Mascem: A Multiagent System That Simulates Competitive Electricity Markets

@article{Praa2003MascemAM,
  title={Mascem: A Multiagent System That Simulates Competitive Electricity Markets},
  author={Isabel Praça and Carlos Ramos and Zita A. Vale and Manuel Cordeiro},
  journal={IEEE Intelligent Systems},
  year={2003},
  volume={18},
  pages={54-60}
}
competitive; a market environment is replacing the traditional centralized-operation approach. This transformation is often called the deregulation of the electricity market. Many electricity companies have split into several companies that specialize in energy generation, transmission, or distribution. These companies need to adopt new management approaches to survive in this market. The industry needs new software tools—such as price-based unit commitment and price-bidding tools—to support… CONTINUE READING
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