Ketter, W.; Collins, J.; Reddy, P.; Flath, C.; Weerdt, … - Erasmus Research Institute of Management (ERIM), ERIM … - 2011
simulation that models a “liberalized†retail electrical energy market, where competing business entities or â …€œbrokers†offer energy services to customers through tariff contracts, and must then serve those customers by trading in a wholesale … market. Brokers are challenged to maximize their profits by buying and selling energy in the wholesale and retail markets …