Agents invade real-work consumer electricity market

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Agents invade real-work consumer electricity market

Charles Gieseler
 Hi everybody,

A story came across slashdot last week about a device for businesses and households that takes advantage of dynamic pricing to buy and store electricity on behalf of the owner. It uses "a built-in computer powered by a Pentium chip [that] will make intelligent purchase decisions, buying when prices are low, then storing the electricity for later use."

My favorite quote: "Think of it as a kind of TiVo for electricity."

If such devices become prevalent, I wonder what impact we might see on market patterns. Might there be rolling off-peak hours as all agents try to buy at the "right time" or are the likely to reach some kind of equilibrium where the price remains relatively stable? Sounds like an interesting situation to model.


Here's the slashdot blurb:
http://hardware.slashdot.org/article.pl?sid=06/04/27/2117240

Cheers,
Charlie
 
 
 



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Agents invade real-work consumer electricity market

Robert Holmes-2
Interesting - though I'd be surprised if their domestic model took off ($10k
to save their 15% on you electricity bill means a long time before breaking
even).

Now what would be really exciting would be if your little eTivo was allowed
a great deal of autonomy: rather than just choosing when to buy it could
decide who to buy from, maybe collaborate with other eTivos in the
neighbourhood to get a bulk discount, maybe start selling back to the power
company. And I'm sure there'd be some really interesting dynamics if you
programmed your eTivo to tell lies....

Robert

On 4/29/06, Charles Gieseler <charles_gieseler at yahoo.com> wrote:

>
> Hi everybody,
>
> A story came across slashdot last week about a device for businesses and
> households that takes advantage of dynamic pricing to buy and store
> electricity on behalf of the owner. It uses "a built-in computer powered by
> a Pentium chip [that] will make intelligent purchase decisions, buying when
> prices are low, then storing the electricity for later use."
>
> My favorite quote: "Think of it as a kind of TiVo for electricity."
>
> If such devices become prevalent, I wonder what impact we might see on
> market patterns. Might there be rolling off-peak hours as all agents try to
> buy at the "right time" or are the likely to reach some kind of equilibrium
> where the price remains relatively stable? Sounds like an interesting
> situation to model.
>
>
> Here's the slashdot blurb:
> http://hardware.slashdot.org/article.pl?sid=06/04/27/2117240
>
> Cheers,
> Charlie
>
>
>
>
>
> ============================================================
> FRIAM Applied Complexity Group listserv
> Meets Fridays 9a-11:30 at cafe at St. John's College
> lectures, archives, unsubscribe, maps at http://www.friam.org
>
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