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@ARTICLE{Schfer:888848,
      author       = {Schäfer, Pascal and Daun, Torben M. and Mitsos, Alexander},
      title        = {{D}o investments in flexibility enhance sustainability? {A}
                      simulative study considering the {G}erman electricity
                      sector},
      journal      = {AIChE journal},
      volume       = {66},
      number       = {11},
      issn         = {1547-5905},
      address      = {Hoboken, NJ},
      publisher    = {Wiley},
      reportid     = {FZJ-2020-05262},
      pages        = {e17010},
      year         = {2020},
      abstract     = {Current research concerning industrial demand side
                      management primarily focuses on monetary aspects. Herein, we
                      extend this perspective by assessing whether economically
                      driven measures increasing the flexibility also result in
                      reduced contributions to the residual load. For this
                      purpose, we conduct a simulative study using historic and
                      projected time series for the German electricity sector.
                      First, Fourier analysis are performed to show that the main
                      oscillation in the electricity price time series has a
                      period length of 12 hr, whereas the renewable generation is
                      primarily characterized by an oscillation with a period
                      length of 24 hr. Second, a generic process model with
                      capabilities for load shiftings is used to evaluate how the
                      fluctuation patterns can be exploited via scheduling
                      optimizations. Most importantly, our results demonstrate
                      that prevalent price fluctuations prevent adequate monetary
                      incentives for providing storage capacities for bridging up
                      to 24 hr, which are desired for reducing the residual
                      load.},
      cin          = {IEK-10},
      ddc          = {660},
      cid          = {I:(DE-Juel1)IEK-10-20170217},
      pnm          = {899 - ohne Topic (POF3-899)},
      pid          = {G:(DE-HGF)POF3-899},
      typ          = {PUB:(DE-HGF)16},
      UT           = {WOS:000563951800001},
      doi          = {10.1002/aic.17010},
      url          = {https://juser.fz-juelich.de/record/888848},
}