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The Demand Side in Economic Models of Energy Markets: The Challenge of Representing Consumer Behavior
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
 
ID 3346344
Author(s) Krysiak, Frank C.; Weigt, Hannes
Author(s) at UniBasel Weigt, Hannes
Krysiak, Frank Christian
Year 2015
Title The Demand Side in Economic Models of Energy Markets: The Challenge of Representing Consumer Behavior
Journal Frontiers in Energy Research
Volume 3
Pages / Article-Number 24
Abstract Energy models play an increasing role in the ongoing energy transition processes either as tools for forecasting potential developments or for assessments of policy and market design options. In recent years, these models have increased in scope and scale and provide a reasonable representation of the energy supply side, technological aspects and general macroeconomic interactions. However, the representation of the demand side and consumer behavior has remained rather simplistic. The objective of this paper is twofold. First, we review existing large-scale energy model approaches, namely bottom up and top-down models, with respect to their demand-side representation. Second, we identify gaps in existing approaches and draft potential pathways to account for a more detailed demand-side and behavior representation in energy modeling.
Publisher Frontiers
ISSN/ISBN 2296-598X
edoc-URL http://edoc.unibas.ch/40282/
Full Text on edoc No
Digital Object Identifier DOI 10.3389/fenrg.2015.00024
ISI-Number WOS:000218724600027
Document type (ISI) Article
 
   

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13/04/2024