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.
By:
Anke Weidlich Imprint: Physica-Verlag GmbH & Co Country of Publication: Germany Edition: 2008 ed. Dimensions:
Height: 235mm,
Width: 155mm,
Spine: 12mm
Weight: 471g ISBN:9783790820676 ISBN 10: 3790820679 Series:Contributions to Management Science Pages: 174 Publication Date:02 October 2008 Audience:
Professional and scholarly
,
College/higher education
,
Undergraduate
,
Further / Higher Education
Format:Hardback Publisher's Status: Active