This paper presents a model-based approach, which allows to determine the optimised structure and operation of the EU-15 electricity supply under different political and economic framework conditions, with a focus on the integration of renewable energy sources for electricity generation (RES-E)...

Many scenarios have been generated in the last years analysing the international energy market. The variety of these scenarios is manifold, as they are generated by different institutions using different methodological approaches and different framework assumptions. However, these scenarios can...

Wind power generation and its impacts on electricity prices has strongly increased in the EU. Therefore, appropriate mark-to-market evaluation of new investments in wind power and energy storage plants should consider the fluctuant generation of wind power and uncertain electricity prices, which...

Against the background of the ambitious German targets for renewable energy and energy efficiency, this paper investigates the economic potential for thermal load management with virtual power plants consisting of micro-cogeneration plants, heat pumps and thermal storage within the residential...

This paper evaluates different financial price and time series models, such as mean reversion, autoregressive moving average (ARMA), integrated ARMA (ARIMA) and general autoregressive conditional heteroscedasticity (GARCH) process, usually applied for electricity price simulations. However, as...

Cogeneration of heat and electricity constitutes an important pillar in energy and climate policy. The optimal dimensioning and operation of residential micro-combined heat and power (mCHP) systems is an important area of ongoing research, especially because these systems are prohibitively...