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Smart grid research has tended to be compartmentalised, with notable contributions from economics, electrical engineering and science and technology studies. However, there is an acknowledged and growing need for an integrated systems approach to the evaluation of smart grid initiatives. The capacity to simulate and explore smart grid possibilities on various scales is key to such an integrated approach...
This work focuses on modelling the electricity trading and market mechanism currently in place in the UK, using an agent-based approach and a learning strategy for the agents to update their bidding rules. The ongoing consultations by the Department of Energy and Climate Change on the possible models for a capacity mechanism reflect the unavoidable shift towards low-carbon and more intermittent sources...
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