Agent-based modeling and simulation of competitive wholesale electricity markets - HAL-SHS - Sciences de l'Homme et de la Société Access content directly
Book Sections Year : 2010

Agent-based modeling and simulation of competitive wholesale electricity markets

Abstract

This paper sheds light on a promising and very active research area for electricity market modeling, that is, agent-based computational economics. The intriguing perspective of such research methodology is to succeed in tackling the complexity of the electricity market structure, thus the fast-growing literature appeared in the last decade on this field. This paper aims to present the state-of-the-art in this field by studying the evolution and by characterizing the heterogeneity of the research issues, of the modeling assumptions and of the computational techniques adopted by the several research publications reviewed.

Dates and versions

halshs-00871063 , version 1 (08-10-2013)

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Eric Guerci, Mohammad Ali Rastegar, Silvano Cincotti. Agent-based modeling and simulation of competitive wholesale electricity markets. Handbook of Power Systems II, Springer Berlin Heidelberg, pp.241-286, 2010, Energy Systems, 978-3-642-12686-4. ⟨10.1007/978-3-642-12686-4_9⟩. ⟨halshs-00871063⟩
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