Conference contribution
(Conference Contribution)


Investment Incentives for Flexible Energy Consumption in the Industry


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

Event details
Event: 13th International Conference on the European Energy Market (EEM)
Event location: Porto
Start date of the event: 06/06/2016
End date of the event: 09/06/2016
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.



How to cite
APA: Ambrosius, M., Grimm, V., Sölch, C., & Zöttl, K.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.

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