Smart Grid Economics: Policy Guidance Through Competitive Simulation

Ketter, Wolfgang; Collins, John; Block, Carsten A.

Download This Paper

Open PDF in Browser

Add Paper to My Library

Smart Grid Economics: Policy Guidance Through Competitive Simulation

ERIM Report Series Reference No. ERS-2010-043-LIS

20 Pages Posted: 14 Nov 2010

See all articles by Wolfgang Ketter

Wolfgang Ketter

University of Cologne - Faculty of Management, Economics and Social Sciences; 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: 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