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On the first price spike in summer
2004
37th Annual Hawaii International Conference on System Sciences, 2004. Proceedings of the
The objective of this paper is to determine why price spikes occur in deregulated wholesale markes for electricity, and how effectively they can be mitigated by different modifications to the market.. The analysis employs a multi-agent system (MAS) to replicate a spot market with six supply firms, represented by adaptive autonomous agents,. These firms submit offers to maximize their own expected profits, and an Independent System Operator (ISO) clears the market for a predetermined load in a
doi:10.1109/hicss.2004.1265173
fatcat:dj7xalqsjvhg7hoqgwst33ptuy