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Modeling the Value of Flexible Heat Pumps

Author

Listed:
  • Bjoern Felten
  • Christoph Weber

    (Chair for Management Sciences and Energy Economics, University of Duisburg-Essen (Campus Essen))

Abstract

Demand side management has been proposed as one means to improve integration of high shares of nondispatchable renewables-based electricity generation. Among other technologies, residential heat pumps are seen as suitable application for demand side management. Thus, we present a model of an air-water heat pump combined with a thermal energy storage. This heating system supplies heat to a floor-heated building. All subsystem dynamics (thermal energy storage, heating zone, water circuit of the floor heating, heated floor) are modeled in detail. That is dynamics are described by differential equations which are based on thermodynamic first principles. In terms of heat pump operation, we derive several model-predictive control strategies following different objectives. These strategies aim at the minimzation of electricity consumption, procurement prices or operational costs. The difference in operational costs of the flexible operation and of the non-optimized operation represents the value of this flexibility option. The model is designed to assess manifold technical set-ups and economic conditions and, thereby, lays the foundation for further detailed analyses.

Suggested Citation

  • Bjoern Felten & Christoph Weber, "undated". "Modeling the Value of Flexible Heat Pumps," EWL Working Papers 1709, University of Duisburg-Essen, Chair for Management Science and Energy Economics.
    • Handle: RePEc:dui:wpaper:1709
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    References listed on IDEAS

    as
    1. Petrović, Stefan N. & Karlsson, Kenneth B., 2016. "Residential heat pumps in the future Danish energy system," Energy, Elsevier, vol. 114(C), pages 787-797.
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    4. Gils, Hans Christian, 2014. "Assessment of the theoretical demand response potential in Europe," Energy, Elsevier, vol. 67(C), pages 1-18.
    5. Patteeuw, Dieter & Henze, Gregor P. & Helsen, Lieve, 2016. "Comparison of load shifting incentives for low-energy buildings with heat pumps to attain grid flexibility benefits," Applied Energy, Elsevier, vol. 167(C), pages 80-92.
    6. Fehrenbach, Daniel & Merkel, Erik & McKenna, Russell & Karl, Ute & Fichtner, Wolf, 2014. "On the economic potential for electric load management in the German residential heating sector – An optimising energy system model approach," Energy, Elsevier, vol. 71(C), pages 263-276.
    7. Bjoern Felten & Jessica Raasch & Christoph Weber, 2017. "Photovoltaics and Heat Pumps - Limitations of Local Pricing Mechanisms," EWL Working Papers 1702, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Feb 2017.
    8. Carvalho, Anabela Duarte & Mendrinos, Dimitris & De Almeida, Anibal T., 2015. "Ground source heat pump carbon emissions and primary energy reduction potential for heating in buildings in Europe—results of a case study in Portugal," Renewable and Sustainable Energy Reviews, Elsevier, vol. 45(C), pages 755-768.
    9. Mathiesen, B.V. & Lund, H. & Connolly, D. & Wenzel, H. & Østergaard, P.A. & Möller, B. & Nielsen, S. & Ridjan, I. & Karnøe, P. & Sperling, K. & Hvelplund, F.K., 2015. "Smart Energy Systems for coherent 100% renewable energy and transport solutions," Applied Energy, Elsevier, vol. 145(C), pages 139-154.
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    Cited by:

    1. Jessica Raasch, "undated". "Flexible Use of Residential Heat Pumps - Possibilities and Limits of Market Participation," EWL Working Papers 1802, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Mar 2018.

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    More about this item

    Keywords

    Heat Pump; Model-Predictive Control; Real-Time Pricing; Demand Side Management.;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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