Dynamic performance of restructured wholesale power markets with learning generation companies: an agent-based test bed study

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xv CHAPTER 1. OVERVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1.1 Research Motivation and Background . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1.2 Organization of the Dissertation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 CHAPTER 2. LITERATURE REVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2.1 Restructured Wholesale Power Markets Background . . . . . . . . . . . . . . . . . . 5 2.2 Agent-Based Computational Modeling . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2.3 Learning Methods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 2.4 Agent-based Electricity Market Simulation . . . . . . . . . . . . . . . . . . . . . . . 10 2.5 Open-Source Software . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 CHAPTER 3. AGENT-BASED WHOLESALE POWER MARKET TEST BED CONSTRUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 3.1 Independent System Operator Agent Model . . . . . . . . . . . . . . . . . . . . . . . 17 3.1.