Evaluating Government ’ s Policies on Promoting Smart Metering in Retail Electricity Markets via Agent Based Simulation

@inproceedings{Zhang2008EvaluatingG,
  title={Evaluating Government ’ s Policies on Promoting Smart Metering in Retail Electricity Markets via Agent Based Simulation},
  author={Tao Zhang and William James Nuttall},
  year={2008}
}
In this paper, we develop an agent-based model of a market game in order to evaluate the effectiveness of the UK government’s 2008-2010 policy on promoting smart metering. We also consider possible supplementary strategies. With the model, we test the effectiveness of four possible strategy options and suggest their policy implications. The context of the paper is a practical application of agent-based simulation to the retail electricity market in Britain. The contribution of the research are… CONTINUE READING

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