Comparison of Theoretical and Simulation Analysis of Electricity Market for Integrative Evaluation of Renewable Energy Policy

Masaaki Suzuki, Mari Ito, Ryuta Takashima

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.

References

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Paper Citation


in Harvard Style

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 - Volume 1: ICORES, ISBN 978-989-758-218-9, pages 455-459. DOI: 10.5220/0006249304550459


in Bibtex Style

@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 - Volume 1: ICORES,},
year={2017},
pages={455-459},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006249304550459},
isbn={978-989-758-218-9},
}


in EndNote Style

TY - CONF
JO - Proceedings of the 6th International Conference on Operations Research and Enterprise Systems - Volume 1: ICORES,
TI - Comparison of Theoretical and Simulation Analysis of Electricity Market for Integrative Evaluation of Renewable Energy Policy
SN - 978-989-758-218-9
AU - Suzuki M.
AU - Ito M.
AU - Takashima R.
PY - 2017
SP - 455
EP - 459
DO - 10.5220/0006249304550459