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Advisor(s)
Abstract(s)
ABSTRACT: The subject matter of this report is the analysis of the electricity markets’ actors’ scene, through the identification of actor classes and the characterisation of actors from a behavioural and an operational perspective. The technoeconomic characterization of market participants aims to support the upcoming model enhancements by aligning the agent-based model improvements with the modern market design challenges and the contemporary characteristics of players. This work has been conducted in the context of task T3.2, which focuses on the factorization of the distinctive operational and behavioural characteristics of
players in market structures. Traditional parties have been considered together with new and emerging roles, while special focus has been given on new actors related to flexible technologies and demand-side response. Among the main objectives have been the characterization of individual behaviours, objectives and requirements of different electricity market players, considering both the traditional entities and the new distributed ones, and the detailed representation of the new actors.
Description
Project TradeRES - New Markets Design & Models for 100% Renewable Power Systems: https://traderes.eu/about/
Keywords
Electricity markets Agent-based modeling Smart grid technology Energy markets
Citation
Chrysanthopoulos, Nikolaos... [et.al.] - Characterization of new flexible players: Deliverable D3.2. Project report of WP3 - Market Design and Regulation for ~100% Renewable Power Systems, Deliverable nº D3.2. Imperial College, 2021, 65 pp.