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MASCEM: A Multiagent System That Simulates Competitive Electricity Markets

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Resumo(s)

Around the world, the electricity industry, which has long been dominated by vertically integrated utilities, is experiencing major changes in the structure of its markets and regulations. Owing to new regulations, it's evolving into a distributed industry in which market forces drive electricity's price. The industry is becoming competitive; a market environment is replacing the traditional centralized-operation approach. This transformation is often called the deregulation of the electricity market. MASCEM, a multiagent simulator system, is a valuable framework for evaluating new rules, new behavior, and new participants in the numerous electricity markets that are moving toward liberalization and competition.

Descrição

Palavras-chave

Multiagent systems Power markets Electricity supply industry Power system modeling

Contexto Educativo

Citação

Projetos de investigação

Unidades organizacionais

Fascículo

Editora

Institute of Electrical and Electronics Engineers

Licença CC

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