District Energy Systems: Challenges and New Tools for Planning and Evaluation
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Kozlova, Mariia, 2017. "Real option valuation in renewable energy literature: Research focus, trends and design," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 180-196.
- Pedro Godinho, 2006. "Monte Carlo Estimation of Project Volatility for Real Options Analysis," GEMF Working Papers 2006-01, GEMF, Faculty of Economics, University of Coimbra.
- Frayer, Julia & Uludere, Nazli Z., 2001. "What Is It Worth? Application of Real Options Theory to the Valuation of Generation Assets," The Electricity Journal, Elsevier, vol. 14(8), pages 40-51, October.
- Schachter, J.A. & Mancarella, P., 2016. "A critical review of Real Options thinking for valuing investment flexibility in Smart Grids and low carbon energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 261-271.
- Kim, Kyeongseok & Park, Hyoungbae & Kim, Hyoungkwan, 2017. "Real options analysis for renewable energy investment decisions in developing countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 918-926.
- Lund, Henrik & Munster, Ebbe, 2006. "Integrated energy systems and local energy markets," Energy Policy, Elsevier, vol. 34(10), pages 1152-1160, July.
- Martínez Ceseña, E.A. & Mutale, J. & Rivas-Dávalos, F., 2013. "Real options theory applied to electricity generation projects: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 19(C), pages 573-581.
- Allegrini, Jonas & Orehounig, Kristina & Mavromatidis, Georgios & Ruesch, Florian & Dorer, Viktor & Evins, Ralph, 2015. "A review of modelling approaches and tools for the simulation of district-scale energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1391-1404.
- Baños, R. & Manzano-Agugliaro, F. & Montoya, F.G. & Gil, C. & Alcayde, A. & Gómez, J., 2011. "Optimization methods applied to renewable and sustainable energy: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(4), pages 1753-1766, May.
- Arnold, Uwe & Yildiz, Özgür, 2015. "Economic risk analysis of decentralized renewable energy infrastructures – A Monte Carlo Simulation approach," Renewable Energy, Elsevier, vol. 77(C), pages 227-239.
- Ren, Hongbo & Zhou, Weisheng & Nakagami, Ken'ichi & Gao, Weijun & Wu, Qiong, 2010. "Multi-objective optimization for the operation of distributed energy systems considering economic and environmental aspects," Applied Energy, Elsevier, vol. 87(12), pages 3642-3651, December.
- Mancarella, Pierluigi & Chicco, Gianfranco, 2009. "Global and local emission impact assessment of distributed cogeneration systems with partial-load models," Applied Energy, Elsevier, vol. 86(10), pages 2096-2106, October.
- Karlsson, Johan & Brunzell, Lena & Venkatesh, G., 2018. "Material-flow analysis, energy analysis, and partial environmental-LCA of a district-heating combined heat and power plant in Sweden," Energy, Elsevier, vol. 144(C), pages 31-40.
- Prakash, Prem & Khatod, Dheeraj K., 2016. "Optimal sizing and siting techniques for distributed generation in distribution systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 111-130.
- Yong Zeng & Yanpeng Cai & Guohe Huang & Jing Dai, 2011. "A Review on Optimization Modeling of Energy Systems Planning and GHG Emission Mitigation under Uncertainty," Energies, MDPI, vol. 4(10), pages 1-33, October.
- Carvalho, Monica & Lozano, Miguel A. & Serra, Luis M., 2012. "Multicriteria synthesis of trigeneration systems considering economic and environmental aspects," Applied Energy, Elsevier, vol. 91(1), pages 245-254.
- Ristimäki, Miro & Säynäjoki, Antti & Heinonen, Jukka & Junnila, Seppo, 2013. "Combining life cycle costing and life cycle assessment for an analysis of a new residential district energy system design," Energy, Elsevier, vol. 63(C), pages 168-179.
- Miao Li & Yiran Feng & Maojun Zhou & Hailin Mu & Longxi Li & Yajun Wang, 2019. "Economic and Environmental Optimization for Distributed Energy System Integrated with District Energy Network," Energies, MDPI, vol. 12(10), pages 1-19, May.
- Cherrelle Eid & Paul Codani & Yannick Perez & Javier Reneses & Rudi Hakvoort, 2016. "Managing electric flexibility from Distributed Energy Resources: A review of incentives for market design," Post-Print hal-01792419, HAL.
- Felix Böing & Anika Regett, 2019. "Hourly CO 2 Emission Factors and Marginal Costs of Energy Carriers in Future Multi-Energy Systems," Energies, MDPI, vol. 12(12), pages 1-32, June.
- Bo Tranberg & Olivier Corradi & Bruno Lajoie & Thomas Gibon & Iain Staffell & Gorm Bruun Andresen, 2018. "Real-Time Carbon Accounting Method for the European Electricity Markets," Papers 1812.06679, arXiv.org, revised May 2019.
- Kouhia, Mikko & Laukkanen, Timo & Holmberg, Henrik & Ahtila, Pekka, 2019. "Evaluation of design objectives in district heating system design," Energy, Elsevier, vol. 167(C), pages 369-378.
- Hall, Stephen & Roelich, Katy, 2016. "Business model innovation in electricity supply markets: The role of complex value in the United Kingdom," Energy Policy, Elsevier, vol. 92(C), pages 286-298.
- Lucas Schmeling & Patrik Schönfeldt & Peter Klement & Steffen Wehkamp & Benedikt Hanke & Carsten Agert, 2020. "Development of a Decision-Making Framework for Distributed Energy Systems in a German District," Energies, MDPI, vol. 13(3), pages 1-22, January.
- Chakrabarti, Auyon & Proeglhoef, Rafael & Turu, Gonzalo Bustos & Lambert, Romain & Mariaud, Arthur & Acha, Salvador & Markides, Christos N. & Shah, Nilay, 2019. "Optimisation and analysis of system integration between electric vehicles and UK decentralised energy schemes," Energy, Elsevier, vol. 176(C), pages 805-815.
- Buoro, D. & Casisi, M. & De Nardi, A. & Pinamonti, P. & Reini, M., 2013. "Multicriteria optimization of a distributed energy supply system for an industrial area," Energy, Elsevier, vol. 58(C), pages 128-137.
- Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
- Theo, Wai Lip & Lim, Jeng Shiun & Ho, Wai Shin & Hashim, Haslenda & Lee, Chew Tin, 2017. "Review of distributed generation (DG) system planning and optimisation techniques: Comparison of numerical and mathematical modelling methods," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 531-573.
- Simone Minniti & Niyam Haque & Phuong Nguyen & Guus Pemen, 2018. "Local Markets for Flexibility Trading: Key Stages and Enablers," Energies, MDPI, vol. 11(11), pages 1-21, November.
- Hettinga, Sanne & Nijkamp, Peter & Scholten, Henk, 2018. "A multi-stakeholder decision support system for local neighbourhood energy planning," Energy Policy, Elsevier, vol. 116(C), pages 277-288.
- Walker, Shalika & Labeodan, Timilehin & Boxem, Gert & Maassen, Wim & Zeiler, Wim, 2018. "An assessment methodology of sustainable energy transition scenarios for realizing energy neutral neighborhoods," Applied Energy, Elsevier, vol. 228(C), pages 2346-2360.
- Nadjemi, O. & Nacer, T. & Hamidat, A. & Salhi, H., 2017. "Optimal hybrid PV/wind energy system sizing: Application of cuckoo search algorithm for Algerian dairy farms," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 1352-1365.
- Eid, Cherrelle & Codani, Paul & Perez, Yannick & Reneses, Javier & Hakvoort, Rudi, 2016. "Managing electric flexibility from Distributed Energy Resources: A review of incentives for market design," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 237-247.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Mathias Lanezki & Catharina Siemer & Steffen Wehkamp, 2020. "“Changing the Game—Neighbourhood”: An Energy Transition Board Game, Developed in a Co-Design Process: A Case Study," Sustainability, MDPI, vol. 12(24), pages 1-18, December.
- Adrian Grimm & Patrik Schönfeldt & Herena Torio & Peter Klement & Benedikt Hanke & Karsten von Maydell & Carsten Agert, 2021. "Deduction of Optimal Control Strategies for a Sector-Coupled District Energy System," Energies, MDPI, vol. 14(21), pages 1-13, November.
- Jaume Fitó & Julien Ramousse, 2024. "Multi-Stakeholder Decision Support Based on Multicriteria Assessment: Application to Industrial Waste Heat Recovery for a District Heating Network in Grenoble, France," Energies, MDPI, vol. 17(9), pages 1-25, April.
- Gjorgievski, Vladimir Z. & Cundeva, Snezana & Georghiou, George E., 2021. "Social arrangements, technical designs and impacts of energy communities: A review," Renewable Energy, Elsevier, vol. 169(C), pages 1138-1156.
- Schmeling, Lucas & Schönfeldt, Patrik & Klement, Peter & Vorspel, Lena & Hanke, Benedikt & von Maydell, Karsten & Agert, Carsten, 2022. "A generalised optimal design methodology for distributed energy systems," Renewable Energy, Elsevier, vol. 200(C), pages 1223-1239.
- Rebeca Ramirez Acosta & Chathura Wanigasekara & Emilie Frost & Tobias Brandt & Sebastian Lehnhoff & Christof Büskens, 2023. "Integration of Intelligent Neighbourhood Grids to the German Distribution Grid: A Perspective," Energies, MDPI, vol. 16(11), pages 1-16, May.
- Peter Klement & Tobias Brandt & Lucas Schmeling & Antonieta Alcorta de Bronstein & Steffen Wehkamp & Fernando Andres Penaherrera Vaca & Mathias Lanezki & Patrik Schönfeldt & Alexander Hill & Nemanja K, 2022. "Local Energy Markets in Action: Smart Integration of National Markets, Distributed Energy Resources and Incentivisation to Promote Citizen Participation," Energies, MDPI, vol. 15(8), pages 1-24, April.
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.- Lucas Schmeling & Patrik Schönfeldt & Peter Klement & Steffen Wehkamp & Benedikt Hanke & Carsten Agert, 2020. "Development of a Decision-Making Framework for Distributed Energy Systems in a German District," Energies, MDPI, vol. 13(3), pages 1-22, January.
- Mavromatidis, Georgios & Orehounig, Kristina & Carmeliet, Jan, 2018. "A review of uncertainty characterisation approaches for the optimal design of distributed energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 88(C), pages 258-277.
- Mancarella, Pierluigi, 2014. "MES (multi-energy systems): An overview of concepts and evaluation models," Energy, Elsevier, vol. 65(C), pages 1-17.
- Schachter, J.A. & Mancarella, P., 2016. "A critical review of Real Options thinking for valuing investment flexibility in Smart Grids and low carbon energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 261-271.
- Theo, Wai Lip & Lim, Jeng Shiun & Ho, Wai Shin & Hashim, Haslenda & Lee, Chew Tin, 2017. "Review of distributed generation (DG) system planning and optimisation techniques: Comparison of numerical and mathematical modelling methods," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 531-573.
- Rae, Callum & Kerr, Sandy & Maroto-Valer, M. Mercedes, 2020. "Upscaling smart local energy systems: A review of technical barriers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 131(C).
- Andreolli, Francesca & D’Alpaos, Chiara & Moretto, Michele, 2022. "Valuing investments in domestic PV-Battery Systems under uncertainty," Energy Economics, Elsevier, vol. 106(C).
- Jiangang Shi & Kaifeng Duan & Shiping Wen & Rui Zhang, 2019. "Investment Valuation Model of Public Rental Housing PPP Project for Private Sector: A Real Option Perspective," Sustainability, MDPI, vol. 11(7), pages 1-18, March.
- Binod Prasad Koirala & José Pablo Chaves Ávila & Tomás Gómez & Rudi A. Hakvoort & Paulien M. Herder, 2016. "Local Alternative for Energy Supply: Performance Assessment of Integrated Community Energy Systems," Energies, MDPI, vol. 9(12), pages 1-24, November.
- Pringles, Rolando & Olsina, Fernando & Penizzotto, Franco, 2020. "Valuation of defer and relocation options in photovoltaic generation investments by a stochastic simulation-based method," Renewable Energy, Elsevier, vol. 151(C), pages 846-864.
- Bertolini, Marina & D'Alpaos, Chiara & Moretto, Michele, 2018. "Do Smart Grids boost investments in domestic PV plants? Evidence from the Italian electricity market," Energy, Elsevier, vol. 149(C), pages 890-902.
- Suberu, Mohammed Yekini & Mustafa, Mohd Wazir & Bashir, Nouruddeen & Muhamad, Nor Asiah & Mokhtar, Ahmad Safawi, 2013. "Power sector renewable energy integration for expanding access to electricity in sub-Saharan Africa," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 630-642.
- Danica Djurić Ilić, 2020. "Classification of Measures for Dealing with District Heating Load Variations—A Systematic Review," Energies, MDPI, vol. 14(1), pages 1-27, December.
- Penizzotto, F. & Pringles, R. & Olsina, F., 2019. "Real options valuation of photovoltaic power investments in existing buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 114(C), pages 1-1.
- Ping Shi & Bo Yan & Jun Zhao, 2020. "Appropriate timing for SMEs to introduce an Internet-based online channel under uncertain operating costs: a real options analysis," Electronic Commerce Research, Springer, vol. 20(4), pages 969-999, December.
- Sim, Jaehun & Kim, Chae-Soo, 2019. "The value of renewable energy research and development investments with default consideration," Renewable Energy, Elsevier, vol. 143(C), pages 530-539.
- Castellini, Marta & Menoncin, Francesco & Moretto, Michele & Vergalli, Sergio, 2021.
"Photovoltaic Smart Grids in the prosumers investment decisions: a real option model,"
Journal of Economic Dynamics and Control, Elsevier, vol. 126(C).
- Marta Castellini & Francesco Menoncin & Michele Moretto & Sergio Vergalli, 2019. "Photovoltaic Smart Grids in the Prosumers Investment Decisions: a Real Option Model," Working Papers 2019.28, Fondazione Eni Enrico Mattei.
- Castellini, Marta & Menoncin, Francesco & Moretto, Michele & Vergalli, Sergio, 2020. "Photovoltaic Smart Grids in the Prosumers Investment Decisions: a Real Option Model," ES: Economics for Sustainability 301034, Fondazione Eni Enrico Mattei (FEEM) > ES: Economics for Sustainability.
- Kozlova, Mariia, 2017. "Real option valuation in renewable energy literature: Research focus, trends and design," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 180-196.
- Eid, Cherrelle & Bollinger, L. Andrew & Koirala, Binod & Scholten, Daniel & Facchinetti, Emanuele & Lilliestam, Johan & Hakvoort, Rudi, 2016. "Market integration of local energy systems: Is local energy management compatible with European regulation for retail competition?," Energy, Elsevier, vol. 114(C), pages 913-922.
- Assereto, Martina & Byrne, Julie, 2021. "No real option for solar in Ireland: A real option valuation of utility scale solar investment in Ireland," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
More about this item
Keywords
district energy systems; energy system planning; building information modeling; heat grid simulation; flexibility valuation; local flexibility markets; emission valuation; flow tracing;All these keywords.
Statistics
Access and download statisticsCorrections
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:gam:jeners:v:13:y:2020:i:11:p:2967-:d:369389. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.