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Engineering Interrelated Electricity Markets

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Due to the characteristics of electricity, power markets rank among the most complex markets operated at present. The requirement... Weiterlesen
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Beschreibung

Due to the characteristics of electricity, power markets rank among the most complex markets operated at present. The requirements of an environmentally sustainable, economically efficient, and secure energy supply have resulted in the emergence of several interrelated markets that have to be carefully engineered in order to ensure efficient market outcomes.

This book presents an agent-based simulation model that facilitates electricity market research. Simulation outcomes from this model are validated against price data from German power markets. The results significantly contribute to existing research in agent-based simulation and electricity market modeling, and provide insights into the impact of the market structure and market design on electricity prices.

The book addresses researchers, lecturers and students who are interested in applying agent-based simulation to power markets. It provides a thorough discussion of the methodology and helpful details for model implementation.



Inhalt

Motivation and Fundamentals.- Wholesale Electricity and Emissions Trading.- Agent-Based Computational Economics.- An Agent-Based Simulation Model for Interrelated Electricity Markets.- Representation of Learning and Adaptation.- The Electricity Sector Simulation Model.- Application, Evaluation and Discussion.- Simulation Scenarios and Results.- Conclusion and Outlook.

Produktinformationen

Titel: Engineering Interrelated Electricity Markets
Untertitel: An Agent-Based Computational Approach
Autor:
EAN: 9783790820683
ISBN: 978-3-7908-2068-3
Format: E-Book (pdf)
Hersteller: Physica-Verlag HD
Herausgeber: Physica-Verlag
Genre: Technik
Veröffentlichung: 08.10.2008
Digitaler Kopierschutz: Wasserzeichen
Dateigrösse: 8.04 MB
Anzahl Seiten: 174
Jahr: 2008

Weitere Bände aus der Buchreihe "Contributions to Management Science"