Aggregators’ business models for flexibility from electricity consumers

In order to limit the amount of greenhouse gas emission, transitioning to renewable energy sources (RES) is critical. However, integrating RES in the existing power system is not straightforward since RES possess variable and uncertain characteristics. Due to these characteristics, as the penetration of RES increases, maintaining the balance...

Incorporating institutions into optimization-based energy system models

The pledge for a carbon-free energy system in 2050 requires significant investments into renewable energy sources (RES). The relevant questions are: what technologies to select, where to build them, how much the capacities are, and at what cost. In order to answer these techno-economic questions, optimization models are commonly used to sketch a...