2016/12/14 by Florian Kühnlenz, Kühnlenz, Florian, Pedro H. J. Nardelli +1
Decision Sciences · Engineering · #Auction Theory and Applications #Electric Power System Optimization #FOS: Computer and information sciences #FOS: Economics and business #General Finance (q-fin.GN) #Multiagent Systems (cs.MA) #Smart Grid Energy Management
paper · pdf · doi:10.48550/arxiv.1612.04512
openalex publication_date 2016/12/14 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
We present a simple, yet realistic, agent-based model of an electricity market. The proposed model combines the spot and balancing markets with a resolution of one minute, which enables a more accurate depiction of the physical properties of the power grid. As a test, we compare the results obtained from our simulation to data from Nord Pool.