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IARA is open-source software for analyzing electricity market design choices and price formation schemes and their consequences for agents' strategies for participating in these markets.
The code development was funded by the project Meta II Formação de Preço, "A study about short-term electric energy price formation: an analysis of the Brazilian market".
This project was funded with resources from The World Bank made viable by initiative of the Brazilian Ministry of Mines and Energy.
Execution of the project was carried out under the leadership and supervision of the Brazilian electricity market operator CCEE, with activities and development being led by PSR.
We express our thanks to all collaborators that have contributed to the project and software development.