Simulation-Based Design: Overview about related works

Mefteh, Wafa

doi:10.1016/j.matcom.2018.03.012

Cited by 13 publications

(1 citation statement)

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“…Finally, simulation-based design (SBD) plays a significant role in the evaluation and comparison of Re-EPSS design market performance with incumbent market mechanisms under various conditions. Emphasizing the use of simulation as a tool to design, evaluate and analyse the designed SBD is beneficial for Re-EPSS market design systems that require comprehensive analysis to predict the outcomes before consuming resources, effort and time by eliminating risks of design failure as soon as possible [55]. This approach allows the use of hypothetical environments, as well as infrastructure for collaborative engineering and integration technologies and tools [56,57].…”

Section: Methodology: Simulation-based Design For Epss Frameworkmentioning

confidence: 99%

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

2021

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Energy transitions are complex and involve interrelated changes in the socio-technical dimensions of society. One major barrier to renewable energy transitions is lock-in from the incumbent socio-technical regime. This study evaluates Energy Product–Service Systems (EPSS) as a renewable energy market mechanism. EPSS offer electricity service performance instead of energy products and appliances for household consumers. Through consumers buying the service, the provider company is enabled to choose, manage and control electrical appliances for best-matched service delivery. Given the heterogenous market players and future uncertainties, this study aims to identify the necessary conditions to achieve a sustainable renewable energy market. Simulation-Based Design for EPSS framework is implemented to assess various hypothetical market conditions’ impact on market efficiency in the short term and long term. The results reveal the specific market characteristics that have a higher chance of causing unexpected results. Ultimately, this paper demonstrates the advantage of implementing Simulation-Based Design for EPSS to design retail electricity markets for renewable energy under competing market mechanisms with heterogenous economic agents.

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Section: Methodology: Simulation-based Design For Epss Frameworkmentioning

confidence: 99%