Multi-agent simulations of the electricity market in central Europe.
Conference
·
OSTI ID:982324
Researchers use agent-based modeling and simulation (ABMS) and applications in electricity markets in Central Europe. They look at production cost, impact of CO{sub 2} emission allowances, strategic bidding in Germany and demand response. Advantages of using ABMS for market power analysis are more realistic market behavior than equilibrium models and detailed representation of physical system and market rules. Some challenges with ABMS are complex process to analyze results which makes it often necessary to run a high number of simulations and it is difficult to draw general conclusions. The case study looked at CO{sub 2} scheme that increases price and GenCo profits and reduces CO{sub 2} emissions. Price responsive demand an important countermeasure to market power.
- Research Organization:
- Argonne National Laboratory (ANL)
- Sponsoring Organization:
- USDOE
- DOE Contract Number:
- AC02-06CH11357
- OSTI ID:
- 982324
- Report Number(s):
- ANL/DIS/CP-119046
- Country of Publication:
- United States
- Language:
- ENGLISH
Similar Records
Market power analysis in the EEX electricity market : an agent-based simulation approach.
Multi-agent simulation of generation expansion in electricity markets.
Multi-Agent simulation of generation capacity expansion decisions.
Conference
·
Mon Dec 31 23:00:00 EST 2007
·
OSTI ID:971962
Multi-agent simulation of generation expansion in electricity markets.
Conference
·
Fri Jun 01 00:00:00 EDT 2007
·
OSTI ID:971943
Multi-Agent simulation of generation capacity expansion decisions.
Conference
·
Mon Dec 31 23:00:00 EST 2007
·
OSTI ID:1015537