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Authors: Masaaki Suzuki ; Mari Ito and Ryuta Takashima

Affiliation: Tokyo University of Science, Japan

Keyword(s): Renewable Energy Policy, FIT, RPS, Social Welfare, Equilibrium Analysis, Multi-agent Simulation.

Related Ontology Subjects/Areas/Topics: Agents ; Applications ; Artificial Intelligence ; Bioinformatics ; Biomedical Engineering ; Energy and Environment ; Enterprise Information Systems ; Information Systems Analysis and Specification ; Methodologies and Technologies ; Operational Research ; Pattern Recognition ; Simulation ; Software Engineering

Abstract: Governments have introduced various policies for promoting renewable energy technologies. In particular, feed-in tariff (FIT) and renewable portfolio standard (RPS) have been introduced in various countries. In this work, multi-agent simulations of electricity markets with FIT/RPS have been conducted for integrative analysis and rational design of renewable energy policies. We analyze the effects of the FIT price and RPS level on social welfare. By comparing the results obtained from the simulation and the equilibrium analysis, we have examined the policies from both bottom-up and top-down viewpoints comprehensively.

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Paper citation in several formats:
Suzuki, M.; Ito, M. and Takashima, R. (2017). Comparison of Theoretical and Simulation Analysis of Electricity Market for Integrative Evaluation of Renewable Energy Policy. In Proceedings of the 6th International Conference on Operations Research and Enterprise Systems - ICORES; ISBN 978-989-758-218-9; ISSN 2184-4372, SciTePress, pages 455-459. DOI: 10.5220/0006249304550459

@conference{icores17,
author={Masaaki Suzuki. and Mari Ito. and Ryuta Takashima.},
title={Comparison of Theoretical and Simulation Analysis of Electricity Market for Integrative Evaluation of Renewable Energy Policy},
booktitle={Proceedings of the 6th International Conference on Operations Research and Enterprise Systems - ICORES},
year={2017},
pages={455-459},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006249304550459},
isbn={978-989-758-218-9},
issn={2184-4372},
}

TY - CONF

JO - Proceedings of the 6th International Conference on Operations Research and Enterprise Systems - ICORES
TI - Comparison of Theoretical and Simulation Analysis of Electricity Market for Integrative Evaluation of Renewable Energy Policy
SN - 978-989-758-218-9
IS - 2184-4372
AU - Suzuki, M.
AU - Ito, M.
AU - Takashima, R.
PY - 2017
SP - 455
EP - 459
DO - 10.5220/0006249304550459
PB - SciTePress