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

Gallo, Giulia

doi:10.1016/j.tej.2016.02.001

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

Journal Article · Tue Mar 01 00:00:00 EST 2016 · Electricity Journal

DOI:https://doi.org/10.1016/j.tej.2016.02.001· OSTI ID:1247291

Gallo, Giulia

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.

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Research Organization:: National Renewable Energy Laboratory (NREL), Golden, CO (United States)

Sponsoring Organization:: NREL Laboratory Directed Research and Development (LDRD); Director's Postdoctoral Fellowship

DOE Contract Number:: AC36-08GO28308

OSTI ID:: 1247291

Report Number(s):: NREL/JA-5D00-65857

Journal Information:: Electricity Journal, Vol. 29, Issue 2; Related Information: Electricity Journal; ISSN 1040-6190

Publisher:: Elsevier

Country of Publication:: United States

Language:: English

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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

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

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References (14)

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