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

Anna Kowalska-Pyzalska, Katarzyna Maciejowska (), Katarzyna Sznajd-Weron and Rafał Weron

No HSC/14/01, HSC Research Reports from Hugo Steinhaus Center, Wroclaw University of Science and Technology

Abstract: 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.

Keywords: Dynamic electricity tariffs; Intetnion-behavior gap; Innovation diffusion; Agent-based model (search for similar items in EconPapers)
JEL-codes: C63 O33 Q48 Q55 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2014-01-22
New Economics Papers: this item is included in nep-cmp, nep-ene and nep-hme
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Published as A. Kowalska-Pyzalska, K. Maciejowska, K. Sznajd-Weron, R.Weron (2015) Diffusion and adoption of dynamic electricity tariffs: An agent-based modeling approach, Proceedings of 2015 IEEE/ACM International Conference on Advances in Social Networks Analysis and Mining (ASONAM'15), 1277-1283, DOI 10.1145/2808797.2808859.

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