The United States power sector is being transformed by the recent rise in the availability and use of unconventional natural gas, specifically shale gas. That transformation has already produced some of the most significant changes in the operation of the portfolio of electricity generation...

Modelling price formation in electricity markets is a notoriously difficult process, due to physical constraints on electricity generation and transmission, and the potential for market power. This difficulty has inspired the recent development of bottom-up agent-based algorithmic learning...