Brussels / 1 & 2 February 2025

schedule

Electricity market simulations with the open agent-based model AMIRIS


We present the Agent-based Market model for the Investigation of Renewable and Integrated energy Systems AMIRIS which can be used, e.g., to * assess future electricity market dynamics (e.g. prices), * investigate dispatch strategies for new demand actors such as electrolyzers, and * evaluate electricity market designs and policies.

AMIRIS was created in 2008 and released as open source in 2021. It has been actively developed ever since. AMIRIS 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.

We aim to provide a powerful open tool that is usable by scientist and market stakeholders alike. In order to leverage the power of the open source community, we constantly lower the barriers for new people onboarding the project by continuously improving our documentation, creating easy installation and execution routines, and providing extensive open data sets and training material. 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.

This talk will give a brief introduction to the AMIRIS model and its toolchain, demonstrate its installation and execution, provide examples of AMIRIS applications, and show the roadmap for future developments.

Speakers

Photo of Christoph Schimeczek Christoph Schimeczek