24 POWER TRANSMISSION AND DISTRIBUTION; 29 ENERGY PLANNING, POLICY, AND ECONOMY; electricity market design; agent-based modeling; variable generation; uplift payments; missing money problem; revenue sufficiency

Citation Formats

Gallo, Giulia. Electricity Market Games: How Agent-Based Modeling Can Help under High Penetrations of Variable Generation. United States: N. p., 2016. Web. doi:10.1016/j.tej.2016.02.001.
Gallo, Giulia. Electricity Market Games: How Agent-Based Modeling Can Help under High Penetrations of Variable Generation. United States. https://doi.org/10.1016/j.tej.2016.02.001
Gallo, Giulia. 2016. "Electricity Market Games: How Agent-Based Modeling Can Help under High Penetrations of Variable Generation". United States. https://doi.org/10.1016/j.tej.2016.02.001.
@article{osti_1247291,
title = {Electricity Market Games: How Agent-Based Modeling Can Help under High Penetrations of Variable Generation},
author = {Gallo, Giulia},
abstractNote = {Integrating increasingly high levels of variable generation in U.S. electricity markets requires addressing not only power system and grid modeling challenges but also an understanding of how market participants react and adapt to them. Key elements of current and future wholesale power markets can be modeled using an agent-based approach, which may prove to be a useful paradigm for researchers studying and planning for power systems of the future.},
doi = {10.1016/j.tej.2016.02.001},
url = {https://www.osti.gov/biblio/1247291}, journal = {Electricity Journal},
issn = {1040-6190},
number = 2,
volume = 29,
place = {United States},
year = {Tue Mar 01 00:00:00 EST 2016},
month = {Tue Mar 01 00:00:00 EST 2016}
}

Works referenced in this record:

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