Models Within Models – Agent-Based Modelling and Simulation in Energy Systems Analysis

Martin Klein, Ulrich J. Frey (ulrich.frey@dlr.de) and Matthias Reeg (matthias.reeg@dlr.de)

Journal of Artificial Societies and Social Simulation, 2019, vol. 22, issue 4, 6

Abstract: This paper tries to show the various roles agent-based modeling and simulation (ABMS) can play in technology and policy assessment of energy systems. We examine the advantages of ABMS methods using three case studies of electricity market models as example (AMIRIS, EMLab-Generation and PowerACE). In particular, we argue why ABMS might serve as framework for many future energy system models that integrate many different algorithms. We then discuss practical and theoretical problems in the development, validation and assessment of energy-system-analytical ABMS and conclude with an outlook and recommendations for energy system modellers who consider incorporating ABMS into their modelling toolbox.

Keywords: Agent Based Modelling; Computational Economics; Energy Systems Analysis; Modelling Guidelines; Policy Modelling; Energy Scenarios (search for similar items in EconPapers)
Date: 2019-10-31
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:jas:jasssj:2018-49-4

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