How to Model Competing Flexibility Options (Fast)

Since its Release 4.0, the Agent-based Market model for the Investigation of Renewable and Integrated Energy Systems (AMIRIS) offers a fast and reliable method for modelling the competition between different flexibility options on the day-ahead electricity market. This method was recently published using an example of competing pumped-hydro storage units on the German electricity market, but is also applicable to other types of flexibility options, e.g. electric vehicles, flexible heat pumps, or load shifting. In this workshop, we explain the details of this new algorithm, discuss its advantages and limitations and give examples of its application. In the second, interactive part, workshop participants will apply the algorithm on their own computer and learn how to employ it for their own modelling tasks.