This paper provides a review on modeling electricity markets with System Dynamics (SD) focusing on deregulated electricity market models. First the SD method is classified within the wide field of electricity market modeling. Then all distinctive properties of the SD method in this context are...

Currently, most photovoltaic (PV) modules are aligned in a way that maximizes the overall annual yields, which leads to significant peaks in electricity production and could threaten energy policy objectives such as security of supply as well as environmental sustainability. The exploitation of...

The motivation of this thesis is to develop a multi-energy residential service demand (MESD) model. The approach is based on earlier modelling concepts. Electricity is simulated by the help of a first-order Markov-chain approach simulating pseudorandom solar irradiation data as well as occupancy...