IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2021-04-47.html
   My bibliography  Save this article

Forecasting Impact of Demand Side Management on Malaysia s Power Generation using System Dynamic Approach

Author

Listed:
  • Muhammad Mutasim Billah Tufail

    (Department of Management Sciences, Bahria University, Karachi Campus, Pakistan,)

  • Mohd Nasrun Mohd Nawi

    (Disaster Management Institute, School of Technology Management and Logistics, Universiti Utara Malaysia, Malaysia,)

  • Akhtiar Ali

    (Wuhan University of Technology, China,)

  • Faizal Baharum

    (School of Housing, Building and Planning, Universiti Sains Malaysia, 11800, Penang, Malaysia,)

  • Mohamad Zamhari Tahir

    (Faculty of Business and Management, DRBHICOM University of Automotive Malaysia, 26607, Pekan, Pahang, Malaysia)

  • Anas Abdelsatar Mohammad Salameh

    (Department of Management Information Systems College of Business Administration, Prince Sattam bin Abdulaziz University, 165 Al-Kharj 11942, Saudi Arabia.)

Abstract

Rapid economic growth, increasing population, industrialization and high living standards have increased the electricity demand more than ever before. Efficient energy planning and management is always considered as the greatest challenge in all over the world. Among the other factors availability of electricity is the main bottleneck to the economic growth and industrial revolution. Considering this fact, it becomes necessary for academicians, government agencies and electricity companies to construct more efficient methodologies and procedures to predict long-term electricity demand. The objective of this article represents the initiative towards understanding and analyzing the importance of demand-side management (DSM) in forecasting electricity demand by using a system dynamics approach. This study examines the long term impact of demand-side management variables including HER (Home energy report), MEPS (Minimum Energy Performance Standards) and NEEAP (National Energy Efficiency Action Plan). The future installation capacity of Malaysia s power generation is evaluated considering the factors of population, per capita electricity consumption, efficiency, capacity margin and DSM. The forecasting horizon of the simulation model is 15 years from 2016 to 2030.

Suggested Citation

  • Muhammad Mutasim Billah Tufail & Mohd Nasrun Mohd Nawi & Akhtiar Ali & Faizal Baharum & Mohamad Zamhari Tahir & Anas Abdelsatar Mohammad Salameh, 2021. "Forecasting Impact of Demand Side Management on Malaysia s Power Generation using System Dynamic Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 412-418.
    • Handle: RePEc:eco:journ2:2021-04-47
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/9716/5937
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/9716/5937
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ahmad, Salman & Tahar, Razman Mat, 2014. "Selection of renewable energy sources for sustainable development of electricity generation system using analytic hierarchy process: A case of Malaysia," Renewable Energy, Elsevier, vol. 63(C), pages 458-466.
    2. Zhe Geng, 2021. "Russian Energy Strategies in the Natural Gas Market for Energy Security," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 62-66.
    3. Adinda Franky Nelwan & Rinaldy Dalimi & Chairul Hudaya, 2021. "A New Formula to Quantify the National Energy Security of the World s Top Ten Most Populous Nations," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 394-406.
    4. Uyeh Daniel Dooyum & Alexey Mikhaylov & Igor Varyash, 2020. "Energy Security Concept in Russia and South Korea," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 102-107.
    5. Ong, H.C. & Mahlia, T.M.I. & Masjuki, H.H., 2011. "A review on energy scenario and sustainable energy in Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 639-647, January.
    6. A. A. Hezri & Mohd. Nordin Hasan, 2006. "Towards sustainable development? The evolution of environmental policy in Malaysia," Natural Resources Forum, Blackwell Publishing, vol. 30(1), pages 37-50, February.
    7. Fitriyanti Mayasari & Rinaldy Dalimi & Widodo Wahyu Purwanto, 2019. "Projection of Biodiesel Production in Indonesia to Achieve National Mandatory Blending in 2025 using System Dynamics Modeling," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 421-429.
    8. Yosef Lefaan & Rinaldy Dalimi & Julius Ary Mollet, 2019. "Human Development Concept and Electrical System Simulation Using System Dynamics Model for Papua Province, Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 199-209.
    9. Oh, Tick Hui & Pang, Shen Yee & Chua, Shing Chyi, 2010. "Energy policy and alternative energy in Malaysia: Issues and challenges for sustainable growth," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(4), pages 1241-1252, May.
    10. Ali Mirchi & Kaveh Madani & David Watkins & Sajjad Ahmad, 2012. "Synthesis of System Dynamics Tools for Holistic Conceptualization of Water Resources Problems," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 26(9), pages 2421-2442, July.
    11. Höök, Mikael & Tang, Xu, 2013. "Depletion of fossil fuels and anthropogenic climate change—A review," Energy Policy, Elsevier, vol. 52(C), pages 797-809.
    12. Muhammad-Sukki, Firdaus & Munir, Abu Bakar & Ramirez-Iniguez, Roberto & Abu-Bakar, Siti Hawa & Mohd Yasin, Siti Hajar & McMeekin, Scott G. & Stewart, Brian G., 2012. "Solar photovoltaic in Malaysia: The way forward," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 5232-5244.
    13. Sovacool, Benjamin K. & Drupady, Ira Martina, 2011. "Examining the Small Renewable Energy Power (SREP) Program in Malaysia," Energy Policy, Elsevier, vol. 39(11), pages 7244-7256.
    14. Jafar, Abdul Hamid & Al-Amin, Abul Quasem & Siwar, Chamhuri, 2008. "Environmental impact of alternative fuel mix in electricity generation in Malaysia," Renewable Energy, Elsevier, vol. 33(10), pages 2229-2235.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wulfran Fendzi Mbasso & Reagan Jean Jacques Molu & Serge Raoul Dzonde Naoussi & Saatong Kenfack, 2022. "Demand-Supply Forecasting based on Deep Learning for Electricity Balance in Cameroon," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 99-103, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Koerner, Sonja Angelika & Siew, Wei Sian & Salema, Arshad Adam & Balan, Poovarasi & Mekhilef, Saad & Thavamoney, Nisha, 2022. "Energy policies shaping the solar photovoltaics business models in Malaysia with some insights on Covid-19 pandemic effect," Energy Policy, Elsevier, vol. 164(C).
    2. Ahmad, Salman & Tahar, Razman Mat, 2014. "Selection of renewable energy sources for sustainable development of electricity generation system using analytic hierarchy process: A case of Malaysia," Renewable Energy, Elsevier, vol. 63(C), pages 458-466.
    3. Shahmohammadi, M. Sadegh & Mohd. Yusuff, Rosnah & Keyhanian, Sina & Shakouri G., Hamed, 2015. "A decision support system for evaluating effects of Feed-in Tariff mechanism: Dynamic modeling of Malaysia’s electricity generation mix," Applied Energy, Elsevier, vol. 146(C), pages 217-229.
    4. Basri, Nor Afifah & Ramli, Ahmad Termizi & Aliyu, Abubakar Sadiq, 2015. "Malaysia energy strategy towards sustainability: A panoramic overview of the benefits and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 1094-1105.
    5. Abdeshahian, Peyman & Lim, Jeng Shiun & Ho, Wai Shin & Hashim, Haslenda & Lee, Chew Tin, 2016. "Potential of biogas production from farm animal waste in Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 714-723.
    6. Tang, Shengwen & Chen, Jingtao & Sun, Peigui & Li, Yang & Yu, Peng & Chen, E., 2019. "Current and future hydropower development in Southeast Asia countries (Malaysia, Indonesia, Thailand and Myanmar)," Energy Policy, Elsevier, vol. 129(C), pages 239-249.
    7. Fazeli, Alireza & Bakhtvar, Farzaneh & Jahanshaloo, Leila & Che Sidik, Nor Azwadi & Bayat, Ali Esfandyari, 2016. "Malaysia׳s stand on municipal solid waste conversion to energy: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 1007-1016.
    8. Ho, Lip-Wah, 2016. "Wind energy in Malaysia: Past, present and future," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 279-295.
    9. Yah, Nor F. & Oumer, Ahmed N. & Idris, Mat S., 2017. "Small scale hydro-power as a source of renewable energy in Malaysia: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 228-239.
    10. Khor, Cheng Seong & Lalchand, G., 2014. "A review on sustainable power generation in Malaysia to 2030: Historical perspective, current assessment, and future strategies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 29(C), pages 952-960.
    11. Kardooni, Roozbeh & Yusoff, Sumiani Binti & Kari, Fatimah Binti & Moeenizadeh, Leila, 2018. "Public opinion on renewable energy technologies and climate change in Peninsular Malaysia," Renewable Energy, Elsevier, vol. 116(PA), pages 659-668.
    12. Habib Hussain Khan & Nahla Samargandi & Adeel Ahmed, 2021. "Economic development, energy consumption, and climate change: An empirical account from Malaysia," Natural Resources Forum, Blackwell Publishing, vol. 45(4), pages 397-423, November.
    13. How, Bing Shen & Ngan, Sue Lin & Hong, Boon Hooi & Lam, Hon Loong & Ng, Wendy Pei Qin & Yusup, Suzana & Ghani, Wan Azlina Wan Abd Karim & Kansha, Yasuki & Chan, Yi Herng & Cheah, Kin Wai & Shahbaz, Mu, 2019. "An outlook of Malaysian biomass industry commercialisation: Perspectives and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 113(C), pages 1-1.
    14. Hannan, M.A. & Begum, R.A. & Abdolrasol, M.G. & Hossain Lipu, M.S. & Mohamed, A. & Rashid, M.M., 2018. "Review of baseline studies on energy policies and indicators in Malaysia for future sustainable energy development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 551-564.
    15. Ahmad, Salman & Tahar, Razman Mat & Muhammad-Sukki, Firdaus & Munir, Abu Bakar & Rahim, Ruzairi Abdul, 2015. "Role of feed-in tariff policy in promoting solar photovoltaic investments in Malaysia: A system dynamics approach," Energy, Elsevier, vol. 84(C), pages 808-815.
    16. Borhanazad, H. & Mekhilef, S. & Saidur, R. & Boroumandjazi, G., 2013. "Potential application of renewable energy for rural electrification in Malaysia," Renewable Energy, Elsevier, vol. 59(C), pages 210-219.
    17. Bilgili, Faik & Koçak, Emrah & Bulut, Ümit & Kuşkaya, Sevda, 2017. "Can biomass energy be an efficient policy tool for sustainable development?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 71(C), pages 830-845.
    18. Lau, Lin-Sea & Choong, Yuen-Onn & Wei, Chooi-Yi & Seow, Ai-Na & Choong, Chee-Keong & Senadjki, Abdelhak & Ching, Suet-Ling, 2020. "Investigating nonusers’ behavioural intention towards solar photovoltaic technology in Malaysia: The role of knowledge transmission and price value," Energy Policy, Elsevier, vol. 144(C).
    19. Samiran, Nor Afzanizam & Jaafar, Mohammad Nazri Mohd & Ng, Jo-Han & Lam, Su Shiung & Chong, Cheng Tung, 2016. "Progress in biomass gasification technique – With focus on Malaysian palm biomass for syngas production," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 1047-1062.
    20. Islam, Md Tasbirul & Huda, Nazmul & Saidur, R., 2019. "Current energy mix and techno-economic analysis of concentrating solar power (CSP) technologies in Malaysia," Renewable Energy, Elsevier, vol. 140(C), pages 789-806.

    More about this item

    Keywords

    Energy forecasting; System Dynamics; Energy efficiency; Energy Demand Side Management;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2021-04-47. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.