scholarly journals Profitability of Prosumers According to Various Business Models—An Analysis in the Light of the COVID-19 Effect

Energies ◽  
2021 ◽  
Vol 14 (24) ◽  
pp. 8488
Author(s):  
Maciej Sołtysik ◽  
Mariusz Kozakiewicz ◽  
Jakub Jasiński
Keyword(s):  
Energy Demand ◽  
Business Models ◽  
Electricity Consumption ◽  
Sensitivity Analyses ◽  
The European Union ◽  
Economic Sectors ◽  
R Project ◽  
Development Paths ◽  
The Impact ◽  
The Eu

The European Union has set itself ambitious emission-reduction targets—becoming carbon neutral by 2050. The member states’ energy systems are increasingly switching to renewable and decentralized configurations, in line with the EU guidelines. This is accompanied by the support for “prosumers”—entities that both consume and generate renewable energy. In parallel, a number of prosumer support schemes are emerging as a result of the search for optimal development paths. At the same time, the COVID-19 pandemic has significantly affected the power market, causing huge anomalies mainly in demand and billing. The objective of the study was to assess the impact of the proposed changes in the prosumer schemes on the level of benefits prosumers obtained, including the performance of sensitivity analyses reflected in different levels and stability of electricity consumption resulting from extreme situations caused by the COVID-19 pandemic. Numerical computer simulations for five predefined prosumer support schemes were carried out in the R-project environment. The basic conclusion is that the prosumer benefits most from participating in the applicable discount mechanism, in which the unused energy is fed into a network storage, from which the prosumer can take 70% or 80% of the stored volume. The research also allows us to conclude that in Poland the COVID-19 pandemic has had a very significant impact on the level and profile of energy demand due to the introduction of restrictions on selected areas and economic sectors. The reduced demand is particularly visible in services (−58%), tourism and sport (−39%), and education (−19%). The analysis is an important contribution to the search for an optimal model of prosumer market development in Europe.

scholarly journals Comparative Assessment of the Impact of Electricity Consumption in Different Economic Sectors on the Economic Development of the EU Member States

Energies ◽  
2021 ◽  
Vol 14 (24) ◽  
pp. 8335
Author(s):  
Romualdas Ginevičius ◽  
Gracjana Noga ◽  
Eigirdas Žemaitis ◽  
Barbara Piontek ◽  
Karel Šuhajda
Keyword(s):  
Economic Development ◽  
Electricity Consumption ◽  
Successful Implementation ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
National Economic ◽  
National Economic Development ◽  
The Impact ◽  
The Eu

Recently, the Member States of the European Union (EU) have found themselves in a controversial situation. On the one hand, national economic development is barely possible without increasing electricity consumption, whereas on the other we are facing increased use of natural resources (coal, oil, gas, wood), thermal effects, pollution and risks to human health. The European Green Deal is a response to the currently observed negative trends. The strategy aims to accelerate the economic development of the EU Member States, thus reducing electricity consumption. Objectives may include both the national economy and the electricity generation sector by applying advanced technologies and introducing innovations that increase output efficiency while reducing electricity costs. Assessing the current situation is vital for the successful implementation of the European Green Deal, i.e., by comparing the impact of electricity consumption on the economic development of the Member States. Thus, combining indicators for national economic development and the extent of electricity consumption into a single aggregate is necessary because electricity greatly affects economic development. The proposed methodology allows dividing the analysed EU Member States into three groups, in line with the degree of national economic development and the scope of electricity consumption in their economy sectors.

Russia - European Union: The continuation ofthe sanctions standoff

2017 ◽  
pp. 114-127
Author(s):  
M. Klinova ◽  
E. Sidorova
Keyword(s):  
European Union ◽  
Economic Recession ◽  
Economic Sanctions ◽  
Current Data ◽  
The State ◽  
The European Union ◽  
The Impact ◽  
The Eu ◽  
Year 2013

The article deals with economic sanctions and their impact on the state and prospects of the neighboring partner economies - the European Union (EU) and Russia. It provides comparisons of current data with that of the year 2013 (before sanctions) to demonstrate the impact of sanctions on both sides. Despite the fact that Russia remains the EU’s key partner, it came out of the first three partners of the EU. The current economic recession is caused by different reasons, not only by sanctions. Both the EU and Russia have internal problems, which the sanctions confrontation only exacerbates. The article emphasizes the need for a speedy restoration of cooperation.

scholarly journals Impact of Passive Energy Efficiency Measures on Cooling Energy Demand in an Architectural Campus Building in Karachi, Pakistan

2021 ◽  
Vol 13 (13) ◽  
pp. 7251
Author(s):  
Mushk Bughio ◽  
Muhammad Shoaib Khan ◽  
Waqas Ahmed Mahar ◽  
Thorsten Schuetze
Keyword(s):  
Energy Efficiency ◽  
Energy Demand ◽  
Electricity Consumption ◽  
Information Modeling ◽  
Base Case ◽  
Energy Efficiency Measures ◽  
Efficiency Measures ◽  
The Impact ◽  
Cooling Energy Demand ◽  
Campus Building

Electric appliances for cooling and lighting are responsible for most of the increase in electricity consumption in Karachi, Pakistan. This study aims to investigate the impact of passive energy efficiency measures (PEEMs) on the potential reduction of indoor temperature and cooling energy demand of an architectural campus building (ACB) in Karachi, Pakistan. PEEMs focus on the building envelope’s design and construction, which is a key factor of influence on a building’s cooling energy demand. The existing architectural campus building was modeled using the building information modeling (BIM) software Autodesk Revit. Data related to the electricity consumption for cooling, building masses, occupancy conditions, utility bills, energy use intensity, as well as space types, were collected and analyzed to develop a virtual ACB model. The utility bill data were used to calibrate the DesignBuilder and EnergyPlus base case models of the existing ACB. The cooling energy demand was compared with different alternative building envelope compositions applied as PEEMs in the renovation of the existing exemplary ACB. Finally, cooling energy demand reduction potentials and the related potential electricity demand savings were determined. The quantification of the cooling energy demand facilitates the definition of the building’s electricity consumption benchmarks for cooling with specific technologies.

scholarly journals Tracking the Fate of Aluminium in the EU Using the MaTrace Model

Resources ◽  
2021 ◽  
Vol 10 (7) ◽  
pp. 72
Author(s):  
Gabriela Jarrín Jácome ◽  
María Fernanda Godoy León ◽  
Rodrigo A. F. Alvarenga ◽  
Jo Dewulf
Keyword(s):  
Secondary Production ◽  
Economic Importance ◽  
Baseline Scenario ◽  
Light Weight ◽  
The European Union ◽  
High Corrosion Resistance ◽  
Product Categories ◽  
The Impact ◽  
Selective Collection ◽  
The Eu

Aluminium is a metal of high economic importance for the European Union (EU), presenting unique properties (e.g., light weight and high corrosion resistance) and with applications in important sectors (e.g., transportation, construction and packaging). It is also known for its high recyclability potential, but relevant losses occur in its life cycle, compromising the amount of aluminium available for secondary production. A novel methodology that allows the identification of these losses and their impact on the aluminium flows in society is the MaTrace model. The objective of this article is to perform a dMFA of the secondary production of aluminium in the EU technosphere using the modified version of MaTrace, in order to estimate flows of the metal embedded in 12 product categories. Twelve scenarios were built in order to assess the impact of changes in policies, demand and technology. The flows were forecasted for a period of 25 years, starting in 2018. The results of the baseline scenario show that after 25 years, 24% of the initial material remains in use, 4% is hoarded by users, 10% has been exported and 61% has been physically lost. The main contributor to the losses is the non-selective collection of end-of-life products. The results of the different scenarios show that by increasing the collection-to-recycling rates of the 12 product categories, the aluminium that stays in use increase up to 32.8%, reaffirming that one way to keep the material in use is to improve the collection-to-recycling schemes in the EU.

scholarly journals Energy Performance Assessment of Innovative Building Solutions Coming from Construction and Demolition Waste Materials

Materials ◽  
2021 ◽  
Vol 14 (5) ◽  
pp. 1226
Author(s):  
Beatriz Fraga-De Cal ◽  
Antonio Garrido-Marijuan ◽  
Olaia Eguiarte ◽  
Beñat Arregi ◽  
Ander Romero-Amorrortu ◽  
...  
Keyword(s):  
Thermal Insulation ◽  
Energy Demand ◽  
Energy Savings ◽  
Flow Analysis ◽  
Weather Conditions ◽  
Energy Performance ◽  
Construction And Demolition Waste ◽  
The European Union ◽  
Demolition Waste ◽  
The Impact

Prefabricated solutions incorporating thermal insulation are increasingly adopted as an energy conservation measure for building renovation. The InnoWEE European project developed three technologies from Construction and Demolition Waste (CDW) materials through a manufacturing process that supports the circular economy strategy of the European Union. Two of them consisted of geopolymer panels incorporated into an External Thermal Insulation Composite System (ETICS) and a ventilated façade. This study evaluates their thermal performance by means of monitoring data from three pilot case studies in Greece, Italy, and Romania, and calibrated building simulation models enabling the reliable prediction of energy savings in different climates and use scenarios. Results showed a reduction in energy demand for all demo buildings, with annual energy savings up to 25% after placing the novel insulation solutions. However, savings are highly dependent on weather conditions since the panels affect cooling and heating loads differently. Finally, a parametric assessment is performed to assess the impact of insulation thickness through an energy performance prediction and a cash flow analysis.

scholarly journals New Plant Breeding Technologies: An Assessment of the Political Economy of the Regulatory Environment and Implications for Sustainability

2021 ◽  
Vol 13 (7) ◽  
pp. 3687
Author(s):  
Vincent Smith ◽  
Justus H. H. Wesseler ◽  
David Zilberman
Keyword(s):  
Political Economy ◽  
Sustainable Development ◽  
Development Policy ◽  
Regulatory Environment ◽  
The European Union ◽  
Policy Makers ◽  
International Policies ◽  
Modern Biotechnology ◽  
The Impact ◽  
The Eu

This perspective discusses the impact of political economy on the regulation of modern biotechnology. Modern biotechnology has contributed to sustainable development, but its potential has been underexplored and underutilized. We highlight the importance of the impacts of regulations for investments in modern biotechnology and argue that improvements are possible via international harmonization of approval processes. This development is urgently needed for improving sustainable development. Policy makers in the European Union (EU) in particular are challenged to rethink their approach to regulating modern biotechnology as their decisions have far ranging consequences beyond the boundaries of the EU and they have the power to influence international policies.

scholarly journals Interdependencies of Infrastructure Investment Decisions in Multi-Energy Systems—A Sensitivity Analysis for Urban Residential Areas

Smart Cities ◽  
2021 ◽  
Vol 4 (1) ◽  
pp. 112-145
Author(s):  
Daniel Then ◽  
Johannes Bauer ◽  
Tanja Kneiske ◽  
Martin Braun
Keyword(s):  
Sensitivity Analysis ◽  
Energy Demand ◽  
Business Models ◽  
Linear Optimization ◽  
Investment Decisions ◽  
Energy System ◽  
Mixed Integer ◽  
The European Union ◽  
Residential Areas ◽  
Mixed Integer Linear Optimization

Considering the European Union (EU) climate targets, the heating sector should be decarbonized by 80 to 95% up to 2050. Thus, the macro-trends forecast increasing energy efficiency and focus on the use of renewable gas or the electrification of heat generation. This has implications for the business models of urban electricity and in particular natural gas distribution network operators (DNOs): When the energy demand decreases, a disproportionately long grid is operated, which can cause a rise of grid charges and thus the gas price. This creates a situation in which a self-reinforcing feedback loop starts, which increases the risk of gas grid defection. We present a mixed integer linear optimization model to analyze the interdependencies between the electricity and gas DNOs’ and the building owners’ investment decisions during the transformation path. The results of the investigation in a real grid area are used to validate the simulation setup of a sensitivity analysis of 27 types of building collectives and five grid topologies, which provides a systematic insight into the interrelated system. Therefore, it is possible to identify building and grid configurations that increase the risk of a complete gas grid shutdown and those that should be operated as a flexibility option in a future renewable energy system.

Analyzing the impact of fossil fuel import reliance on electricity prices: The case of the Iberian Electricity Market

2017 ◽  
Vol 28 (7) ◽  
pp. 687-705 ◽  
Author(s):  
Blanca Moreno ◽  
María T García-Álvarez
Keyword(s):  
Carbon Dioxide ◽  
Electricity Market ◽  
Fossil Fuel ◽  
Carbon Dioxide Emission ◽  
High Energy ◽  
Electricity Production ◽  
The European Union ◽  
Electricity Prices ◽  
The Impact ◽  
The Eu

Spain and Portugal are highly dependent on energy from abroad, importing more than 70% of all the energy they consume. This high energy dependence could involve important effects on the level and stability of their electricity prices as a half the gross electricity generated in both countries came from power stations using imported combustible fuels (such as natural gas, coal and oil). In general, changes in the prices of these fossil fuels can directly affect household electricity prices, since generation costs are likely to be transmitted through to the wholesale electricity market. Moreover, in the framework of the European Union Emission Trading System, electricity production technologies tend to incorporate their costs of carbon dioxide emission allowances in sale offers with the consequent increase of the electricity prices. The objective of this paper is to analyze the influence of fossil fuel costs and prices of carbon dioxide emission allowances in the EU on the Spanish and Portuguese electricity prices. With this aim, a maximum entropy econometric approach is used. The obtained results indicate that not only the price of imported gas are very important in explaining Spanish and Portuguese electricity prices but also the price of carbon dioxide emission allowances in the EU.

scholarly journals Can the implementation of the Europe 2020 Strategy goals be efficient? The challenge for achieving social equality in the European Union

Equilibrium ◽  
2017 ◽  
Vol 12 (3) ◽  
Author(s):  
Michaela Stanickova
Keyword(s):  
European Union ◽  
Income Inequality ◽  
Labour Market ◽  
Social Inequality ◽  
The European Union ◽  
Social Equality ◽  
Europe 2020 ◽  
Europe 2020 Strategy ◽  
The Impact ◽  
The Eu

Research background: Economic crisis hit all the European Union Member States hard, with the impact of crisis varying considerably. The low growth performance in the EU has increased concerns regarding an increasing wage dispersion, income inequality at large, and social exclusion in line with poverty. Inequality should be seen as a cornerstone of both sustainable and inclusive growth under the Europe 2020 Strategy. Social inequality in the EU is a real problem, which hampers sustainable economic growth. Purpose of the article: The purpose of this study is to introduce evaluation of social development convergence and divergence trends between the EU Member States in the context of the Europe 2020 Strategy. The study gives an outline of the issues of the labour market and income disparities and poverty. Policymakers must be clear about what social objectives they are aiming to achieve, therefore special attention is paid to headline national goals of the Europe 2020 Strategy. Methods: The main task of this study is to assess social dimension and inequalities problems in the EU27 by applying Data Envelopment Analysis method, resp. time-series dynamic efficiency analysis in the form of output-oriented Malmquist Productivity Index. This study contains changes of key social equality indicators related to the Europe 2020 Strategy and compares objectives and general outlines of period 2010-2015, as well as the impact on national economics and living conditions. Findings & value added: Results contain elements of typology premises of the EU28 and point to a large diversity in inequality patterns, as the Author observes both increases and decreases in inequality at the EU level. Recent changes in social inequality have been associated with the business cycle, particularly with the accessibility of the labour market and, of course, with income inequality. Additionally, the development challenges are discussed for improvement of the socioeconomic well-being of the EU and to avoid social disparities.

scholarly journals Path to European quantum unicorns

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Markku Räsänen ◽  
Henrikki Mäkynen ◽  
Mikko Möttönen ◽  
Jan Goetz
Keyword(s):  
Quantum Computing ◽  
The United States ◽  
Current Status ◽  
The European Union ◽  
Successful Business ◽  
The Creation ◽  
Quantum Technology ◽  
The Impact ◽  
Future Growth ◽  
The Eu

AbstractQuantum computing holds the potential to deliver great economic prosperity to the European Union (EU). However, the creation of successful business in the field is challenging owing to the required extensive investments into postdoctoral-level workforce and sophisticated infrastructure without an existing market that can financially support these operations.This commentary paper reviews the recent efforts taken in the EU to foster the quantum-computing ecosystem together with its current status. Importantly, we propose concrete actions for the EU to take to enable future growth of this field towards the desired goals. In particular, we suggest ways to enable the creation of EU-based quantum-computing unicorns which may act as key crystallization points of quantum technology and its commercialization. These unicorns may provide stability to the otherwise scattered ecosystem, thus pushing forward global policies enabling the global spread of EU innovations and technologies.The unicorns may act as a conduit, through which the EU-based quantum ecosystem can stand out from similar ecosystems based in Asia and the United States. Such strong companies are required because of the level of investment currently required in the marketplace. This paper suggests methodologies and best practices that can enhance the probability of the creation of the unicorns.Furthermore, we explore future scenarios, in which the unicorns can operate from the EU and to support the EU quantum ecosystem. This exploration is conducted focusing on the steps to be taken and on the impact the companies may have in our opinion.

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