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020 _a9783031397066
082 _a333.79323
_bEn27
245 _aEnergy sustainability through retail electricity markets
_bthe power trading agent competition (Power TAC) experience
_cedited by John Collins, Wolfgang Ketter, Andreas L. Symeonidis
260 _bSpringer
_c2023
_aSwitzerland
300 _ax, 235p
440 _aApplied innovation and technology management
490 _a/ edited by Tugrul U. Daim, Marina Dabic
520 _aThe world is moving away from demand-driven electricity markets supplied by centralized generation and distribution of fossil-fuel-produced electricity. Increasing reliance on weather-dependent renewable sources will require a shift toward a supply-driven paradigm, while beneficial electrification, including widespread adoption of electric vehicles, heat pumps, and batteries will offer considerable but widely distributed demand flexibility that can be used to compensate for supply variability. The open-source Power Trading Agent Competition (Power TAC) platform simulates a decentralized future, modeling the high complexity of future retail electricity markets. This book describes a variety of approaches to profitable trading in realistic wholesale and retail electricity markets. It presents actionable insights from extensive exploration of policies and business models for retail electricity markets gained from a decade of Power TAC tournaments, and from research inspired by the Power TAC experience. Featuring contributions from tournament designers, competitors, and scientists combining best practices from computer science and economics and management science, this book is of benefit to academics, researchers, practitioners and policy makers in sustainable energy and wholesale and retail electricity markets
650 _a Renewable energy sources -- Environmental aspects
650 _aElectric utilities -- Environmental aspects
700 _aCollins, John [ed.]
700 _aKetter, Wolfgang [ed.]
700 _aSymeonidis, Andreas L. [ed.]
942 _cREF
999 _c567642
_d567642