Cost Uncertainties in Energy System Optimization Models: A Quadratic Programming Approach for Avoiding Penny Switching Effects

Designing the future energy supply in accordance with ambitious climate change mitigation goals is a challenging issue. Common tools for planning and calculating future investments in renewable and sustainable technologies are often linear energy system models based on cost optimization. However, in...

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Bibliographic Details
Published in:	Energies (Basel) Vol. 12; no. 20; p. 4006
Main Authors:	Lopion, Peter, Markewitz, Peter, Stolten, Detlef, Robinius, Martin
Format:	Journal Article
Language:	English
Published:	Basel MDPI AG 21.10.2019
Subjects:	Alternative energy sources Carbon Climate change Costs Emissions Energy industry energy system modeling Industrial plant emissions Linear programming Monte Carlo simulation Optimization Paris Agreement penny switching effect Power plants Process engineering Renewable resources robustness Turbines uncertainties Wind power United Kingdom > UK Belgium Germany
ISSN:	1996-1073, 1996-1073
Online Access:	Get full text
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