Electricity Market Complex Adaptive System
EMCAS is a model developed for the simulation and analysis of electricity markets. As power markets are relatively new and still continue to evolve, there is a growing need for advanced modeling approaches that simulate the behavior of electricity markets over time and how market participants may act and react to the changing economic, financial, and regulatory environments in which they operate. A new and rather promising approach applied in the EMCAS software is to model the electricity market as a complex adaptive system using an agent-based modeling and simulation scheme. With its unique combination of various novel approaches, the Agent Based Modeling System (ABMS) provides the ability to capture and investigate the complex interactions between the physical infrastructures (generation, transmission, and distribution) and the economic behavior of market participants that are a trademark of the newly emerging markets.
- Short Name / Acronym:
- EMCAS; 001759IBMPC00
- Version:
- 00
- Programming Language(s):
- Medium: X; OS: Windows XP; Compatibility: PC
- Research Organization:
- Argonne National Laboratory (ANL), Argonne, IL (United States)
- Sponsoring Organization:
- USDOE
- Contributing Organization:
- Richard Cirillo, Guenter Conzelmann, Charles Macal, Prakash Thimmapuram
- DOE Contract Number:
- W31-109-ENG38
- OSTI ID:
- 1230751
- Country of Origin:
- United States
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