SIMULATING DAY-AHEAD TRADING IN ELECTRICITY MARKETS WITH AGENTS

摘要

Electricity markets all over the world are being liberalized these days. By means of this liberalization, the former monopoly-like structure of the electricity markets is being changed to a market structure, where the price for electricity is derived by the principles of supply and demand. We propose to use an agent-based simulation system as a basis for analyzing liberalized electricity markets, their underlying dynamics and their future development.