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Models Within Models – Agent-Based Modelling and Simulation in Energy Systems Analysis

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This paper tries to show the various roles agent-based modeling and simulation (ABMS) can play in technology and policy assessment of energy systems. We examine the advantages of ABMS methods using three case studies of electricity market models as example (AMIRIS, EMLab-Generation and PowerACE). In particular, we argue why ABMS might serve as framework for many future energy system models that integrate many different algorithms. We then discuss practical and theoretical problems in the development, validation and assessment of energy-system-analytical ABMS and conclude with an outlook and recommendations for energy system modellers who consider incorporating ABMS into their modelling toolbox.

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  • Martin Klein & Ulrich J. Frey & Matthias Reeg, 2019. "Models Within Models – Agent-Based Modelling and Simulation in Energy Systems Analysis," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 22(4), pages 1-6.
    • Handle: RePEc:jas:jasssj:2018-49-4
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    1. Jimenez, I. Sanchez & Ribó-Pérez, D. & Cvetkovic, M. & Kochems, J. & Schimeczek, C. & de Vries, L.J., 2024. "Can an energy only market enable resource adequacy in a decarbonized power system? A co-simulation with two agent-based-models," Applied Energy, Elsevier, vol. 360(C).
    2. Glismann, Samuel, 2021. "Ancillary Services Acquisition Model: Considering market interactions in policy design," Applied Energy, Elsevier, vol. 304(C).
    3. Amir Ali Safaei Pirooz & Mohammad J. Sanjari & Young-Jin Kim & Stuart Moore & Richard Turner & Wayne W. Weaver & Dipti Srinivasan & Josep M. Guerrero & Mohammad Shahidehpour, 2023. "Adaptation of High Spatio-Temporal Resolution Weather/Load Forecast in Real-World Distributed Energy-System Operation," Energies, MDPI, vol. 16(8), pages 1-16, April.
    4. Abba, Z.Y.I. & Balta-Ozkan, N. & Hart, P., 2022. "A holistic risk management framework for renewable energy investments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 160(C).
    5. Ulrich J. Frey & Martin Klein & Kristina Nienhaus & Christoph Schimeczek, 2020. "Self-Reinforcing Electricity Price Dynamics under the Variable Market Premium Scheme," Energies, MDPI, vol. 13(20), pages 1-19, October.
    6. Georg Holtz & Christian Schnülle & Malcolm Yadack & Jonas Friege & Thorben Jensen & Pablo Thier & Peter Viebahn & Émile J. L. Chappin, 2020. "Using Agent-Based Models to Generate Transformation Knowledge for the German Energiewende—Potentials and Challenges Derived from Four Case Studies," Energies, MDPI, vol. 13(22), pages 1-26, November.

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