PowerACE - An Agent-based Energy Market Model

PowerACE is an agent-based electricity market model that encompasses various markets. The focus is on investment decisions in interconnected markets, while also simulating the annual and the day-ahead market at an hourly resolution. PowerACE enables to examine the influence of various regulatory and legal frameworks on the European electricity market. PowerACE employs an exploratory approach by optimizing from the perspective of the actors, rather than from a system-wide perspective.