IntroductionElectricity Market Complex Adaptive System (EMCAS) Software% O$ h, ^( O+ X9 z" K
Introduction # ?5 q- L# K9 P1 w* \2 P+ m# nArgonne National Laboratory developed the Electricity - _* E2 x/ h; r! ~/ `- M8 zMarket Complex Adaptive System (EMCAS) software to 1 ^4 z5 E$ q; @/ J' @meet the growing need for advanced modeling approaches9 b5 {- L; X5 B! Q" \' e5 J0 |
that simulate how electricity markets may evolve over time4 e; ^1 H9 y/ o
and how participants in these markets may react to the8 c, Y$ z6 [5 w% Q1 G3 ?! I2 c1 E1 x# j
changing physical, economic, financial, and regulatory T- m& D) @) Y. _environments in which they operate.# t. `; o9 k8 B+ C* h/ n