An agent-based model for energy service companies

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dc.contributor.authorRobinson, Marguerite-
dc.contributor.authorVarga, Liz-
dc.contributor.authorAllen, Peter-
dc.date.accessioned2015-03-29T04:01:38Z
dc.date.available2015-03-29T04:01:38Z
dc.date.issued2015-04-01T00:00:00Z-
dc.description.abstractThe residential housing sector is a major consumer of energy accounting for approximately one third of carbon emissions in the United Kingdom. Achieving a sustainable, low-carbon infrastructure necessitates a reduced and more efficient use of domestic energy supplies. Energy service companies offer an alternative to traditional providers, which supply a single utility product to satisfy the unconstrained demand of end users, and have been identified as a potentially important actor in sustainable future economies. An agent-based model is developed to examine the potential of energy service companies to contribute to the large scale upgrading of household energy efficiency, which would ultimately lead to a more sustainable and secure energy infrastructure. The migration of households towards energy service companies is described by an attractiveness array, through which potential customers can evaluate the future benefits, in terms of household energy costs, of changing provider. It is shown that self-financing is a limiting factor to the widespread upgrading of residential energy efficiency. Greater reductions in household energy costs could be achieved by committing to longer term contracts, allowing upgrade costs to be distributed over greater time intervals. A steadily increasing cost of future energy usage lends an element of stability to the market, with energy service companies displaying the ability to retain customers on contract expiration. The model highlights how a greater focus on the provision of energy services, as opposed to consumable products, presents a viable approach to reducing future energy costs and usage.en_UK
dc.identifier.citationMarguerite Robinson, Liz Varga and Peter Allen (2015). An agent-based model for energy service companies. Energy Conversion and Management, Volume 94, April 2015, pp233-244
dc.identifier.issn0196-8904-
dc.identifier.urihttp://dx.doi.org/10.1016/j.enconman.2015.01.057-
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/9181
dc.language.isoen_UK-
dc.publisherElsevier Science B.V., Amsterdam.en_UK
dc.rightsCC:BY 4.0 International -- Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
dc.subjectAgent-baseden_UK
dc.subjectComplex systemsen_UK
dc.subjectDomestic technologyen_UK
dc.subjectEnergy efficiencyen_UK
dc.subjectEnergy servicesen_UK
dc.subjectUtilitiesen_UK
dc.subjectEnergy infrastructuresen_UK
dc.subjectEnergy service companyen_UK
dc.subjectHousehold energy efficienciesen_UK
dc.subjectResidential energy.en_UK
dc.titleAn agent-based model for energy service companiesen_UK
dc.typeArticle-

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