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A special issue of Energies (ISSN 1996-1073).

Deadline for manuscript submissions: closed (30 September 2017) | Viewed by 43517

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Prof. Dr. Pantelis Capros

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Guest Editor

School of Electrical and Computer Engineering, E3MLab, National Technical University of Athens, 9 Iroon Polytechniou Street, Zografou, 15773 Athens, Greece
Interests: applied economics; mathematical modelling for economic growth; energy markets and climate change
Special Issues, Collections and Topics in MDPI journals

Dr. Paroussos Leonidas

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Guest Editor

Division of Electric Power, National Technical University of Athens, 10431 Athens, Greece
Interests: computable general equilibrium (CGE), energy and climate policy, sustainable development, finance, applied modelling

Special Issue Information

Dear Colleagues,

Energy markets already undergo considerable transitions to accommodate new energy forms, e.g., renewables, new energy players, e.g., decentralized generation and demand response, and new system requirements, e.g., flexibility and resilience. Traditional energy markets, e.g., for fossil fuels, are under pressure, while not yet mature energy markets emerge. Investment in large-scale and capital intensive energy production projects are surrounded by high uncertainty, difficultly hedged by private entities. Traditional energy production companies transform into energy service suppliers, companies aggregating numerous potential market players emerge, while regulation and system management play increasing role. Economic analysis, forecasting, modeling and investment assessment require fresh approaches and views to address the increasing uncertainties and complexities. Novel research is thus required to simulate multiple actor interplays and idiosyncratic behaviors. The required approaches cannot deal only with energy supply, but need to include active demand and cover systemic aspects. Energy markets transitions challenge policy making. Market coordination failure, removal of barriers hindering restructuring and combination of market signals with command-and-control policies measures, are some of the new aims of policies.
The aim of the Special Issue is to collect research papers that address the above issues using novel methods from any adequate perspective, including economic analysis, modeling of systems, behavioral forecasting, and policy assessment.

Prof. Dr. Pantelis Capros
Dr. Paroussos Leonida
Guest Editors

Manuscript Submission Information

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Keywords

Energy market reforms
Transition to low carbon energy systems
Integration of renewables in power systems
Managing transport sector electrification
Policies for ambitious energy efficiency
Restructuring of energy companies
Competition and new players in energy markets
Assessment of policies for energy market transitions

Published Papers (6 papers)

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Research

224 KiB

Open AccessArticle

Brexit and Article 50 of the Treaty of the European Union: Implications for UK Energy Policy and Security

by Augustine O. Ifelebuegu, Kenneth E. Aidelojie and Elijah Acquah-Andoh

Energies 2017, 10(12), 2143; https://doi.org/10.3390/en10122143 - 15 Dec 2017

Cited by 7 | Viewed by 5151

Abstract

This paper articulates the potential implications of Brexit on energy policy and security in the United Kingdom (UK). Given the uncertainties associated with the decision to leave the European Union (EU), the need to consider its potential effects on the UK’s energy sector becomes even more pertinent. Through the lens of a few widely reviewed trade regimes in the light of Brexit, it can be observed that while UK energy policies are unlikely to change drastically, Brexit nevertheless threatens the UK’s capacity to safeguard its energy supply. The uncertainties following Brexit could arguably starve the UK’s upstream petroleum, electricity, and renewable energy sectors of their required investments. Both short and long-term impacts could result in UK residents paying more per unit of energy consumed in a “hard Brexit” scenario, where the UK exits the Internal Energy Market (IEM) and must trade with the EU under World Trade Organisation rules. While a hard Brexit could aid the growth of the nascent shale gas industry, a negotiated withdrawal that includes some form of access to the IEM (a “soft Brexit”) would be more beneficial for the future of energy security in the UK. Full article

(This article belongs to the Special Issue Energy Market Transitions)

3308 KiB

Open AccessArticle

The Tripartite Game Model for Electricity Pricing in Consideration of the Power Quality

by Tianlei Zang, Yueping Xiang and Jianwei Yang

Energies 2017, 10(12), 2025; https://doi.org/10.3390/en10122025 - 01 Dec 2017

Cited by 9 | Viewed by 3576

Abstract

Under the Energy Internet concept the distribution and management of resources in the electricity market have been gradually transiting from a centralized pattern to a decentralized pattern. Correspondingly, the methodological model for the analysis of economic behaviors needs to be upgraded too. Based on the idea of non-cooperative game theory, this paper puts forward a tripartite game model for electricity pricing in consideration of the power quality, which is applicable to the electricity market under the Energy Internet with distributed generation, including the State Grid Corporation of China (SGCC), generating companies (GENCOs) and the marketers which correspond to the regional power-retailing companies. Then, the sequential quadratic programming based on the quasi-Newton method is given to solve the game model. Finally, four sets of tests with different game factors are carried out to verify the validity and feasibility of the proposed model and algorithm. The SGCC price, the cost and the number of GENCOs and the cross-regional environment are considered in each test, respectively. The results show that this model can adapt well to the various conditions. Full article

(This article belongs to the Special Issue Energy Market Transitions)

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9921 KiB

Open AccessArticle

Impacts of Reclassified Brown Coal Reserves on the Energy System and Deep Decarbonisation Target in the Czech Republic

by Lukáš Rečka and Milan Ščasný

Energies 2017, 10(12), 1947; https://doi.org/10.3390/en10121947 - 23 Nov 2017

Cited by 8 | Viewed by 4134

Abstract

In 2015, a 24-year-long prohibition of coal mining within some territories in the North Bohemia coal basin was lifted and as a consequence mining a part of the brown coal reserves might well be resumed. This paper analyses the impacts of maintaining the ban versus three options for a less environmentally stringent policy on the Czech energy system; fuel- and technology-mix, the costs of generating energy, emissions and related external costs up to 2050. We find that overall the effect of lifting the ban, on coal usage, air pollutant emissions and hence externalities is rather small, up to 1–2% compared to the level of keeping the ban. The small difference in the impacts remains even if changes in the prices of fossil fuels and European Emission Allowances or different development in nuclear power usage are assumed. In fact, changing these assumptions will result in more pronounced differences in the impacts than the four policy options might deliver. Maintaining the ban would not achieve the European Energy Roadmap 2050 target and the newly adopted policy and the other two counter-environmental proposals would miss the 80% reduction target to an even greater degree. The environmental and external health costs attributable to emissions of local air pollutants stemming from power generation are in a range of €26–32 billion over the whole period and decline from about 0.5% of gross domestic product in 2015 to 0.1% in 2050. Full article

(This article belongs to the Special Issue Energy Market Transitions)

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3080 KiB

Open AccessArticle

Designing a Model for the Global Energy System—GENeSYS-MOD: An Application of the Open-Source Energy Modeling System (OSeMOSYS)

by Konstantin Löffler, Karlo Hainsch, Thorsten Burandt, Pao-Yu Oei, Claudia Kemfert and Christian Von Hirschhausen

Energies 2017, 10(10), 1468; https://doi.org/10.3390/en10101468 - 22 Sep 2017

Cited by 127 | Viewed by 21220

Abstract

This paper develops a path for the global energy system up to 2050, presenting a new application of the open-source energy modeling system (OSeMOSYS) to the community. It allows quite disaggregate energy and emission analysis: Global Energy System Model (GENeSYS-MOD) uses a system of linear equations of the energy system to search for lowest-cost solutions for a secure energy supply, given externally defined constraints, mainly in terms of CO₂-emissions. The general algebraic modeling system (GAMS) version of OSeMOSYS is updated to the newest version and, in addition, extended and enhanced to include e.g., a modal split for transport, an improved trading system, and changes to storages. The model can be scaled from small-scale applications, e.g., a company, to cover the global energy system. The paper also includes an application of GENeSYS-MOD to analyze decarbonization scenarios at the global level, broken down into 10 regions. Its main focus is on interdependencies between traditionally segregated sectors: electricity, transportation, and heating; which are all included in the model. Model calculations suggests that in order to achieve the 1.5–2 °C target, a combination of renewable energy sources provides the lowest-cost solution, solar photovoltaic being the dominant source. Average costs of electricity generation in 2050 are about 4 €cents/kWh (excluding infrastructure and transportation costs). Full article

(This article belongs to the Special Issue Energy Market Transitions)

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2227 KiB

Open AccessArticle

User-Aware Electricity Price Optimization for the Competitive Market

by Allegra De Filippo, Michele Lombardi and Michela Milano

Energies 2017, 10(9), 1378; https://doi.org/10.3390/en10091378 - 11 Sep 2017

Cited by 16 | Viewed by 3688

Abstract

Demand response mechanisms and load control in the electricity market represent an important area of research at the international level: the trend towards competition and market liberalization has led to the development of methodologies and tools to support energy providers. Demand side management helps energy suppliers to reduce the peak demand and remodel load profiles. This work is intended to support energy suppliers and policy makers in developing strategies to act on the behavior of energy consumers, with the aim to make a more efficient use of energy. We develop a non-linear optimization model for the dynamics of the electricity market, which can be used to obtain tariff recommendations or for setting the goals of a sensibilization campaign. The model comes in two variants: a stochastic version, designed for residential electricity consumption, and a deterministic version, suitable for large electricity users (e.g., public buildings, industrial users). We have tested our model on data from the Italian energy market and performed an extensive analysis of different scenarios. We also tested the optimization model in a real setting in the context of the FP7 DAREED project (http://www.dareed.eu/), where the model has been employed to provide tariff recommendations or to help the identification of goals for local policies. Full article

(This article belongs to the Special Issue Energy Market Transitions)

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628 KiB

Open AccessArticle

The Importance of Government Effectiveness for Transitions toward Greater Electrification in Developing Countries

by Rohan Best and Paul J. Burke

Energies 2017, 10(9), 1247; https://doi.org/10.3390/en10091247 - 23 Aug 2017

Cited by 19 | Viewed by 5097

Abstract

Electricity is a vital factor underlying modern living standards, but there are many developing countries with low levels of electricity access and use. We seek to systematically identify the crucial elements underlying transitions toward greater electrification in developing countries. We use a cross-sectional regression approach with national-level data up to 2012 for 135 low- and middle-income countries. The paper finds that the effectiveness of governments is the most important governance attribute for encouraging the transition to increased electrification in developing countries, on average. The results add to the growing evidence on the importance of governance for development outcomes. Donors seeking to make more successful contributions to electrification may wish to target countries with more effective governments. Full article

(This article belongs to the Special Issue Energy Market Transitions)

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