Participants in the supply and demand sides of electricity markets can potentially exercise
their market power for their benefits. Hence, market power mitigation is an essential …

This paper sheds light on a promising and very active research area for electricity market
modeling, that is, agent-based computational economics. The intriguing perspective of such …

While some agent-based models have been developed for analyzing the German electricity
market, there has been little research done on the emerging issue of intra-German …

The transition to a more renewable energy system comes with the challenge of designing
appropriate transmission grids. Most uniform-price electricity market rely on redispatch to …

Due to the characteristics of electricity, power markets rank among the most complex
markets operated at present. The requirements of an environmentally sustainable …

Modelling price formation in electricity markets is a notoriously difficult process, due to
physical constraints on electricity generation and transmission, and the potential for market …

Integrating increasingly high levels of variable generation in US electricity markets requires
addressing not only power system and grid modeling challenges but also an understanding …

An agent-based approach is proposed in this paper to analyze interactions between the
emission and electricity markets. A cap-and-trade system is assumed to be in place to …

This paper proposes an agent-based computational model of the Italian wholesale electricity
market. In particular, the aim of the paper is to study how the strategic behavior of the …

This paper applies two experimental economics methods (ie, agent-based modeling and
laboratory experiment) to a market test suite that is based on a fictional European wholesale …