We are leading in designing Computational Energy Market Models

We are leading in designing Computational Energy Market Models

Energy markets can be modelled in great detail using computational models. Market participants (‘agents’) can then use powerful simulation techniques using millions of different scenarios.

Being able to run simulations using millions of market conditions and scenarios – investigating the effects of producer and consumer behaviour –  helps us to find out how the markets' dynamics work.

Researchers and practitioners are increasingly turning to these computational models of energy markets to answer their questions. The ECFEB is in the lead for the design of Power TAC, an ongoing trading agent competition (TAC) that provides a test bed for the design of power markets and trading strategies.