Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity Markets
Energy transitions are complex and involve interrelated changes in the socio-technical dimensions of society. One major barrier to renewable energy transitions is lock-in from the incumbent socio-technical regime. This study evaluates Energy Product–Service Systems (EPSS) as a renewable energy marke...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-03-01
|
| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/14/7/1877 |
| _version_ | 1797539598203617280 |
|---|---|
| author | Widha Kusumaningdyah Tetsuo Tezuka Benjamin C. McLellan |
| author_facet | Widha Kusumaningdyah Tetsuo Tezuka Benjamin C. McLellan |
| author_sort | Widha Kusumaningdyah |
| collection | DOAJ |
| description | Energy transitions are complex and involve interrelated changes in the socio-technical dimensions of society. One major barrier to renewable energy transitions is lock-in from the incumbent socio-technical regime. This study evaluates Energy Product–Service Systems (EPSS) as a renewable energy market mechanism. EPSS offer electricity service performance instead of energy products and appliances for household consumers. Through consumers buying the service, the provider company is enabled to choose, manage and control electrical appliances for best-matched service delivery. Given the heterogenous market players and future uncertainties, this study aims to identify the necessary conditions to achieve a sustainable renewable energy market. Simulation-Based Design for EPSS framework is implemented to assess various hypothetical market conditions’ impact on market efficiency in the short term and long term. The results reveal the specific market characteristics that have a higher chance of causing unexpected results. Ultimately, this paper demonstrates the advantage of implementing Simulation-Based Design for EPSS to design retail electricity markets for renewable energy under competing market mechanisms with heterogenous economic agents. |
| first_indexed | 2024-03-10T12:48:08Z |
| format | Article |
| id | doaj.art-285575c7c3a24c2f8f79f11c13c5153b |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T12:48:08Z |
| publishDate | 2021-03-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-285575c7c3a24c2f8f79f11c13c5153b2023-11-21T13:15:45ZengMDPI AGEnergies1996-10732021-03-01147187710.3390/en14071877Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity MarketsWidha Kusumaningdyah0Tetsuo Tezuka1Benjamin C. McLellan2Department of Industrial Engineering, Faculty of Engineering, University of Brawijaya, Malang 65145, IndonesiaGraduate School of Energy Science, Kyoto University, Kyoto 606-8501, JapanGraduate School of Energy Science, Kyoto University, Kyoto 606-8501, JapanEnergy transitions are complex and involve interrelated changes in the socio-technical dimensions of society. One major barrier to renewable energy transitions is lock-in from the incumbent socio-technical regime. This study evaluates Energy Product–Service Systems (EPSS) as a renewable energy market mechanism. EPSS offer electricity service performance instead of energy products and appliances for household consumers. Through consumers buying the service, the provider company is enabled to choose, manage and control electrical appliances for best-matched service delivery. Given the heterogenous market players and future uncertainties, this study aims to identify the necessary conditions to achieve a sustainable renewable energy market. Simulation-Based Design for EPSS framework is implemented to assess various hypothetical market conditions’ impact on market efficiency in the short term and long term. The results reveal the specific market characteristics that have a higher chance of causing unexpected results. Ultimately, this paper demonstrates the advantage of implementing Simulation-Based Design for EPSS to design retail electricity markets for renewable energy under competing market mechanisms with heterogenous economic agents.https://www.mdpi.com/1996-1073/14/7/1877Energy Product–Service Systemsrenewable energyenergy transitionretail market |
| spellingShingle | Widha Kusumaningdyah Tetsuo Tezuka Benjamin C. McLellan Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity Markets Energies Energy Product–Service Systems renewable energy energy transition retail market |
| title | Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity Markets |
| title_full | Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity Markets |
| title_fullStr | Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity Markets |
| title_full_unstemmed | Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity Markets |
| title_short | Investigating Preconditions for Sustainable Renewable Energy Product–Service Systems in Retail Electricity Markets |
| title_sort | investigating preconditions for sustainable renewable energy product service systems in retail electricity markets |
| topic | Energy Product–Service Systems renewable energy energy transition retail market |
| url | https://www.mdpi.com/1996-1073/14/7/1877 |
| work_keys_str_mv | AT widhakusumaningdyah investigatingpreconditionsforsustainablerenewableenergyproductservicesystemsinretailelectricitymarkets AT tetsuotezuka investigatingpreconditionsforsustainablerenewableenergyproductservicesystemsinretailelectricitymarkets AT benjamincmclellan investigatingpreconditionsforsustainablerenewableenergyproductservicesystemsinretailelectricitymarkets |