Contributions to Management Science

Engineering Interrelated Electricity Markets

An Agent-Based Computational Approach

Authors: Weidlich, Anke

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About this book

Due to the characteristics of electricity, power markets rank among the most complex markets operated at present. The requirements of an environmentally sustainable, economically efficient, and secure energy supply have resulted in the emergence of several interrelated markets that have to be carefully engineered in order to ensure efficient market outcomes.

This book presents an agent-based simulation model that facilitates electricity market research. Simulation outcomes from this model are validated against price data from German power markets. The results significantly contribute to existing research in agent-based simulation and electricity market modeling, and provide insights into the impact of the market structure and market design on electricity prices.

The book addresses researchers, lecturers and students who are interested in applying agent-based simulation to power markets. It provides a thorough discussion of the methodology and helpful details for model implementation.

Table of contents (7 chapters)

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-7908-2068-3
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.00
price for USA
  • ISBN 978-3-7908-2067-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.00
price for USA
  • ISBN 978-3-7908-2562-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Engineering Interrelated Electricity Markets
Book Subtitle
An Agent-Based Computational Approach
Authors
Series Title
Contributions to Management Science
Copyright
2008
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Physica-Verlag Heidelberg
eBook ISBN
978-3-7908-2068-3
DOI
10.1007/978-3-7908-2068-3
Hardcover ISBN
978-3-7908-2067-6
Softcover ISBN
978-3-7908-2562-6
Series ISSN
1431-1941
Edition Number
1
Number of Pages
XXII, 174
Number of Illustrations and Tables
68 b/w illustrations
Topics