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Demand Response allows for the management of demand side resources in real-time; i.e. shifting electricity demand according to fluctuating supply. When integrated into electricity markets, Demand Response can be used for load shifting and as a replacement for both control reserve and balancing energy. These three usage scenarios are compared based on historic German data from 2011 to determine that...
As part of the worldwide effort towards achieving sustainable energy generation, an increasing share of renewable energy sources are connected to the electricity networks. This intermittent electricity output from renewable energy resources causes changes in prices and feed-in volumes. One approach to compensate for the supply side fluctuations is the active management of the demand side via so-called...
Several methodologies exist for evaluating the economic potential of renewable energy sources. These methodologies either cannot capture how this economic potential depends on its embedding in the whole energy mix, or provide a single cost-optimal energy mix, which is not flexible enough for building consensus among the relevant stakeholders. This article addresses these two limitations and introduces...
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