Towards an electricity market simulator

Paulo Trigo, Paulo Marques, Helder Coelho


This paper describes a multi-agent based simulation (MABS) framework to construct an artificial electric power market populated with learning agents. The artificial market, named TEMMAS (The Electricity Market Multi-Agent Simulator), explores the integration of two design constructs: i) the specification of the environmental physical market properties, and ii) the modeling of the decision-making (deliberative) and reactive agents. TEMMAS is materialized in an experimental setup involving distinct power generator companies which operate in the market and search for the trading strategies that best exploit their generating units’ resources. The experimental results show a coherent market behavior that emerges from the overall simulated environment.


Electricity market modeling; Multi-agent modeling and design; Multi-agent based simulation; Sequential decision process; Adaptation and learning