GERAM: An Agent-Based Model of Deregulated Electricity Retail Markets
نویسندگان
چکیده
As public utilities continue to evolve from regulated monopoly structures to open markets that promote free and fair competition, new players, new rules and new behaviors will continue to emerge, and given the uncertainties associated with this process, the need for suitable and a well-representative model increases. In this paper we present an Agent-Based Model (ABM) developed to capture some of the salient features of a deregulated electricity retail. We use the model to explore how different modes of deregulation affect the price of electricity. It also incorporates the effect of spatial distribution of retailers and the area of service covered by each retailer.
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تاریخ انتشار 2010