Review of System Dynamics models for electricity market simulations

Abstract

This paper provides a review on modeling electricity markets with System Dynamics (SD) focusing on deregulated electricity market models. First the SD method is classified within the wide field of electricity market modeling. Then all distinctive properties of the SD method in this context are elaborated. After an overview of first SD models in energy… (More)

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Cite this paper

@inproceedings{Teufel2013ReviewOS, title={Review of System Dynamics models for electricity market simulations}, author={Felix Teufel and Michael S. P. Miller and Massimo Genoese and Wolf Fichtner}, year={2013} }