In this paper we present results from an agent-based simulation model of two sequentially cleared electricity markets. Agents can bid on both a day-ahead market for physical delivery contracts and a day-ahead balancing power market and learn from their achieved results. Different scenarios of...

In this paper, we present a basic approach for modelling electricity and emissions markets under the paradigm of agent-based computational economics (ACE). Different market players will be modelled as independent entities using autonomous software agents; they operate and communicate...

The aim of this research in progress is to examine the effect of CO2-emission trading and the intensified application of renewable energy sources to the liberalized power market. The research approach applies methods from a combination of economics, natural sciences and computer science in order...

The deliverable reports the performance assessment of the Catallactic approach. Itdepends on the work done and results achieved in the other workpackages, particularlyWP2, the simulator and scenario generator development, and WP3, the prototypedevelopment....

This paper discusses the use of agent-based simulation models for regulatory advice in electricity market regulation. It briefly introduces the necessary procedures and the state-of-the-art of the methodology, and outlines its possible range of application. In a second part, the paper presents...