A general equilibrium analysis of potential demand side management programs in the household sector in Thailand

Abstract

A general equilibrium analysis of potential demand side management programs in the household sector in Thailand Govinda R. Timilsina Ram M. Shrestha Article information:To cite this document: Govinda R. Timilsina Ram M. Shrestha, (2008),"A general equilibrium analysis of potential demand side management programs in the household sector in Abstract Purpose -The purpose of this paper is to examine potential demand side management (DSM) programs in terms of their impacts to the overall economy in Thailand. Design/methodology/approach -A multi-sector computable general equilibrium (CGE) model of Thailand has been developed to accomplish the objectives of this study. The potential DSM program considered refers to replacement of less efficient electrical appliances with their efficient counterparts in the household sector in Thailand. Findings -The study finds that the economy-wide impacts of the DSM program (e.g., economic welfare, GDP, international trade) depend on three key factors: the project economics of the DSM option or the ratio of unit cost of electricity savings to price of electricity (CPR); the implementation strategy of the DSM option; and scale or size of the DSM option. This paper shows that the welfare impacts of the DSM programs would improve along with the project economics of the DSM programs. If the DSM program is implemented under the CDM, the welfare impacts would increase along with the price for certified emission reductions units. On the other hand, the welfare impacts would increase up to the optimal size or scale of the program, but would start to deteriorate if the size is increased further.Research limitations/implications -The welfare function considered in this paper does not account for benefits of local air pollution reductions. The study provides crucial insights on designing DSM projects in Thailand to ensure that DSM programs are beneficial for the economy as a whole. Originality/value -Analyses of DSM options under the CDM using CGE models are not available in the literature. This is the first paper in this area.

High-level simulation model of tourism industry dynamics

“…The more industries, regions, types of consumers appear in the model, the more difficult it is to solve such a model analytically; therefore numerical methods processed by computer capacities are used. CGE models are used for various sectors of the economy, in particular, to assess the impact of investments on individual economic products [28,29]. Among the most significant models based on the concept of calculated general equilibrium models, we can single out the MONASH model of the Australian economy, as well as a similar model for the US economy -USAGE and RUSEC -the model of Russian economy [17,18].…”

Demand side integration for electric transport vehicles

“…Significant potentials for the integration of the consumer side into energy-related activities in the context of DSI are cited in several studies (Bradley et al, 2013;Chanana and Kumar, 2010;Timilsina and Shrestha, 2008). In addition, many studies (e.g., Wang et al, 2011;Andersson et al, 2010;Mullan et al, 2012) have found electric vehicles (EVs) to be particularly suitable for participating in DR, as they are expected to be idle 96% of the time on average; the resulting load-shifting potential can be used for DR (Kempton and Tomić, 2005).…”

Programación óptima de cargas flexibles para el mercado eléctrico regulado incorporando fuentes no convencionales de energía

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