Computational Model Library

Displaying 4 of 4 results electricity market clear search

This agent-based model (ABM), developed in NetLogo and available on the COMSES repository, simulates a stylized, competitive electricity market to explore the effects of carbon pricing policies under conditions of technological innovation. Unlike traditional models that treat innovation as exogenous, this ABM incorporates endogenous innovation dynamics, allowing clean technology costs to evolve based on cumulative deployment (Wright’s Law) or time (Moore’s Law). Electricity generation companies act as agents, making investment decisions across coal, gas, wind, and solar PV technologies based on expected returns and market conditions. The model evaluates three policy scenarios—No Policy, Emissions Trading System (ETS), and Carbon Tax—within a merit-order market framework. It is partially empirically grounded, using real-world data for technology costs and emissions caps. By capturing emergent system behavior, this model offers a flexible and transparent tool for analyzing the transition to low-carbon electricity systems.

AMIRIS is the Agent-based Market model for the Investigation of Renewable and Integrated energy Systems.

It is an agent-based simulation of electricity markets and their actors.
AMIRIS enables researches to analyse and evaluate energy policy instruments and their impact on the actors involved in the simulation context.
Different prototypical agents on the electricity market interact with each other, each employing complex decision strategies.
AMIRIS allows to calculate the impact of policy instruments on economic performance of power plant operators and marketers.

Investor-based electricity market model

Oscar Kraan | Published Monday, January 02, 2017 | Last modified Friday, October 12, 2018

The model is a representation of a liberalised electricity market designed as an energy-only market and consists of large scale investors and their power generation assets in the electricity market.

Evaluating Government's Policies on Promoting Smart Metering Diffusion in Retail Electricity Markets

Tao Zhang | Published Monday, December 07, 2009 | Last modified Saturday, April 27, 2013

This model is a market game for evaluating the effectiveness of the UK government’s 2008-2010 policy on promoting smart metering in the UK retail electricity market. We break down the policy into four

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