Microeconomics of electrical energy storage in a fully renewable electricity system

Timmons, David; Elahee, Khalil; Lin, Ming Yao

doi:10.1016/j.solener.2020.05.057

Cited by 22 publications

(5 citation statements)

References 23 publications

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“…In cases where storage is used [26,27] the authors assume that the cost of electricity from storage is lower than the utility low tariff price which implies that the flexible load during peak hours is automatically supplied by the storage system. Although this may be a benefit, it is important to note that there are cases where the cost of storage is higher than that of the utility and this is not shown in the literature [28,29]. The use of DG and RES to offset the electricity prices is also proposed by other authors [30,31].…”

Section: Literature Reviewmentioning

confidence: 99%

Multi-objective economic dispatch with residential demand response programme under renewable obligation

Hlalele

Zhang

Naidoo

et al. 2021

Energy

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Section: Literature Reviewmentioning

confidence: 99%

Multi-objective economic dispatch with residential demand response programme under renewable obligation

Hlalele

Zhang

Naidoo

et al. 2021

Energy

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“…• 100% RES is technically feasible and economically viable. This has been shown for several small islands as well as for large island states, independent of their geographic location, see, for example, Bac ˇeli c Medi c et al ( 2013), Child, Nordling, and Breyer (2018), Gils and Simon (2017), Meschede et al (2018), Timmons et al (2020), andTrondheim et al (2021). Key RE resources are solar PV and wind energy.…”

Section: Lessons Learnt For Res Projectsmentioning

confidence: 84%

A review of 100% renewable energy scenarios on islands

Meschede

Bertheau

Khalili

et al. 2022

WIREs Energy & Environment

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Globally, more than 740 million people live on islands which are often seen as ideal environments for the development of renewable energy systems. Hereby, they play the role to demonstrate technical solutions as well as political transition pathways of energy systems to reduce greenhouse gas emissions. The growing number of articles on 100% renewable energy systems on islands is analyzed with a focus on technical solutions for transition pathways. Since the first “100% renewable energy systems on islands”‐article in a scientific journal in 2004, 97 articles handling 100% renewable energy systems on small islands were published and are reviewed in this article. In addition, a review on 100% renewable energy systems on bigger island states is added. Results underline that solar PV as well as wind are the main technologies regarding 100% RES on islands. Not only for the use of biomass but for all RES area limitation on islands needs to be taken more seriously, based on full energy system studies and respective area demand. Furthermore, it is shown that there is still not the same common sense in the design approach including and starting at the energy needs as well as on multi‐sectoral approach. The consideration of maritime transport, aviation, cooling demands, and water systems beyond seawater desalination is only poorly considered in existing studies. Future research should also focus on developing pathways to transform the existing conventional infrastructure stepwise into a fully renewable system regarding also the interconnections with the mainland and neighboring islands. This article is categorized under: Policy and Economics > Green Economics and Financing Energy Systems Economics > Economics and Policy Energy Systems Analysis > Economics and Policy Energy Systems Analysis > Systems and Infrastructure

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“…In the case of energy consumption, the problem of climate change requires a transition to carbon-neutral energy. The use of renewable energy sources, including the development of renewable electricity systems, is a complex task (Timmons et al, 2020).…”

Section: Consumer Behaviour Towards Electricitymentioning

confidence: 99%

Examining young people’s awareness of electricity consumption during the energy crisis from the perspective of economics students in Hungary

Juhász,

Varga,

Tóth

2023

EBER

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The objective of our article is to analyse students' knowledge, awareness, feelings and attitudes to the energy crisis, in particular, the rising price of electricity in Hungary to test whether students are aware of their electricity consumption and influenced by the opinion of their close relatives. We also examined how consumption awareness is influenced by the variables of the number of tenants and the person who pays the electricity bill. Research Design & Methods:In the research, self-administered questionnaires as qualitative research tools tested the previous assumptions. In total, 272 responses from students of economics at a Hungarian university were analysed by using an ANOVA test. The structural equation modelling (SEM) method for modelling latent variables was used for analysis, including the variance-based method (PLS over-analysis). Findings: Our study showed that the number of occupants does not affect consumption patterns as most changes in savings are explained by either awareness or by a clear understanding of consumption patterns, and only 10.2% by the war and its consequences.Implications & Recommendations: Savings on energy and awareness are interdependent. It was also pointed out that there are a lot of factors as a source of information such as (social) media in addition to family, friends, and acquaintances, who do not take the lead in terms of credibility. Contribution & Value Added: Previous research analysed many context-and area-specific determinants of responsible consumption. Our article explores consumption awareness and analyses savings to obtain information about the feelings and attitudes, as well as reactions of Hungarian students of economics to the energy crisis.

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Microeconomics of electrical energy storage in a fully renewable electricity system

Cited by 22 publications

References 23 publications

Multi-objective economic dispatch with residential demand response programme under renewable obligation

Multi-objective economic dispatch with residential demand response programme under renewable obligation

A review of 100% renewable energy scenarios on islands

Examining young people’s awareness of electricity consumption during the energy crisis from the perspective of economics students in Hungary

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