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Agent-based Model for Spot and Balancing Electricity Markets

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.

preprint2016arXivOpen access
Florian KühnlenzPedro H. J. Nardelli
q-fin.GNMultiagent Systems
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Citations: 0Reviews: 0Saves: 0Code: not linkedDataset: not linkedInstitutions: 0

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Florian KühnlenzPedro H. J. Nardelli

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