ABSTRACT
Deregulation of energy has
occured concomitant with huge swings in prices and large fluctuations in
supply. Are they related? We will look at a simple (complex systems) model
of the power transmission system coupled to an agent based model of the
energy market to try to understand some of the mechanisms by which they
interact and the impact on reliability of those interactions. Implications
for regulation will be discussed as will the broader implications for other
infrastructure systems.
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