Agent-based simulation of the german electricity markets - An analysis of the german spot market prices in the year 2001

This paper presents a first version of the agent-based simulation platform PowerACE for the simulation of the German electricity sector. In a case the PowerACE model is used to simulate the development of market prices on the German spot market in the year 2001. In order to analyse the capability of the model the results are compared to the official spot market results of the LPX (EEX) in the year 2001.