Agent-Based Simulations for Electricity Market Regulation Advice : Procedures and an Example


Weidlich, Anke ; Veit, Daniel J.



DOI: https://doi.org/10.2139/ssrn.2951092
URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_i...
Document Type: Article
Year of publication: 2008
The title of a journal, publication series: Jahrbücher für Nationalökonomie und Statistik = Journal of Economics and Statistics
Volume: 228
Issue number: 2/3
Page range: 149-172
Place of publication: Stuttgart
Publishing house: Lucius & Lucius
ISSN: 0021-4027 , 0021-4027
Publication language: English
Institution: Business School > Dieter-Schwarz-Stiftungslehrstuhl für ABWL, E-Business u. E-Government (Veit -2013)
Subject: 330 Economics
Keywords (English): Computational Techniques , Simulation Modeling C630 , Economics of Regulation L510 , Electric Utilities L940 , Industry Studies: Utilities and Transportation: Government Policy L980
Abstract: This paper discusses the use of agent-based simulation models for regulatory advice in electricity market regulation. It briefly introduces the necessary procedures and the state-of-the-art of the methodology, and outlines its possible range of application. In a second part, the paper presents an agent-based simulation model developed by the authors. The model can be applied for analyzing different market designs and market structures in order to derive evidence for regulatory advice. This is exemplified through the analysis of two settlement rules in the balancing power market and of several divestiture scenarios of the German electricity sector.

Dieser Eintrag ist Teil der Universitätsbibliographie.




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Weidlich, Anke ; Veit, Daniel J. (2008) Agent-Based Simulations for Electricity Market Regulation Advice : Procedures and an Example. Jahrbücher für Nationalökonomie und Statistik = Journal of Economics and Statistics Stuttgart 228 2/3 149-172 [Article]


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