气候变化领域集成服务门户(CCPortal): The influences of non-optimal investments on the scale-up of smart local energy systems in the UK electricity market

CCPortal

DOI	10.1016/j.enpol.2022.113241
	The influences of non-optimal investments on the scale-up of smart local energy systems in the UK electricity market
	Li, Pei-Hao; Barazza, Elsa; Strachan, Neil
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	170 页码:11
英文摘要	Rapid and deep decarbonisation of electricity systems is critical in many pathways to meet net-zero emissions by 2050. Smart local energy systems (SLES) have been touted as key for both a rapid scale-up of renewable elec-tricity and flexibility for stability in decarbonised electricity systems. A novel agent-based model - incorporating local investor and governance agents, improved temporal resolution, and demand-side flexibility - was used to investigate strategic decision making in the scale-up of SLES. From the perspective of this model, key modelling insights include: SLES investors, initially supported by local governments, can successfully boost the uptake of renewable energy up to 80% of total generation; SLES scale-up significantly erodes the market share and prof-itability of incumbent utilities, however national level agents are still key for capital-intensive low carbon plants; Demand-side response facilitates balancing electricity supply and demand, but it can result in non-optimal policy agents postponing required incentives for heterogeneous investor agents to build new low carbon plants; Na-tional carbon prices (in conjunction with local SLES and technology support mechanisms) are needed to maintain overall system stability. Therefore, understanding the critical role of non-optimal investor decision making is key to fully understand the drivers and implications of a rapid scale-up of SLES.
英文关键词	Long-term decarbonisation; Electricity market; Smart local energy system (SLES); Non -optimal decision making; Investor heterogeneity; Agent -based model (ABM)
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000876937700007
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272103
作者单位	University of London; University College London
推荐引用方式 GB/T 7714	Li, Pei-Hao,Barazza, Elsa,Strachan, Neil. The influences of non-optimal investments on the scale-up of smart local energy systems in the UK electricity market[J],2022,170:11.
APA	Li, Pei-Hao,Barazza, Elsa,&Strachan, Neil.(2022).The influences of non-optimal investments on the scale-up of smart local energy systems in the UK electricity market.ENERGY POLICY,170,11.
MLA	Li, Pei-Hao,et al."The influences of non-optimal investments on the scale-up of smart local energy systems in the UK electricity market".ENERGY POLICY 170(2022):11.