AMIRIS - the open Agent-based Electricity Market Model: Assessing Market Perspectives for Energy Technologies

Abstract

We present the Agent-based Market model for the Investigation of Renewable and Integrated energy Systems AMIRIS which can be used, e.g., to 1) investigate future electricity market dynamics (e.g. prices), 2) assess economic perspectives of electricity generation technologies and flexibility options 3) evaluate electricity market designs and policies.

AMIRIS has been actively developed since 2008. It represents all major actors in the electricity system, models their assets and decision strategies, and enables its users to observe emerging market dynamics. To this end, AMIRIS includes agents for market places, trading, power plant operation, storage operation, demand-side flexibility, and policy instruments. Back-testing demonstrates the high quality of AMIRIS results. To enable smooth integration of AMIRIS in other workflows, we follow the FAIR4RS principles and provide a full metadata description of AMIRIS model parameters, linking to the Open Energy Ontology wherever possible.