Assessing the Plurality of Actors and Policy Interactions: Agent-Based Modelling of Renewable Energy Market Integration
The ongoing deployment of renewable energy sources (RES) calls for an enhanced integration of RES into energy markets, accompanied by a new set of regulations. In Germany, for instance, the feed-in tariff legislation for renewables has been successively replaced by first optional and then obligatory...
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| Format: | Article |
| Language: | English |
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Wiley
2017-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2017/7494313 |
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| _version_ | 1832568430477180928 |
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| author | Marc Deissenroth Martin Klein Kristina Nienhaus Matthias Reeg |
| author_facet | Marc Deissenroth Martin Klein Kristina Nienhaus Matthias Reeg |
| author_sort | Marc Deissenroth |
| collection | DOAJ |
| description | The ongoing deployment of renewable energy sources (RES) calls for an enhanced integration of RES into energy markets, accompanied by a new set of regulations. In Germany, for instance, the feed-in tariff legislation for renewables has been successively replaced by first optional and then obligatory marketing of RES on competitive wholesale markets. This paper introduces an agent-based model that allows studying the impact of changing energy policy instruments on the economic performance of RES operators and marketers. The model structure, its components, and linkages are presented in detail; an additional case study demonstrates the capability of our sociotechnical model. We find that changes in the political framework cannot be mapped directly to RES operators as behaviour of intermediary market actors has to be considered as well. Characteristics and strategies of intermediaries are thus an important factor for successful RES marketing and further deployment. It is shown that the model is able to assess the emergence and stability of market niches. |
| format | Article |
| id | doaj-art-573b8b1e36874c7094559f8bad4a2849 |
| institution | Kabale University |
| issn | 1076-2787 1099-0526 |
| language | English |
| publishDate | 2017-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-573b8b1e36874c7094559f8bad4a28492025-02-03T00:59:07ZengWileyComplexity1076-27871099-05262017-01-01201710.1155/2017/74943137494313Assessing the Plurality of Actors and Policy Interactions: Agent-Based Modelling of Renewable Energy Market IntegrationMarc Deissenroth0Martin Klein1Kristina Nienhaus2Matthias Reeg3German Aerospace Center, Institute of Engineering Thermodynamics, Department of Systems Analysis and Technology Assessment, Pfaffenwaldring 38-40, 70569 Stuttgart, GermanyGerman Aerospace Center, Institute of Engineering Thermodynamics, Department of Systems Analysis and Technology Assessment, Pfaffenwaldring 38-40, 70569 Stuttgart, GermanyGerman Aerospace Center, Institute of Engineering Thermodynamics, Department of Systems Analysis and Technology Assessment, Pfaffenwaldring 38-40, 70569 Stuttgart, GermanyGerman Aerospace Center, Institute of Engineering Thermodynamics, Department of Systems Analysis and Technology Assessment, Pfaffenwaldring 38-40, 70569 Stuttgart, GermanyThe ongoing deployment of renewable energy sources (RES) calls for an enhanced integration of RES into energy markets, accompanied by a new set of regulations. In Germany, for instance, the feed-in tariff legislation for renewables has been successively replaced by first optional and then obligatory marketing of RES on competitive wholesale markets. This paper introduces an agent-based model that allows studying the impact of changing energy policy instruments on the economic performance of RES operators and marketers. The model structure, its components, and linkages are presented in detail; an additional case study demonstrates the capability of our sociotechnical model. We find that changes in the political framework cannot be mapped directly to RES operators as behaviour of intermediary market actors has to be considered as well. Characteristics and strategies of intermediaries are thus an important factor for successful RES marketing and further deployment. It is shown that the model is able to assess the emergence and stability of market niches.http://dx.doi.org/10.1155/2017/7494313 |
| spellingShingle | Marc Deissenroth Martin Klein Kristina Nienhaus Matthias Reeg Assessing the Plurality of Actors and Policy Interactions: Agent-Based Modelling of Renewable Energy Market Integration Complexity |
| title | Assessing the Plurality of Actors and Policy Interactions: Agent-Based Modelling of Renewable Energy Market Integration |
| title_full | Assessing the Plurality of Actors and Policy Interactions: Agent-Based Modelling of Renewable Energy Market Integration |
| title_fullStr | Assessing the Plurality of Actors and Policy Interactions: Agent-Based Modelling of Renewable Energy Market Integration |
| title_full_unstemmed | Assessing the Plurality of Actors and Policy Interactions: Agent-Based Modelling of Renewable Energy Market Integration |
| title_short | Assessing the Plurality of Actors and Policy Interactions: Agent-Based Modelling of Renewable Energy Market Integration |
| title_sort | assessing the plurality of actors and policy interactions agent based modelling of renewable energy market integration |
| url | http://dx.doi.org/10.1155/2017/7494313 |
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