Development of a virtual power market model to investigate strategic and collusive behavior of market players

In this paper, a virtual power market model is proposed to investigate the behavior of power market players from regulator's point of view. In this approach, strategic players are modeled in a multi-agent environment. These agents which are virtual representative of actual players forecast the...

Full description

Saved in:

Bibliographic Details
Published in:	Energy policy Vol. 61; pp. 717 - 728
Main Authors:	Shafie-khah, Miadreza, Parsa Moghaddam, Mohsen, Sheikh-El-Eslami, Mohamad Kazem
Format:	Journal Article
Language:	English
Published:	Kidlington Elsevier Ltd 01.10.2013 Elsevier Elsevier Science Ltd
Subjects:	Agency theory algorithms Applied sciences Behavior Behavior modification Case studies Collusion Collusive behavior Constraints Decision-making Economic data Economic theory Effectiveness studies Electric energy Electric power plants Energy Energy economics Energy industry Energy market Energy policy Energy prices Exact sciences and technology Game theory General, economic and professional studies Heuristic Long term market power Markets Methodology. Modelling new markets Power Power plants Prices Regulation Security Strategic behavior Virtual power market Wind power Collusive behavior Virtual power market Strategic behavior Collusion Electricity Heuristic method Markets Regulation policy Modeling Game theory Agent oriented Firm strategy
ISSN:	0301-4215, 1873-6777
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!

Be the first to leave a comment!