Review and analysis of investment decision making algorithms in long-term agent-based electric power system simulation models

Z Tao, JA Moncada, K Poncelet, E Delarue - Renewable and Sustainable …, 2021 - Elsevier
Long-term electric power system planning models are frequently used to provide policy
support in the context of the ongoing transition towards a low-carbon electric power system …

Multi-model ecologies for shaping future energy systems: Design patterns and development paths

LA Bollinger, CB Davis, R Evins, EJL Chappin… - … and Sustainable Energy …, 2018 - Elsevier
As energy systems grow more complex, modeling efforts spanning multiple scales,
disciplines and perspectives are essential. Improved methods are needed to guide the …

[HTML][HTML] How do demand response and electrical energy storage affect (the need for) a capacity market?

ASM Khan, RA Verzijlbergh, OC Sakinci, LJ De Vries - Applied Energy, 2018 - Elsevier
To ensure security of supply and incentivize reliable investment in generation capacity,
capacity markets (CMs) have been implemented or are being considered. However …

Simulating climate and energy policy with agent-based modelling: The Energy Modelling Laboratory (EMLab)

EJL Chappin, LJ de Vries, JC Richstein… - … modelling & software, 2017 - Elsevier
We present an approach to simulate climate and energy policy for the EU, using a flexible
and modular agent-based modelling approach and a toolbox, called the Energy Modelling …

[HTML][HTML] Investment in the future electricity system-An agent-based modelling approach

O Kraan, GJ Kramer, I Nikolic - Energy, 2018 - Elsevier
Now that renewable technologies are both technically and commercially mature, the
imperfect rational behaviour of investors becomes a critical factor in the future success of the …

The impact of heterogeneous market players with bounded-rationality on the electricity sector low-carbon transition

E Barazza, N Strachan - Energy Policy, 2020 - Elsevier
The energy sector transition requires large financial investments in low-carbon generation
technologies, to be delivered by a variety of actors with heterogeneous characteristics. Real …

[HTML][HTML] The effectiveness of capacity markets in the presence of a high portfolio share of renewable energy sources

PC Bhagwat, KK Iychettira, JC Richstein, EJL Chappin… - Utilities policy, 2017 - Elsevier
The effectiveness of a capacity market is analyzed by simulating three conditions that may
cause suboptimal investment in the electricity generation: imperfect information and …

[HTML][HTML] The effectiveness of a strategic reserve in the presence of a high portfolio share of renewable energy sources

PC Bhagwat, JC Richstein, EJL Chappin, LJ de Vries - Utilities Policy, 2016 - Elsevier
To ensure sufficient investment in electricity generation capacity, mechanisms such as
strategic reserves are being considered or already implemented. We analyze the …

[HTML][HTML] Cross-border effects of capacity mechanisms in interconnected power systems

PC Bhagwat, JC Richstein, EJL Chappin, KK Iychettira… - Utilities Policy, 2017 - Elsevier
The cross-border effects of a capacity market and a strategic reserve in interconnected
electricity markets are modeled using an agent-based modeling methodology. Both capacity …

[HTML][HTML] An analysis of a forward capacity market with long-term contracts

PC Bhagwat, A Marcheselli, JC Richstein, EJL Chappin… - Energy policy, 2017 - Elsevier
We analyze the effectiveness of a forward capacity market (FCM) with long-term contracts in
an electricity market in the presence of a growing share of renewable energy. An agent …