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This paper discusses the development of an agent-based test bed permitting the integrated study of retail and wholesale power markets operating over realistically rendered transmission and distribution systems. A key issue to be addressed using this test bed is the dynamic effect of increased penetration of consumer-owned distributed energy resources, such as PV generation, particularly when coupled...
This study will report both analytical and computational testbed findings regarding the effects of retail dynamic-price contracting on power system operations. The key issue under study is the extent to which the introduction of dynamic price contracts for retail consumers affects the efficiency of both retail and wholesale power market operations through changes in price volatility and load profiles...
Our research team is developing an agent-based test bed for the integrated study of retail and wholesale power markets operating over transmission and distribution networks with smart-grid functionality. This test bed seams together two existing test beds, the AMES Wholesale Power Market Test Bed and the GridLAB-D distribution platform. As a first step, we have designed an integrated retail/wholesale...
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