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Multi-agent simulat...
Multi-agent simulation of the effects of Japanese electricity market policies on the low-carbon transition
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- Zhang, Chengquan (författare)
- SCS Lab, Department of Human and Engineered Environment, Graduate School of Frontier Sciences, The University of Tokyo, Chiba 277-8563, Japan
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- Wu, Xifeng (författare)
- SCS Lab, Department of Human and Engineered Environment, Graduate School of Frontier Sciences, The University of Tokyo, Chiba 277-8563, Japan; School of Economics and Management, Liaoning Petrochemical University, Liaoning 113001, China, Liaoning
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- Zhao, Sijia (författare)
- School of Economics and Management, Tongji University, Shanghai 200092, China
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- Madani Larijani, Hatef (författare)
- KTH,Tillämpad termodynamik och kylteknik
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- Chen, Jin (författare)
- School of Economics and Management, Tsinghua University, Beijing 100084, China
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- Chen, Yu (författare)
- SCS Lab, Department of Human and Engineered Environment, Graduate School of Frontier Sciences, The University of Tokyo, Chiba 277-8563, Japan
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(creator_code:org_t)
- Elsevier BV, 2024
- 2024
- Engelska.
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Ingår i: Energy Strategy Reviews. - : Elsevier BV. - 2211-467X .- 2211-4688. ; 52
- Relaterad länk:
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https://doi.org/10.1...
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- Market policies play a crucial role in facilitating the transition to a low-carbon society by restructuring the electricity market and influencing stakeholder behavior. Policymakers are concerned with how to implement these policies in terms of their intensity, combination, and timing. However, existing research lacks effective simulation tools that can accurately capture the impact of market policies on individual decision-making in the electricity sector, which is essential to represent the complex impacts of the policy mix. To address this gap, we present an agent-based model for analyzing the Low Carbon Transition (LCT) in the electricity sector. Using the Japanese electricity sector as a case study, we design various subsidies, incentives, and liberalization policy scenarios to evaluate the role of market policies in facilitating LCT. We observed that, within the Feed-in Premium (FIP) system, above a subsidy threshold of 2 JPY/kWh or 20% of the electricity cost leads to overcompensation, resulting in a stagnation of LCT promotion. To address this stagnation, it is imperative to not only enhance demand-side incentives, such as carbon taxes but also expedite the advancement of the free trade market to prevent market-induced stagnation. A synergistic implementation of these three policies is crucial for the most efficient progression of LCT.
Ämnesord
- SAMHÄLLSVETENSKAP -- Statsvetenskap -- Studier av offentlig förvaltning (hsv//swe)
- SOCIAL SCIENCES -- Political Science -- Public Administration Studies (hsv//eng)
Nyckelord
- Agent-based model
- Electricity sector
- Low-carbon transition
- Market policy
- Quantitative analysis
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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