A co-evolutionary approach to modelling the behaviour of participants in competitive electricity markets

@article{Cau2002ACA,
  title={A co-evolutionary approach to modelling the behaviour of participants in competitive electricity markets},
  author={T. D. H. Cau and E. J. Anderson},
  journal={IEEE Power Engineering Society Summer Meeting,},
  year={2002},
  volume={3},
  pages={1534-1540 vol.3}
}
The behaviour of participants in electricity markets is complex and is more appropriately studied as an economic game rather than as an optimisation problem. In this paper, a co-evolutionary approach has been developed to study the dynamic behaviour of participants over many trading intervals. Each market participant is represented by a trading agent. The bidding strategy of each agent is modelled as a set of bidding actions, one for each possible discrete state of the state space observed by… CONTINUE READING
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