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

Volume

2

fYear

2000

fDate

2000

Firstpage

891

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;

fLanguage

English

Publisher

ieee

Conference_Titel

Power System Technology, 2000. Proceedings. PowerCon 2000. International Conference on

Conference_Location

Perth, WA

Print_ISBN

0-7803-6338-8

Type

conf

DOI

10.1109/ICPST.2000.897139

Filename

897139