Referenced Items are not available for this document.
The use of an agent based simulation platform for market structure policy simulations in a restructured electricity markets reveal subtle insights with respect to the limited exercise of market power in situations where more conventional oligopoly models would suggest greater exploitation. The paper describes a detailed market simulation platform with agent strategies emerging as a result of simple reinforcement learning on both profit and capacity utilization. An example applied to addressing the evolution of some of the Italian market structure issues is described.
Published in:
Power and Energy Society General Meeting - Conversion and Delivery of Electrical Energy in the 21st Century, 2008 IEEE
Date of Conference: 20-24 July 2008
- Page(s):
- 1 - 6
- ISSN :
- 1932-5517
- E-ISBN :
- 978-1-4244-1906-7
- Print ISBN:
- 978-1-4244-1905-0
- INSPEC Accession Number:
- 10141737
- Conference Location :
- Pittsburgh, PA
- Digital Object Identifier :
- 10.1109/PES.2008.4596845
- Product Type:
- Conference Publications
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