A multi-agent model for assessing electricity tariffs

Abstract

This paper describes the framework for modelling a multi-agent approach for assessing dynamic pricing of electricity and demand response. It combines and agent-based model with decision-making data, and a standard load-flow model. The multi-agent model described here represents a tool in investigating not only the relation between different dynamic tariffs and consumer load profiles, but also the change in behaviour and impact on low-voltage electricity distribution networks.The authors acknowledge the contribution of the EPSRC Transforming Energy Demand Through Digital Innovation Programme, grant agreement numbers EP/I000194/1 and EP/I000119/1, to the ADEPT project