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Energy systems based on renewable energy sources require increasing demand side flexibility. Also, changes in the underlying cost structure, i. e., decreasing variable costs and increasing infrastructure investments, and varying customer needs should be reflected in the setup of future markets,...
Persistent link: https://www.econbiz.de/10011833595
The trend towards decentralized energy systems with an emphasis on renewable energy sources (RES) causes increased fluctuations and non-negligible weather-related uncertainties on the future supply side. Stochastic modeling techniques enable an adequate consideration of uncertainties in the...
Persistent link: https://www.econbiz.de/10011833604
The optimization of decentralized energy systems is an important practical problem that can be modeled using stochastic programs and solved via their large-scale, deterministic equivalent formulations. Unfortunately, using this approach, even when leveraging a high degree of parallelism on large...
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A promising tool to achieve more flexibility within power systems is demand re-sponse (DR). End-users in many strands of industry have been subject to research up to now regarding the opportunities for implementing DR programmes. One sector that has received little attention from the literature...
Persistent link: https://www.econbiz.de/10012111319
Growth in energy demand together with the expansion of variable renewables has significant implications for the future electricity system. The increased volatility from growing intermittent production requires new sources of flexibility at a much greater scale to help maintain system balance. In...
Persistent link: https://www.econbiz.de/10012028954
Following the transposition of the EU Energy Performance of Buildings Directive into Irish law, all properties offered for sale or to let in Ireland are obliged to have an energy efficiency rating. This paper analyses the effect of energy efficiency ratings on the sale and rental prices of...
Persistent link: https://www.econbiz.de/10013104345
In this paper we use annual time series data from 1960 to 2008 to estimate the long run price and income elasticities underlying energy demand in Ireland. The Irish economy is divided into five sectors: residential, industrial, commercial, agricultural and transport, and separate energy demand...
Persistent link: https://www.econbiz.de/10009306355