Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity Markets

The power demand on the electric grid varies according to the time of the day following users’ needs and so does the cost of electricity supply because the electricity mix is formed using different generators of varying capacities. Demand response (DR) is the modification of the consumption load curve following a signal from the electricity provider; it is mostly used for peak clipping. By reducing the short-term mismatch between generation and consumption, it helps to integrate intermittent renewables and new low-carbon technologies such as energy storage, electric vehicles, and power-to-gas. The present work is a literature survey based on the following keywords: demand response, demand technology, potential, power, and power dispatch, which aims to provide a summary of the state of the art regarding the potential for demand response implementation. Literature is either related to potential assessment or to implementation; less focus is given on non-dispatchable DR than on dispatchable DR. There is a great untapped potential for power demand reallocation in all sectors. Incentivizing users to participate in demand response programs is crucial, as well as education campaigns and smart meters penetration. The barriers to demand response are mostly the investment costs in the absence of an adequate pricing scheme.

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Malaysia’s Electricity Decarbonisation Pathways: Exploring the Role of Renewable Energy Policies Using Agent-Based Modelling

Babatunde

Mahmoud

Ibrahim

et al. 2023

Energies

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Coal’s rising prominence in the power industry has raised concerns about future CO2 emissions and energy reliability. As of 2017, it is estimated that Malaysia’s existing natural gas production can only be maintained for another 40 years. Consequently, the carbon intensity of electricity production has increased due to the increasing share of coal-fired plants and electricity infrastructure inefficiencies. To summarise, energy industries have been the highest emitters of CO2 emissions, with a 54-percent share. In response to these challenges, the government implemented a series of renewable energy (RE) policy measures. Whether these policies are sufficient in driving Malaysian energy decarbonisation is yet to be seen. In this study, we simulated different scenarios from 2015 to 2050 with an agent-based model to explore the roles of renewable energy policies towards emission reduction in the energy sector. The simulation results reveal that when all renewables initiatives were implemented, the share of RE increased to 16 percent, and emissions intensity fell by 26 percent relative to its level in 2005, albeit with increasing absolute carbon emissions. This milestone is still far below the government’s 45 percent reduction target. The simulation results demonstrate that renewable energy policies are less effective in driving Malaysian electricity towards desired low-carbon pathways. Furthermore, it is evidenced that no single approach can achieve the emission reduction target. Therefore, a combination of energy efficiency and renewable energy policy measures is unavoidable to decarbonise the electricity sector in Malaysia.

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Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity Markets

Cited by 4 publications

References 56 publications

Reviewing the climatic impacts of product service systems: Implications for research and practice

Reviewing the climatic impacts of product service systems: Implications for research and practice

Potential of Demand Response for Power Reallocation, a Literature Review

Malaysia’s Electricity Decarbonisation Pathways: Exploring the Role of Renewable Energy Policies Using Agent-Based Modelling

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