Smart Grid Economics: Policy Guidance Through Competitive Simulation

20 Pages Posted: 14 Nov 2010  

Wolfgang Ketter

University of Cologne - Institute of Energy Economics; Erasmus University Rotterdam (EUR) - Department of Technology and Operations Management; Erasmus Research Institute of Management (ERIM)

John Collins

University of Minnesota - Twin Cities

Carsten A. Block

Karlsruhe Institute of Technology

Date Written: November 2010, 11

Abstract

Sustainable energy systems of the future will need more than efficient, clean, low-cost, renewable energy sources; they will also need efficient price signals that motivate sustainable energy consumption as well as a better real-time alignment of energy demand and supply.

Keywords: energy trading, market simulation, market design, multi-agent systems, complex networks, trading agent competition

JEL Classification: L15, O32, M

Suggested Citation

Ketter, Wolfgang and Collins, John and Block, Carsten A., Smart Grid Economics: Policy Guidance Through Competitive Simulation (November 2010, 11). ERIM Report Series Reference No. ERS-2010-043-LIS. Available at SSRN: https://ssrn.com/abstract=1707913

Wolfgang Ketter (Contact Author)

University of Cologne - Institute of Energy Economics ( email )

Alte Wagenfabrik
Vogelsanger Strasse 321a
Cologne, 50827
Germany

HOME PAGE: http://ewi.uni-koeln.de/en/

Erasmus University Rotterdam (EUR) - Department of Technology and Operations Management ( email )

RSM Erasmus University
PO Box 1738
3000 DR Rotterdam
Netherlands

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

HOME PAGE: http://www.rsm.nl/energy

John Collins

University of Minnesota - Twin Cities ( email )

420 Delaware St. SE
Minneapolis, MN 55455
United States

Carsten A. Block

Karlsruhe Institute of Technology ( email )

Institute of Information Systems and Management
Englerstr. 14
Karlsruhe, Baden W├╝rttemberg 76131
Germany
+497216088382 (Phone)
+497216088399 (Fax)

HOME PAGE: http://www.iism.kit.edu/block

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