Electricity Reform and Retail Pricing in Texas

Agent-Based Modeling of Day-Ahead Real Time Pricing in a Pool-Based Electricity Market

In this paper, an agent-based structure of the electricity retail market is presented based on which day-ahead (DA) energy procurement for customers is modeled. Here, we focus on operation of only one Retail Energy Provider (REP) agent who purchases energy from DA pool-based wholesale market and offers DA real time tariffs to a group of its customers. As a model of customer response to the offe...

Effect of electricity system reform on retail electricity price increases in Japan

1 Background The Japanese government is conducting electricity system reform in stages and plans to complete this reform by 2020. Historically, all electricity related services in Japan have been overseen by regional monopolistic entities. After the reform is completed, both the wholesale and retail electricity markets will be perfectly competitive, as in most countries in the EU, and many stat...

Introducing the emissions trading system to China’s electricity sector: Challenges and opportunities

We examine the challenges and opportunities to introduce emissions trading (ETS) in China’s electricity sector, in which the interaction between ETS and electricity market reform plays a major role. China’s electricity sector is currently in a slow progress towards a more competitive and market-based system. Both equal share dispatching policy and regulated wholesale and retail pricing policies...

Revenue management and seller pricing decisions in retail industry: An agent-based model

The James A

Proposed reforms of Japan’s electricity supply industry are quite modest by international standards. In particular, while the retail market has been the focus of reform efforts, the wholesale market has been largely ignored. Most of the gains from reforming electricity supply in other countries have arisen, however, from exploiting technological changes that have allowed wholesale markets to be...