Lightning Talk: Simulating Market Competition of Heterogeneous Flexibility O...
summary
AMIRIS is an open-source agent-based model that simulates day-ahead markets using dynamic programming for storage dispatch, forecasting the merit order and iteratively estimating competitors’ responses. A German backtest with 18 pumped hydro storages yields an 86% dispatch correlation and ~€5/MWh price error, overall 85% correlation to historical prices; a full-year hourly run completes in under a minute on a laptop, enabling thousands of scenarios to assess storage, RES and electrolyser market value.
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