Diffusion and adoption of dynamic electricity tariffs: An agent-based modeling approach

This paper proposes an agent-based modeling (ABM) approach to study the diffusion and adoption of dynamic electricity tariffs. We discuss the difference between opinions and decisions of electricity consumers regarding dynamic pricing. By means of a simple ABM, we provide a plausible explanation for the observed in retail electricity markets discrepancy between the relatively high willingness to adopt dynamic tariffs and the actual low adoption rate.

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Year of publication:	2014-01-22
Authors:	Kowalska-Pyzalska, Anna ; Maciejowska, Katarzyna ; Sznajd-Weron, Katarzyna ; Weron, Rafal
Institutions:	Hugo Steinhaus Center for Stochastic Methods, Politechnika Wrocławska
Subject:	Dynamic electricity tariffs \| Intetnion-behavior gap \| Innovation diffusion \| Agent-based model

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Extent:	application/pdf
Series:	HSC Research Reports.
Type of publication:	Book / Working Paper
Notes:	Number HSC/14/01 8 pages
Classification:	C63 - Computational Techniques ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; Q48 - Government Policy ; Q55 - Technological Innovation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010751587