EAN: 9783319742618

ELECTRICITY MARKETS WITH INCREASING LEVELS OF R...

This book describes the common ground between electricity markets (EMs) and software agents (or
artificial intelligence generally). It presents an up-to-date introduction to EMs and
intelligent agents  and offers a comprehensive description of the research advances and key
achievements related to existing and emerging market designs to reliably and efficiently manage
the potential challenges of variable generation (VG). Most EMs are unique in their complex
relationships between economics and the physics of energy  but were created without the notion
that large penetrations of variable generation (VG) would be part of the supply mix. An
advanced multi-agent approach simulates the behavior of power markets over time  particularly
markets with large-scale penetrations of renewable resources. It is intended as a reference
book for researchers  academics and industry practitioners  but given the scope of the chapters
and the highly accessible style  the book also provides a coherent foundation for several
different graduate courses.

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