Game playing with autonomous adaptive agents in a simplified economic model of the UK market in electricity generation

AJ Bagnall, GD Smith

Research output: Contribution to conferencePaper

13 Citations (Scopus)

Abstract

We describe a simplified model of the UK market in electricity where autonomous adaptive agents representing electricity generation companies compete by bidding for the right to generate in a series of noncooperative games simulating scenarios seen in the real world market. We investigate the effects on agent behaviour of alterations of the settlement method and examine under what conditions cooperation to receive increased payments can emerge between the agents
Original languageEnglish
Pages891-896
Number of pages6
DOIs
Publication statusPublished - Dec 2000
EventProceedings of IEEE-PES / CSEE International conference on power system technology (Powercon 2000) - Perth, WA, Australia
Duration: 4 Dec 20007 Dec 2000

Conference

ConferenceProceedings of IEEE-PES / CSEE International conference on power system technology (Powercon 2000)
CountryAustralia
CityPerth, WA
Period4/12/007/12/00

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