Agent-Based Simulation Of Electricity Markets: A Survey Of Tools

Date Added: Jun 2009
Format: PDF

Agent-based simulation has been a popular technique in modeling and analyzing electricity markets in recent years. The main objective of this paper is to study existing agent-based simulation packages for electricity markets. The authors first provide an overview of electricity markets and briefly introduce the agent-based simulation technique. The authors then investigate several general-purpose agent-based simulation tools. Next, The authors review four popular agent-based simulation packages developed for electricity markets and several agent-based simulation models reported in the literature. The authors compare all the reviewed packages and models and identify their common features and design issues.