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Agent-Based Analysis of Financial Crisis Management Strategies to Enhance the Energy Transition in Germany

Author

Listed:
  • Tim Schell

    (Faculty of Process Engineering, Energy and Mechanical Systems, Cologne Institute for Renewable Energy, TH Köln, Betzdorfer Straße 2, 50679 Cologne, Germany)

  • Arjuna Nebel

    (Faculty of Process Engineering, Energy and Mechanical Systems, Cologne Institute for Renewable Energy, TH Köln, Betzdorfer Straße 2, 50679 Cologne, Germany)

Abstract

Crises appear to be occurring with increased frequency, whether provoked directly by human actions or through indirect causes such as resource scarcity or natural disasters. Crisis management strategies are frequently implemented with the aim of mitigating the immediate impacts of these crises. Nevertheless, it is critical to also consider the long-term consequences of such strategies. This study investigates both the short- and long-term effects of various crisis management strategies during a financial crisis in relation to the energy transition. An agent-based model of the German electricity sector is developed to analyze the effects of different strategies. The findings suggest that a reduction in electricity demand by 10% achieves the most favorable outcomes, decreasing short-term electricity costs by 11% and long-term carbon dioxide emissions by 9%.

Suggested Citation

  • Tim Schell & Arjuna Nebel, 2025. "Agent-Based Analysis of Financial Crisis Management Strategies to Enhance the Energy Transition in Germany," Energies, MDPI, vol. 18(5), pages 1-20, February.
    • Handle: RePEc:gam:jeners:v:18:y:2025:i:5:p:1083-:d:1597815
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    References listed on IDEAS

    as
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