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Title:Agent-based simulation of electricity markets: a literature review PDF Logo
Authors:Sensfuß, Frank
Ragwitz, Mario
Genoese, Massimo
Möst, Dominik
Issue Date:2007
Series/Report no.:Working paper sustainability and innovation S5/2007
Abstract:Liberalisation, climate policy and promotion of renewable energy are challenges to players of the electricity sector in many countries. Policy makers have to consider issues like market power, bounded rationality of players and the appearance of fluctuating energy sources in order to provide adequate legislation. Furthermore the interactions between markets and environmental policy instruments become an issue of increasing importance. A promising approach for the scientific analysis of these developments is the field of agent-based simulation. The goal of this article is to provide an overview of the current work applying this methodology to the analysis of electricity markets.
Persistent Identifier of the first edition:urn:nbn:de:0011-n-661574
Document Type:Working Paper
Appears in Collections:Working Papers "Sustainability and Innovation", Fraunhofer ISI

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