A Novel Agent-Based Simulation Model for Analyzing Electricity Market Dynamics
Creators
- 1. Erciyes Univ, Kayseri, Turkiye
- 2. Sivas Cumhuriyet Univ, Sivas, Turkiye
- 3. Gaziantep Univ, Gaziantep, Turkiye
Description
This study introduces the development of a novel agent-based simulation (ABS) model to analyze electricity market dynamics. The model integrates AI agents representing generation companies, employing machine learning to forecast the price and bidding in the market. Evolutionary algorithms will be utilized for optimized decision-making. This approach simulates market behavior under various scenarios, including renewable energy integration and diverse market structures. The model aims to provide insights into policy change and technology impacts by examining competitiveness, financial stability, and transparency. When the study is completed, key contributions will include the unique ABS model, innovative machine learning and optimization algorithms. The new model will allow in-depth analyses of market and renewable energy transitions.
Files
bib-1daaab79-881a-4a4c-95c4-c9fbdef73421.txt
Files
(268 Bytes)
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