AN AGENT-BASED MODELLING FRAMEWORK FOR THE SIMULATION OF LARGE-SCALE CONSUMER PARTICIPATION IN ELECTRICITY MARKET ECOSYSTEMS

An agent-based modelling framework for the simulation of large-scale consumer participation in electricity market ecosystems

Abstract The role of consumers as price-sensitive participants in electricity markets is considered essential to ensure efficient and secure operations of electricity systems.Yet the uncertain or unknown consequences of active market participation remain a large barrier for active consumer-side market participation.Simulations are a powerful tool t

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