Abstract
As electricity markets evolve, there is a need for new modelling approaches that simulate how electric power markets could evolve over time and how participants in these markets may act and react to the changing economic, financial and regulatory environment in which they operate. To study electricity markets behaviour and evolution we propose a multi-agent simulator where agents represent several entities that can be found in electricity markets, such as generators, consumers, market operators and network operators, but also entities that are emerging with the advent of liberalization, such as traders. The simulator probes the possible effects of market rules and conditions by simulating the strategic behaviour of participants. In this paper a special attention is devoted to the behaviour and characteristics of Seller, Buyer and Trader agents, highlighting their strategies and decision processes in order to gain advantage facing the new emerging competitive market.
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Praça, I., Ramos, C., Vale, Z., Cordeiro, M. (2003). An Agent-Based Simulator for Electricity Markets: Seller, Buyer, and Trader Players. In: Mařík, V., McFarlane, D., Valckenaers, P. (eds) Holonic and Multi-Agent Systems for Manufacturing. HoloMAS 2003. Lecture Notes in Computer Science(), vol 2744. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-45185-3_27
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DOI: https://doi.org/10.1007/978-3-540-45185-3_27
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-40751-5
Online ISBN: 978-3-540-45185-3
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