IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i4p2311-d752078.html
   My bibliography  Save this article

The Human’s Comfort Mystery—Supporting Energy Transition with Light-Color Dimmable Room Lighting

Author

Listed:
  • Simon Wenninger

    (Project Group Business and Information Systems Engineering of the Fraunhofer FIT, 86159 Augsburg, Germany
    FIM Research Center, University of Applied Sciences Augsburg, 86159 Augsburg, Germany)

  • Christian Wiethe

    (Project Group Business and Information Systems Engineering of the Fraunhofer FIT, 86159 Augsburg, Germany)

Abstract

The constant increase of intermittent renewable energies in the electricity grid complicates balancing supply and demand. Thus, research focuses on solutions in demand-side management using energy flexibility to resolve this problem. However, the interface between demand-side management and human behavior is often insufficiently addressed, although further potential could be leveraged here. This paper elaborates on the effect of light color on humans’ temperature and comfort perception in connection to energy flexibility. Researchers have found that people perceive blue light as colder and red light as warmer. To this end, we evaluate the effect of light color in a case study for a German industrial facility assuming sector-coupled electric heating. We simulate the entire heating period from October to April in an hourly granularity, using the well-established real options analysis and binomial trees as a decision support system to heuristically minimize energy expenditures by utilizing deferral options when energy prices are high. Our results show a 12.5% reduction in heating costs for sector-coupled electric heating, which extrapolated leads to CO 2 -eq emission savings of over 34,000 tons per year for the entire German industry, thereby supporting the energy transition.

Suggested Citation

  • Simon Wenninger & Christian Wiethe, 2022. "The Human’s Comfort Mystery—Supporting Energy Transition with Light-Color Dimmable Room Lighting," Sustainability, MDPI, vol. 14(4), pages 1-10, February.
  • Handle: RePEc:gam:jsusta:v:14:y:2022:i:4:p:2311-:d:752078
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/4/2311/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/14/4/2311/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    2. Strüker, Jens & Weibelzahl, Martin & Körner, Marc-Fabian & Kießling, Axel & Franke-Sluijk, Ariette & Hermann, Mike, 2021. "Dekarbonisierung durch Digitalisierung: Thesen zur Transformation der Energiewirtschaft," Bayreuth Reports on Information Systems Management 67, University of Bayreuth, Chair of Information Systems Management.
    3. Pavel Tcvetkov, 2021. "Climate Policy Imbalance in the Energy Sector: Time to Focus on the Value of CO 2 Utilization," Energies, MDPI, vol. 14(2), pages 1-22, January.
    4. Simon Wenninger & Christian Wiethe, 2021. "Benchmarking Energy Quantification Methods to Predict Heating Energy Performance of Residential Buildings in Germany," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 63(3), pages 223-242, June.
    5. Fridgen, Gilbert & Keller, Robert & Körner, Marc-Fabian & Schöpf, Michael, 2020. "A holistic view on sector coupling," Energy Policy, Elsevier, vol. 147(C).
    6. Tehreem Nasir & Syed Sabir Hussain Bukhari & Safdar Raza & Hafiz Mudassir Munir & Muhammad Abrar & Hafiz Abd ul Muqeet & Kamran Liaquat Bhatti & Jong-Suk Ro & Rooha Masroor, 2021. "Recent Challenges and Methodologies in Smart Grid Demand Side Management: State-of-the-Art Literature Review," Mathematical Problems in Engineering, Hindawi, vol. 2021, pages 1-16, August.
    7. Ahlrichs, Jakob & Rockstuhl, Sebastian & Tränkler, Timm & Wenninger, Simon, 2020. "The impact of political instruments on building energy retrofits: A risk-integrated thermal Energy Hub approach," Energy Policy, Elsevier, vol. 147(C).
    8. Wenninger, Simon & Kaymakci, Can & Wiethe, Christian, 2022. "Explainable long-term building energy consumption prediction using QLattice," Applied Energy, Elsevier, vol. 308(C).
    9. Choi, Wonjae & Yoo, Eunji & Seol, Eunsu & Kim, Myoungsoo & Song, Han Ho, 2020. "Greenhouse gas emissions of conventional and alternative vehicles: Predictions based on energy policy analysis in South Korea," Applied Energy, Elsevier, vol. 265(C).
    10. Cox, John C. & Ross, Stephen A. & Rubinstein, Mark, 1979. "Option pricing: A simplified approach," Journal of Financial Economics, Elsevier, vol. 7(3), pages 229-263, September.
    11. Bruce Kogut & Nalin Kulatilaka, 1994. "Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network," Management Science, INFORMS, vol. 40(1), pages 123-139, January.
    12. Rockstuhl, Sebastian & Wenninger, Simon & Wiethe, Christian & Häckel, Björn, 2021. "Understanding the risk perception of energy efficiency investments: Investment perspective vs. energy bill perspective," Energy Policy, Elsevier, vol. 159(C).
    13. Lund, H. & Möller, B. & Mathiesen, B.V. & Dyrelund, A., 2010. "The role of district heating in future renewable energy systems," Energy, Elsevier, vol. 35(3), pages 1381-1390.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kim, Amy M. & Li, Huanan, 2020. "Incorporating the impacts of climate change in transportation infrastructure decision models," Transportation Research Part A: Policy and Practice, Elsevier, vol. 134(C), pages 271-287.
    2. Rockstuhl, Sebastian & Wenninger, Simon & Wiethe, Christian & Ahlrichs, Jakob, 2022. "The influence of risk perception on energy efficiency investments: Evidence from a German survey," Energy Policy, Elsevier, vol. 167(C).
    3. Wiethe, Christian & Wenninger, Simon, 2023. "The influence of building energy performance prediction accuracy on retrofit rates," Energy Policy, Elsevier, vol. 177(C).
    4. Akamatsu, Takashi & Nagae, Takeshi, 2011. "A network of options: Evaluating complex interdependent decisions under uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 35(5), pages 714-729, May.
    5. Lander, Diane M. & Pinches, George E., 1998. "Challenges to the Practical Implementation of Modeling and Valuing Real Options," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(3, Part 2), pages 537-567.
    6. Felipe Isaza Cuervo & Sergio Botero Boterob, 2014. "Aplicación de las opciones reales en la toma de decisiones en los mercados de electricidad," Estudios Gerenciales, Universidad Icesi, November.
    7. Jan Vlachý, 2009. "Strategie podniku a finanční teorie [Corporate strategy and financial theory]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(2), pages 147-162.
    8. Bellalah, Mondher, 2016. "Issues in real options with shadow costs of incomplete information and short sales," The Journal of Economic Asymmetries, Elsevier, vol. 13(C), pages 45-56.
    9. Pringles, Rolando & Olsina, Fernando & Penizzotto, Franco, 2020. "Valuation of defer and relocation options in photovoltaic generation investments by a stochastic simulation-based method," Renewable Energy, Elsevier, vol. 151(C), pages 846-864.
    10. Guedes, José & Santos, Pedro, 2016. "Valuing an offshore oil exploration and production project through real options analysis," Energy Economics, Elsevier, vol. 60(C), pages 377-386.
    11. Biancardi, Marta & Di Bari, Antonio & Villani, Giovanni, 2021. "R&D investment decision on smart cities: Energy sustainability and opportunity," Chaos, Solitons & Fractals, Elsevier, vol. 153(P2).
    12. Zhou, Xi & Xiao, Min & Wu, Huiying & You, Jiaxing, 2024. "Does policy uncertainty travel across borders? Evidence from MNC subsidiary investment decisions," Journal of Banking & Finance, Elsevier, vol. 163(C).
    13. Santos, Lúcia & Soares, Isabel & Mendes, Carla & Ferreira, Paula, 2014. "Real Options versus Traditional Methods to assess Renewable Energy Projects," Renewable Energy, Elsevier, vol. 68(C), pages 588-594.
    14. Manley, Bruce & Niquidet, Kurt, 2010. "What is the relevance of option pricing for forest valuation in New Zealand?," Forest Policy and Economics, Elsevier, vol. 12(4), pages 299-307, April.
    15. Dapena, Jose Pablo, 2003. "On the Valuation of Companies with Growth Opportunities," Journal of Applied Economics, Universidad del CEMA, vol. 6(1), pages 1-24, May.
    16. Joseph Y. J. Chow & Amelia C. Regan, 2011. "Real Option Pricing of Network Design Investments," Transportation Science, INFORMS, vol. 45(1), pages 50-63, February.
    17. Seiji Harikae & James S. Dyer & Tianyang Wang, 2021. "Valuing Real Options in the Volatile Real World," Production and Operations Management, Production and Operations Management Society, vol. 30(1), pages 171-189, January.
    18. Sina Atari & Yassine Bakkar & Eunice Omolola Olaniyi & Gunnar Prause, 2019. "Real options analysis of abatement investments for sulphur emission control compliance," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(3), pages 1062-1087, March.
    19. Jan Hendrik, Fisch, 2011. "Real call options to enlarge foreign subsidiaries - The moderating effect of irreversibility on the influence of economic volatility and political instability on subsequent FDI," Journal of World Business, Elsevier, vol. 46(4), pages 517-526, October.
    20. Kyle Hyndman & Alberto Bisin, 2022. "Procrastination, self-imposed deadlines and other commitment devices," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 74(3), pages 871-897, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:4:p:2311-:d:752078. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.