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Demonstration of Realistic Multi-agent Scenario Generator for Electricity Markets Simulation

  • Francisco SilvaEmail author
  • Brígida Teixeira
  • Tiago Pinto
  • Gabriel Santos
  • Isabel Praça
  • Zita Vale
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 9086)

Abstract

Worldwide electricity markets (EM) have undertaken a great revolution with the emergence of the liberalized market [1]. The restructuring of the constituent sectors of EM (production, marketing, transportation and distribution) turned EM into a more competitive environment, which in turn led to increased decision-making difficulty. In order to overcome the complexity and unpredictability of this sector, simulation tools began to be a great investment area. EM simulators are tools that help clarifying the functioning of markets in order to create profiles of the participant players through the analysis, study and forecast of different scenarios [2]. The profiles of participant players allow the understanding of the type of strategies taken by them and support their decision-making processes.

Keywords

Electricity Market Realistic Scenario Complex Adaptive System Market Type Internal Electricity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  • Francisco Silva
    • 1
    Email author
  • Brígida Teixeira
    • 1
  • Tiago Pinto
    • 1
  • Gabriel Santos
    • 1
  • Isabel Praça
    • 1
  • Zita Vale
    • 1
  1. 1.GECAD – Knowledge Engineering and Decision-Support Research CenterInstitute of Engineering – Politechnic of Porto (ISEP/IPP)PortoPortugal

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