Title :
Game playing with autonomous adaptive agents in a simplified economic model of the UK market in electricity generation
Author :
Bagnall, A.J. ; Smith, G.D.
Author_Institution :
Sch. of Inf. Syst., East Anglia Univ., Norwich, UK
Abstract :
We describe a simplified model of the UK market in electricity where autonomous adaptive agents representing electricity generation companies compete by bidding for the right to generate in a series of noncooperative games simulating scenarios seen in the real world market. We investigate the effects on agent behaviour of alterations of the settlement method and examine under what conditions cooperation to receive increased payments can emerge between the agents
Keywords :
electric power generation; electricity supply industry; game theory; power system economics; UK market; autonomous adaptive agents; electricity generation; electricity generation companies; game playing; increased payments; noncooperative games; settlement method alterations; simplified economic model; Electronic mail; Environmental economics; Evolutionary computation; Information systems; Power generation; Power generation economics; Power markets; Power system economics; Power system modeling; Processor scheduling;
Conference_Titel :
Power System Technology, 2000. Proceedings. PowerCon 2000. International Conference on
Conference_Location :
Perth, WA
Print_ISBN :
0-7803-6338-8
DOI :
10.1109/ICPST.2000.897139
