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The electricity market sector has suffered massive changes in the last few decades. The worldwide electricity market restructuring has been conducted to potentiate the increase in competitiveness and thus decrease electricity prices. However, the complexity in this sector has grown significantly as well, with the emergence of several new types of players, interacting in a constantly changing environment...
The continuous changes in electricity markets' mechanisms and operations turn this environment into a challenging domain for the participating entities. Simulation tools are increasingly being used for decision support purposes of such entities. In particular, multi-agent based simulation, which facilitates the modeling of different types of mechanisms and players, is being fruitfully applied to the...
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