{"id":"https:\/\/openalex.org\/W2290068035","doi":"https:\/\/doi.org\/10.1109\/dexa.2015.34","title":"Agent-Based Simulation of Wholesale Energy Markets: A Case Study on Renewable Generation","display_name":"Agent-Based Simulation of Wholesale Energy Markets: A Case Study on Renewable Generation","publication_year":2015,"publication_date":"2015-09-01","ids":{"openalex":"https:\/\/openalex.org\/W2290068035","doi":"https:\/\/doi.org\/10.1109\/dexa.2015.34","mag":"2290068035"},"language":"en","primary_location":{"id":"doi:10.1109\/dexa.2015.34","is_oa":false,"landing_page_url":"https:\/\/doi.org\/10.1109\/dexa.2015.34","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2015 26th International Workshop on Database and Expert Systems Applications (DEXA)","raw_type":"proceedings-article"},"type":"conference-paper","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https:\/\/openalex.org\/A5078384082","display_name":"Diogo Vidigal","orcid":null},"institutions":[{"id":"https:\/\/openalex.org\/I83558840","display_name":"Universidade Nova de Lisboa","ror":"https:\/\/ror.org\/02xankh89","country_code":"PT","type":"education","lineage":["https:\/\/openalex.org\/I83558840"]}],"countries":["PT"],"is_corresponding":false,"raw_author_name":"Diogo Vidigal","raw_affiliation_strings":["Faculdade de Ci\u00eancias e Tecnologia, Universidade Nova de Lisboa, Caparica, Portugal"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculdade de Ci\u00eancias e Tecnologia, Universidade Nova de Lisboa, Caparica, Portugal","institution_ids":["https:\/\/openalex.org\/I83558840"]}]},{"author_position":"middle","author":{"id":"https:\/\/openalex.org\/A5064876632","display_name":"Fernando Lopes","orcid":"https:\/\/orcid.org\/0000-0002-2967-627X"},"institutions":[{"id":"https:\/\/openalex.org\/I83558840","display_name":"Universidade Nova de Lisboa","ror":"https:\/\/ror.org\/02xankh89","country_code":"PT","type":"education","lineage":["https:\/\/openalex.org\/I83558840"]}],"countries":["PT"],"is_corresponding":false,"raw_author_name":"Fernando Lopes","raw_affiliation_strings":["Faculdade de Ci\u00eancias e Tecnologia, Universidade Nova de Lisboa, Caparica, Portugal"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculdade de Ci\u00eancias e Tecnologia, Universidade Nova de Lisboa, Caparica, Portugal","institution_ids":["https:\/\/openalex.org\/I83558840"]}]},{"author_position":"middle","author":{"id":"https:\/\/openalex.org\/A5006297502","display_name":"Anabela Pronto","orcid":"https:\/\/orcid.org\/0000-0001-6305-0265"},"institutions":[{"id":"https:\/\/openalex.org\/I4210097709","display_name":"National Laboratory of Energy and Geology","ror":"https:\/\/ror.org\/00w7v1v77","country_code":"PT","type":"facility","lineage":["https:\/\/openalex.org\/I4210097709"]}],"countries":["PT"],"is_corresponding":false,"raw_author_name":"Anabela Pronto","raw_affiliation_strings":["LNEG-National Research Institute, Lisboa, Portugal"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"LNEG-National Research Institute, Lisboa, Portugal","institution_ids":["https:\/\/openalex.org\/I4210097709"]}]},{"author_position":"last","author":{"id":"https:\/\/openalex.org\/A5037196600","display_name":"Jo\u00e3o Santana","orcid":"https:\/\/orcid.org\/0000-0002-0687-7044"},"institutions":[{"id":"https:\/\/openalex.org\/I121345201","display_name":"Instituto de Engenharia de Sistemas e Computadores Investiga\u00e7\u00e3o e Desenvolvimento","ror":"https:\/\/ror.org\/04mqy3p58","country_code":"PT","type":"nonprofit","lineage":["https:\/\/openalex.org\/I121345201","https:\/\/openalex.org\/I4210125590"]},{"id":"https:\/\/openalex.org\/I141596103","display_name":"University of Lisbon","ror":"https:\/\/ror.org\/01c27hj86","country_code":"PT","type":"education","lineage":["https:\/\/openalex.org\/I141596103"]}],"countries":["PT"],"is_corresponding":false,"raw_author_name":"Joao Santana","raw_affiliation_strings":["Instituto Superior Tecnico, Universidade de Lisboa INESC-ID, Lisboa, Portugal"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Instituto Superior Tecnico, Universidade de Lisboa INESC-ID, Lisboa, Portugal","institution_ids":["https:\/\/openalex.org\/I121345201","https:\/\/openalex.org\/I141596103"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":5.1435,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.96154605,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":null,"issue":null,"first_page":"81","last_page":"85"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https:\/\/openalex.org\/T11182","display_name":"Auction Theory and Applications","score":0.9959999918937683,"subfield":{"id":"https:\/\/openalex.org\/subfields\/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https:\/\/openalex.org\/fields\/18","display_name":"Decision Sciences"},"domain":{"id":"https:\/\/openalex.org\/domains\/2","display_name":"Social Sciences"}},"topics":[{"id":"https:\/\/openalex.org\/T11182","display_name":"Auction Theory and Applications","score":0.9959999918937683,"subfield":{"id":"https:\/\/openalex.org\/subfields\/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https:\/\/openalex.org\/fields\/18","display_name":"Decision Sciences"},"domain":{"id":"https:\/\/openalex.org\/domains\/2","display_name":"Social Sciences"}},{"id":"https:\/\/openalex.org\/T10424","display_name":"Electric Power System Optimization","score":0.9908999800682068,"subfield":{"id":"https:\/\/openalex.org\/subfields\/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https:\/\/openalex.org\/fields\/22","display_name":"Engineering"},"domain":{"id":"https:\/\/openalex.org\/domains\/3","display_name":"Physical Sciences"}},{"id":"https:\/\/openalex.org\/T10456","display_name":"Multi-Agent Systems and Negotiation","score":0.9729999899864197,"subfield":{"id":"https:\/\/openalex.org\/subfields\/1702","display_name":"Artificial Intelligence"},"field":{"id":"https:\/\/openalex.org\/fields\/17","display_name":"Computer Science"},"domain":{"id":"https:\/\/openalex.org\/domains\/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https:\/\/openalex.org\/keywords\/clearance","display_name":"Clearance","score":0.7989435195922852},{"id":"https:\/\/openalex.org\/keywords\/wind-power","display_name":"Wind power","score":0.724863588809967},{"id":"https:\/\/openalex.org\/keywords\/variable-renewable-energy","display_name":"Variable renewable energy","score":0.7248603701591492},{"id":"https:\/\/openalex.org\/keywords\/volatility","display_name":"Volatility (finance)","score":0.7087327837944031},{"id":"https:\/\/openalex.org\/keywords\/variable","display_name":"Variable (mathematics)","score":0.6354880332946777},{"id":"https:\/\/openalex.org\/keywords\/renewable-energy","display_name":"Renewable energy","score":0.6169896721839905},{"id":"https:\/\/openalex.org\/keywords\/electricity-generation","display_name":"Electricity generation","score":0.5072421431541443},{"id":"https:\/\/openalex.org\/keywords\/econometrics","display_name":"Econometrics","score":0.44133368134498596},{"id":"https:\/\/openalex.org\/keywords\/variable-cost","display_name":"Variable cost","score":0.4293632507324219},{"id":"https:\/\/openalex.org\/keywords\/economics","display_name":"Economics","score":0.42414388060569763},{"id":"https:\/\/openalex.org\/keywords\/environmental-economics","display_name":"Environmental economics","score":0.4182063043117523},{"id":"https:\/\/openalex.org\/keywords\/electric-power-system","display_name":"Electric power system","score":0.3886980414390564},{"id":"https:\/\/openalex.org\/keywords\/computer-science","display_name":"Computer science","score":0.38536834716796875},{"id":"https:\/\/openalex.org\/keywords\/industrial-organization","display_name":"Industrial organization","score":0.35677051544189453},{"id":"https:\/\/openalex.org\/keywords\/microeconomics","display_name":"Microeconomics","score":0.33146074414253235},{"id":"https:\/\/openalex.org\/keywords\/power","display_name":"Power (physics)","score":0.2647179365158081},{"id":"https:\/\/openalex.org\/keywords\/engineering","display_name":"Engineering","score":0.17534738779067993},{"id":"https:\/\/openalex.org\/keywords\/electrical-engineering","display_name":"Electrical engineering","score":0.17349708080291748},{"id":"https:\/\/openalex.org\/keywords\/mathematics","display_name":"Mathematics","score":0.12267449498176575}],"concepts":[{"id":"https:\/\/openalex.org\/C138944611","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q1163287","display_name":"Clearance","level":2,"score":0.7989435195922852},{"id":"https:\/\/openalex.org\/C78600449","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q43302","display_name":"Wind power","level":2,"score":0.724863588809967},{"id":"https:\/\/openalex.org\/C2780789856","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q7915732","display_name":"Variable renewable energy","level":4,"score":0.7248603701591492},{"id":"https:\/\/openalex.org\/C91602232","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7087327837944031},{"id":"https:\/\/openalex.org\/C182365436","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q50701","display_name":"Variable (mathematics)","level":2,"score":0.6354880332946777},{"id":"https:\/\/openalex.org\/C188573790","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q12705","display_name":"Renewable energy","level":2,"score":0.6169896721839905},{"id":"https:\/\/openalex.org\/C423512","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q383973","display_name":"Electricity generation","level":3,"score":0.5072421431541443},{"id":"https:\/\/openalex.org\/C149782125","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q160039","display_name":"Econometrics","level":1,"score":0.44133368134498596},{"id":"https:\/\/openalex.org\/C145760622","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q174915","display_name":"Variable cost","level":2,"score":0.4293632507324219},{"id":"https:\/\/openalex.org\/C162324750","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q8134","display_name":"Economics","level":0,"score":0.42414388060569763},{"id":"https:\/\/openalex.org\/C134560507","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q753291","display_name":"Environmental economics","level":1,"score":0.4182063043117523},{"id":"https:\/\/openalex.org\/C89227174","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q2388981","display_name":"Electric power system","level":3,"score":0.3886980414390564},{"id":"https:\/\/openalex.org\/C41008148","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q21198","display_name":"Computer science","level":0,"score":0.38536834716796875},{"id":"https:\/\/openalex.org\/C40700","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q1411783","display_name":"Industrial organization","level":1,"score":0.35677051544189453},{"id":"https:\/\/openalex.org\/C175444787","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q39072","display_name":"Microeconomics","level":1,"score":0.33146074414253235},{"id":"https:\/\/openalex.org\/C163258240","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q25342","display_name":"Power (physics)","level":2,"score":0.2647179365158081},{"id":"https:\/\/openalex.org\/C127413603","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q11023","display_name":"Engineering","level":0,"score":0.17534738779067993},{"id":"https:\/\/openalex.org\/C119599485","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q43035","display_name":"Electrical engineering","level":1,"score":0.17349708080291748},{"id":"https:\/\/openalex.org\/C33923547","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q395","display_name":"Mathematics","level":0,"score":0.12267449498176575},{"id":"https:\/\/openalex.org\/C121332964","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q413","display_name":"Physics","level":0,"score":0},{"id":"https:\/\/openalex.org\/C126894567","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q105650","display_name":"Urology","level":1,"score":0},{"id":"https:\/\/openalex.org\/C71924100","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q11190","display_name":"Medicine","level":0,"score":0},{"id":"https:\/\/openalex.org\/C134306372","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q7754","display_name":"Mathematical analysis","level":1,"score":0},{"id":"https:\/\/openalex.org\/C62520636","wikidata":"https:\/\/www.wikidata.org\/wiki\/Q944","display_name":"Quantum mechanics","level":1,"score":0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109\/dexa.2015.34","is_oa":false,"landing_page_url":"https:\/\/doi.org\/10.1109\/dexa.2015.34","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2015 26th International Workshop on Database and Expert Systems Applications (DEXA)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.8700000047683716,"id":"https:\/\/metadata.un.org\/sdg\/7","display_name":"Affordable and clean energy"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":17,"referenced_works":["https:\/\/openalex.org\/W780066038","https:\/\/openalex.org\/W1596783387","https:\/\/openalex.org\/W1904065432","https:\/\/openalex.org\/W1993750689","https:\/\/openalex.org\/W2031631942","https:\/\/openalex.org\/W2060372328","https:\/\/openalex.org\/W2075088668","https:\/\/openalex.org\/W2080846358","https:\/\/openalex.org\/W2082544178","https:\/\/openalex.org\/W2126171613","https:\/\/openalex.org\/W2164277089","https:\/\/openalex.org\/W2272663188","https:\/\/openalex.org\/W2292682266","https:\/\/openalex.org\/W2486662084","https:\/\/openalex.org\/W3125157032","https:\/\/openalex.org\/W6669111818","https:\/\/openalex.org\/W6697078324"],"related_works":["https:\/\/openalex.org\/W94007947","https:\/\/openalex.org\/W4386603341","https:\/\/openalex.org\/W1972144726","https:\/\/openalex.org\/W3176776294","https:\/\/openalex.org\/W2193407120","https:\/\/openalex.org\/W4250433556","https:\/\/openalex.org\/W2617112367","https:\/\/openalex.org\/W2605239856","https:\/\/openalex.org\/W2796378304","https:\/\/openalex.org\/W2955539113"],"abstract_inverted_index":{"Variable":[0],"generation":[1],"(VG),":[2],"such":[3],"as":[4],"wind":[5,108,125],"power,":[6],"has":[7,14],"increased":[8],"significantly":[9],"in":[10,102,116],"recent":[11],"years.":[12],"VG":[13,38,53],"several":[15],"unique":[16],"characteristics":[17],"compared":[18],"to":[19,40,55,82,90],"those":[20],"of":[21,37,46,52,68,78,99,107,124],"traditional":[22],"power":[23],"plants,":[24],"including":[25],"significant":[26],"fixed":[27],"capital":[28],"costs":[29],"but":[30],"near-zero":[31],"variable":[32],"production":[33],"costs.":[34],"Large":[35],"penetrations":[36],"tend":[39,54],"influence":[41],"the":[42,64,97,100],"prices":[43,115],"and":[44,62,114],"schedules":[45,113],"energy":[47,66,84],"markets.":[48,85],"Specifically,":[49],"increasing":[50,105],"levels":[51,67,106,123],"reduce":[56,63],"market":[57,112],"prices,":[58],"increase":[59],"price":[60],"volatility,":[61],"cleared":[65],"existing":[69],"generating":[70],"plants.":[71],"This":[72],"paper":[73],"describes":[74],"some":[75],"important":[76],"features":[77],"an":[79],"agent-based":[80],"system":[81,101],"simulate":[83],"Special":[86],"attention":[87],"is":[88],"devoted":[89],"a":[91],"case":[92],"study":[93],"aiming":[94],"at":[95],"analysing":[96],"behaviour":[98],"situations":[103,117],"with":[104,118],"generation,":[109],"notably":[110],"comparing":[111],"either":[119],"low":[120],"or":[121],"high":[122],"generation.":[126]},"counts_by_year":[{"year":2020,"cited_by_count":2},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":1}],"updated_date":"2026-07-29T14:22:42.915294","created_date":"2025-10-10T00:00:00"}