Picture of wind turbine against blue sky

Open Access research with a real impact...

The Strathprints institutional repository is a digital archive of University of Strathclyde research outputs.

The Energy Systems Research Unit (ESRU) within Strathclyde's Department of Mechanical and Aerospace Engineering is producing Open Access research that can help society deploy and optimise renewable energy systems, such as wind turbine technology.

Explore wind turbine research in Strathprints

Explore all of Strathclyde's Open Access research content

Open source, agent-based energy market simulation with python

Lincoln, Richard and Galloway, Stuart and Burt, Graeme (2009) Open source, agent-based energy market simulation with python. In: 6th International Conference on the European Energy Market, 2009. EEM 2009. IEEE. ISBN 9781424444557

Full text not available in this repository. (Request a copy from the Strathclyde author)

Abstract

Increasingly, the electric energy transmitted and distributed by national power systems is traded competitively in free markets. Long-term decisions must be made by authorities as to the structure of energy markets and the regulations that govern interactions between participants. It is not practical to experiment with real energy markets and in order to establish the potential effects of making these decisions there are few options but to simulate the markets computationally. This paper proposes that the complexity of power systems and the associated energy markets necessitates an open approach in their modelling and simulation. It presents an open source software package for simulating electric energy markets using the Python programming language. Power systems and their associated constraints are modelled using traditional steady-state analysis techniques. While market participants are represented by reactive agents that learn through reinforcement. The software and all of its dependencies are open and freely available to the scientific community.