Search results for "CARBON ELECTRICITY SYSTEMS"

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Quantifying the Potential Economic Benefits of Flexible Industrial Demand in the European Power System

2018

The envisaged decarbonization of the European power system introduces complex techno-economic challenges to its operation and development. Demand flexibility can significantly contribute in addressing these challenges and enable a cost-effective transition to the low-carbon future. Although extensive previous work has analyzed the impacts of residential and commercial demand flexibility, the respective potential of the industrial sector has not yet been thoroughly investigated despite its large size. This paper presents a novel, whole-system modeling framework to comprehensively quantify the potential economic benefits of flexible industrial demand (FID) for the European power system. This …

TechnologyElectrical & Electronic EngineeringComputer science020209 energyDistribution (economics)Information System02 engineering and technology09 EngineeringENERGY MANAGEMENT SCHEMEElectric power systemAutomation & Control SystemsEngineeringDemand flexibilityCARBON ELECTRICITY SYSTEMS10 Technology0202 electrical engineering electronic engineering information engineeringCapital costElectrical and Electronic EngineeringOperating costFlexibility (engineering)08 Information And Computing Sciencesindustrial demandScience & Technologyrenewable generationbusiness.industryFACILITIESComputer Science Applications1707 Computer Vision and Pattern RecognitionEnvironmental economicsInvestment (macroeconomics)Computer Science Applicationspower systemWork (electrical)Control and Systems EngineeringSecondary sector of the economyEngineering IndustrialComputer ScienceComputer Science Interdisciplinary ApplicationsSIDE MANAGEMENTbusinessoptimizationSTORAGEInformation SystemsIEEE Transactions on Industrial Informatics
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