Market oriented planning of power generation expansion using agent-based model

@article{Gnansounou2004MarketOP,
  title={Market oriented planning of power generation expansion using agent-based model},
  author={E. Gnansounou and Jun Dong and Samuel Pierre and Alejandro Quintero},
  journal={IEEE PES Power Systems Conference and Exposition, 2004.},
  year={2004},
  pages={1306-1311 vol.3}
}
The deregulated electricity industry is characterized by structural change and strategic behaviors of market participants. There is a need of a novel model for medium and long term planning that could include games theoretical assumptions as well as other more complex assumptions. This paper proposes a new agent-based model designed to support decentralized planning activities in electricity supply industry, with a certain level of flexibility. In this model, the expansion planning method is… CONTINUE READING

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