A multi-agent model for assessing electricity tariffs

This paper describes the framework for modelling a multi-agent approach for assessing dynamic pricing of electricity and demand response. It combines and agent-based model with decision-making data, and a standard load-flow model. The multi-agent model described here represents a tool in investigati...

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Bibliographic Details
Main Authors: Pisica, I, Axon, C, Hobson, P, Taylor, G, Wallom, D
Format: Conference item
Published: Institute of Electrical and Electronics Engineers 2015
Description
Summary:This paper describes the framework for modelling a multi-agent approach for assessing dynamic pricing of electricity and demand response. It combines and agent-based model with decision-making data, and a standard load-flow model. The multi-agent model described here represents a tool in investigating not only the relation between different dynamic tariffs and consumer load profiles, but also the change in behaviour and impact on low-voltage electricity distribution networks.