Powered By EMIS

This video was produced when the laboratory operated as the National Renewable Energy Laboratory (NREL). The laboratory is now the National Laboratory of the Rockies (NLR). Powered By EMIS features the Electricity Markets Investment Suite (EMIS), an open-source agent-based capacity expansion model designed to capture the interactions between wholesale electricity market design, investment decisions, and resource adequacy. The tool allows users to explore a range of market structures and products to understand how associated price and revenue outcomes can impact investment and retirement decisions made by a set of heterogenous investor agents over many years. Resource adequacy is assessed and incorporated into the market structures in each investment period, allowing users to better explore the feedback between market design and resource adequacy.