System Dynamics Model of Decentralized Household Electricity Storage Implementation: Case Study of Latvia Article Swipe
Armands Grāvelsiņš
,
Erlanda Atvare
,
Edgars Kudurs
,
Anna Kubule
,
Dagnija Blumberga
·
YOU?
·
· 2023
· Open Access
·
· DOI: https://doi.org/10.3390/smartcities6050115
YOU?
·
· 2023
· Open Access
·
· DOI: https://doi.org/10.3390/smartcities6050115
Increasing renewable energy share in total energy production is a direction that leads toward the European Union’s aims of carbon neutrality by 2050, as well as increasing energy self-sufficiency and independence. Some of the main challenges to increasing renewable energy share while providing an efficient and secure energy supply are related to the optimization and profitability of de-centralized energy production systems. Integration of energy storage systems in addition to decentralized renewable energy production, for example, by solar panels, leads to more effective electricity supply and smart energy solutions. The modeling of such a complex dynamic system can be performed using the system dynamics method. The main aim of this research is to build and validate the basic structure of the system dynamics model for PV and battery diffusion in the household sector. A system dynamics model predicting the implementation of battery storage in private households was created for the case study of Latvia. Modeling results reveal that under the right conditions for electricity price and investment costs and with the right policy interventions, battery storage technologies combined with PV panels have a high potential for utilization in the household sector. Model results show that in a baseline scenario with no additional policies, up to 21,422 households or 10.8% of Latvian households could have combined PV and battery systems installed in 2050. Moderate subsidy policy can help to increase this number up to 25,118.
Related Topics
Concepts
Renewable energy
Environmental economics
System dynamics
Subsidy
Net metering
Electricity
Energy storage
Profitability index
Photovoltaic system
Business
Distributed generation
Economics
Computer science
Engineering
Finance
Market economy
Electrical engineering
Artificial intelligence
Quantum mechanics
Physics
Power (physics)
Metadata
- Type
- article
- Language
- en
- Landing Page
- https://doi.org/10.3390/smartcities6050115
- https://www.mdpi.com/2624-6511/6/5/115/pdf?version=1695713338
- OA Status
- gold
- Cited By
- 2
- References
- 33
- Related Works
- 10
- OpenAlex ID
- https://openalex.org/W4387048142
All OpenAlex metadata
Raw OpenAlex JSON
- OpenAlex ID
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https://openalex.org/W4387048142Canonical identifier for this work in OpenAlex
- DOI
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https://doi.org/10.3390/smartcities6050115Digital Object Identifier
- Title
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System Dynamics Model of Decentralized Household Electricity Storage Implementation: Case Study of LatviaWork title
- Type
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articleOpenAlex work type
- Language
-
enPrimary language
- Publication year
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2023Year of publication
- Publication date
-
2023-09-25Full publication date if available
- Authors
-
Armands Grāvelsiņš, Erlanda Atvare, Edgars Kudurs, Anna Kubule, Dagnija BlumbergaList of authors in order
- Landing page
-
https://doi.org/10.3390/smartcities6050115Publisher landing page
- PDF URL
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https://www.mdpi.com/2624-6511/6/5/115/pdf?version=1695713338Direct link to full text PDF
- Open access
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YesWhether a free full text is available
- OA status
-
goldOpen access status per OpenAlex
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https://www.mdpi.com/2624-6511/6/5/115/pdf?version=1695713338Direct OA link when available
- Concepts
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Renewable energy, Environmental economics, System dynamics, Subsidy, Net metering, Electricity, Energy storage, Profitability index, Photovoltaic system, Business, Distributed generation, Economics, Computer science, Engineering, Finance, Market economy, Electrical engineering, Artificial intelligence, Quantum mechanics, Physics, Power (physics)Top concepts (fields/topics) attached by OpenAlex
- Cited by
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2Total citation count in OpenAlex
- Citations by year (recent)
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2024: 1, 2023: 1Per-year citation counts (last 5 years)
- References (count)
-
33Number of works referenced by this work
- Related works (count)
-
10Other works algorithmically related by OpenAlex
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