Modeling and implementation of an artificial electricity market using agent-based technology

Physica A: Statistical Mechanics and its Applications

Volumn 355, Issue 1, 2005, Pages 69-76

  Guerci, E ^a   Ivaldi, S ^a   Pastore, S ^b   Cincotti, S ^a  

^a UNIVERSITY OF GENOA   (Italy)

^b UNIVERSITY OF TRIESTE   (Italy)

Author keywords

Artificial power exchange markets; Heterogeneous agents; Statistical modeling

Indexed keywords

COST EFFECTIVENESS; DATA ACQUISITION; DEREGULATION; ECONOMICS; MARKETING; MULTI AGENT SYSTEMS; STATISTICAL METHODS;

ARTIFICIAL POWER EXCHANGE MARKETS; HETEROGENEOUS AGENTS; MARKET PRICES; STATISTICAL MODELING;

ELECTRIC INDUSTRY;

EID: 21444438607     PISSN: 03784371     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.physa.2005.02.068     Document Type: Conference Paper

References (6)

1. H. Mendelson Market behavior in a clearing house Econometrica 50 6 1982 1505 1524
2. E. Guerci, S. Ivaldi, P. Magioncalda, M. Raberto, S. Cincotti, Modeling electricity spot prices using an arma-garch approach, CINEF Working paper, 2004, www.cinef.org.
3. A. Léon, A. Rubia, Comportamiento del precio y volatilitad en el pool eléctrico español, Working Paper, 2001.
4. J. Contreras, R. Espinola, F.J. Nogales, and A.J. Conejo ARIMA models to predict next-day electricity prices IEEE Trans. Power Syst. 18 3 2003 1014 1020
5. D.W. Bunn, and F.S. Oliveira Agent-based simulation - an application to the new electricity trading arrangements of England and wales IEEE Trans. Evol. Comput. 5 5 2001 493 503
6. J. Nicolaisen, V. Petrov, and L. Tesfatsion Market power and efficiency in a computational electricity market with discriminatory double-auction pricing IEEE Trans. Evol. Comput. 5 5 2001 504 523