Agent Based Models in Power Systems A Literature Review

Main Article Content

António Ferreira dos Santos
João Tomé Saraiva

Abstract

In the last two decades, power systems have experienced several changes, mainly related to organizational and operational restructuring. The appearance of new actors contributes to developing new business models and modifies its traditional operation activities. As a direct result, there is a need for new control solutions and strategies to integrate these different players. Agent-Based Models (ABM) have been increasingly used to model complex systems since they are especially suited to model systems influenced by social interactions between flexible, autonomous, and proactive agents. This paper provides a review of the literature regarding ABM in power systems followed by an analysis in more detail regarding specific applications that are becoming relevant in this new paradigm.

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Author Biographies

António Ferreira dos Santos, University of Porto

Faculty of Engineering

University of Porto

Rua Dr. Roberto Frias

4200-465 PORTO

Portugal

João Tomé Saraiva, University of Porto; INESC TEC-Institute for Systems and Computer Engineering, Technology and Science

Faculty of Engineering

University of Porto

Rua Dr. Roberto Frias

4200-465 PORTO

Portugal

 

INESC TEC-Institute for Systems and Computer Engineering, Technology and Science

Faculty of Engineering campus

Rua Dr. Roberto Frias

Building I

4200-465 PORTO

Portugal