Investment Incentives for Flexible Energy Consumption in the Industry

Conference contribution
(Conference Contribution)


Publication Details

Author(s): Ambrosius M, Grimm V, Sölch C, Zöttl G
Editor(s): IEEE
Publication year: 2016
Conference Proceedings Title: 2016 13th International Conference on the European Energy Market (EEM)
Pages range: 1-5
Language: English


Abstract


The paper at hand analyses investment incentives for flexible manufacturing facilities within the energy market system. We propose a multi-stage equilibrium model which incorporates generation capacity investment, network expansion and redispatch, and include extensions regarding a flexible production approach. The model allows to investigate incentives for flexible production as well as locational choices and the impact of flexible energy demand on the energy market as a whole. In particular, we explore the profitability of flexible production units for different shares of flexible energy consumers in the electricity market. Furthermore, we examine from which point on flexible production units will have a considerable influence on energy price development and the extent to which price fluctuations will be mitigated by flexible consumption. First computational results on a test network reveal that flexible production units might be very profitable and even have a positive impact on welfare, additionally to energy cost savings of the flexible consumers. However, a large scale flexibilization of energy demand has a smoothing impact on the energy price curve and therefore reduces profits for flexible production approaches.



FAU Authors / FAU Editors

Ambrosius, Mirjam
Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftstheorie
Grimm, Veronika Prof. Dr.
Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftstheorie
Sölch, Christian
Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftstheorie
Zöttl, Gregor Prof. Dr.
Professur für Volkswirtschaftslehre


Additional Organisation
Energie-Campus Nürnberg (EnCN)


How to cite

APA:
Ambrosius, M., Grimm, V., Sölch, C., & Zöttl, G. (2016). Investment Incentives for Flexible Energy Consumption in the Industry. In IEEE (Eds.), 2016 13th International Conference on the European Energy Market (EEM) (pp. 1-5). Porto, PT.

MLA:
Ambrosius, Mirjam, et al. "Investment Incentives for Flexible Energy Consumption in the Industry." Proceedings of the 13th International Conference on the European Energy Market (EEM), Porto Ed. IEEE, 2016. 1-5.

BibTeX: 

Last updated on 2018-29-07 at 01:23