Regensburg 2013 – scientific programme

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SOE: Fachverband Physik sozio-ökonomischer Systeme

SOE 25: Poster session

SOE 25.10: Poster

Thursday, March 14, 2013, 17:15–19:00, Poster C

Controllability of power fluctuations with variable pricing schemes — Stefan Börries, •Sebastian M. Krause, and Stefan Bornholdt — Institut für Theoretische Physik, Universität Bremen, Hochschulring 18, D-28359 Bremen

Power markets including fluctuating energy sources as, e.g. windmills, face the challenge to satisfy the continuous demand for electricity. One possibility is to use time-varying pricing schemes that shift power consumption for activities as, e.g. washing and heating to times with excess supply.

We use an agent based model to investigate the behavior of power consumers faced with variable pricing schemes and analyze the statistical reaction of the market on an aggregate level. To answer the question, if the time-dependent power consumption can be controlled, we search for a reliable demand curve. By discussing the shape of the demand curve, as well as fluctuations and saturation effects, we hint at possible emergent effects.