Forecast of power generation and heat production from renewable energy sources

The share of renewable energy sources (RES) in the end use of energy in the UE will increase from the present level of about 25% to 50 % in 2030 according to the assumptions of the European Commission. In Poland the RES Act was passed in 2015. The act defines mechanisms and instruments for supportin...

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Main Authors: Pydych Tadeusz, Szydłowski Mateusz, Sowiński Janusz
Format: Article
Language:English
Published: EDP Sciences 2017-01-01
Series:E3S Web of Conferences
Online Access:https://doi.org/10.1051/e3sconf/20171401012
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author Pydych Tadeusz
Szydłowski Mateusz
Sowiński Janusz
author_facet Pydych Tadeusz
Szydłowski Mateusz
Sowiński Janusz
author_sort Pydych Tadeusz
collection DOAJ
description The share of renewable energy sources (RES) in the end use of energy in the UE will increase from the present level of about 25% to 50 % in 2030 according to the assumptions of the European Commission. In Poland the RES Act was passed in 2015. The act defines mechanisms and instruments for supporting the production of electricity and heat from renewable energy sources. Statistics (2003–2014) of electricity generation and heat production from RES in Poland were used in the research. Because of amendments to regulations connected with promoting RES and the emissions trading system (ETS) as well as the uncertainty associated with further directions of the energy and environmental policy, generation of electricity and heat based on the use of RES must be modelled while taking risk into account. A number of dynamic processes incorporating random events may be modelled by stochastic equations using Ito calculus. By applying Euler’s method to solve stochastic differential equations (SDE), it is possible to simulate the development of the use of renewable energy carriers in electricity generation and heat production in the future.
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spelling doaj.art-18e9c7c6b5d14412a1d8ad1871a793292022-12-21T17:14:36ZengEDP SciencesE3S Web of Conferences2267-12422017-01-01140101210.1051/e3sconf/20171401012e3sconf_ef2017_01012Forecast of power generation and heat production from renewable energy sourcesPydych Tadeusz0Szydłowski Mateusz1Sowiński Janusz2Czestochowa University of Technology, Faculty of Electrical EngineeringCzestochowa University of Technology, Faculty of Electrical EngineeringCzestochowa University of Technology, Faculty of Electrical EngineeringThe share of renewable energy sources (RES) in the end use of energy in the UE will increase from the present level of about 25% to 50 % in 2030 according to the assumptions of the European Commission. In Poland the RES Act was passed in 2015. The act defines mechanisms and instruments for supporting the production of electricity and heat from renewable energy sources. Statistics (2003–2014) of electricity generation and heat production from RES in Poland were used in the research. Because of amendments to regulations connected with promoting RES and the emissions trading system (ETS) as well as the uncertainty associated with further directions of the energy and environmental policy, generation of electricity and heat based on the use of RES must be modelled while taking risk into account. A number of dynamic processes incorporating random events may be modelled by stochastic equations using Ito calculus. By applying Euler’s method to solve stochastic differential equations (SDE), it is possible to simulate the development of the use of renewable energy carriers in electricity generation and heat production in the future.https://doi.org/10.1051/e3sconf/20171401012
spellingShingle Pydych Tadeusz
Szydłowski Mateusz
Sowiński Janusz
Forecast of power generation and heat production from renewable energy sources
E3S Web of Conferences
title Forecast of power generation and heat production from renewable energy sources
title_full Forecast of power generation and heat production from renewable energy sources
title_fullStr Forecast of power generation and heat production from renewable energy sources
title_full_unstemmed Forecast of power generation and heat production from renewable energy sources
title_short Forecast of power generation and heat production from renewable energy sources
title_sort forecast of power generation and heat production from renewable energy sources
url https://doi.org/10.1051/e3sconf/20171401012
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AT szydłowskimateusz forecastofpowergenerationandheatproductionfromrenewableenergysources
AT sowinskijanusz forecastofpowergenerationandheatproductionfromrenewableenergysources