Agent-based Model for Spot and Balancing Electricity Markets

Florian K\"uhnlenz and Pedro H. J. Nardelli

Papers from arXiv.org

Abstract: We present a simple, yet realistic, agent-based model of an electricity market. The proposed model combines the spot and balancing markets with a resolution of one minute, which enables a more accurate depiction of the physical properties of the power grid. As a test, we compare the results obtained from our simulation to data from Nord Pool.

Date: 2016-12
New Economics Papers: this item is included in nep-cmp, nep-ene and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1612.04512

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