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Book Summary
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
- ISBN-13
- 9783790820676
- Language
- English
- Binding
- Hard Bound
- Publisher
- Physica-Verlag HD
- Publishing Date
- 2008-12-01
- Product Edition
- 1st Edition
Engineering Interrelated Electricity Markets: An Agent-Based Computational Approach (Contributions To Management Science)
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Product Specifications
Book Summary
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
Book Specifications
- ISBN-13
- 9783790820676
- Language
- English
- Binding
- Hard Bound
- Publisher
- Physica-Verlag HD
- Publishing Date
- 2008-12-01
- Product Edition
- 1st Edition