A new tool from the Institute of Energy Economics at the University of Cologne (EWI) can be used to analyze the effect of additional investments in energy efficiency and increased use of load management in industry. The effects on the results of the electricity market such as electricity costs and CO2 emissions in Germany and China can be calculated. This enables stakeholders from politics, industry and science to better evaluate investment decisions and policy options.
The simulation tool was developed as part of the study “A Comparative Analysis and Simulation of DSM and Energy Efficiency in Chinese and German Industry”. On behalf of the German Energy Agency (dena), the EWI investigates the potentials and regulatory requirements of load management and energy efficiency in the industries of Germany and China.
A calculation using the tool shows, for example, that the German cement industry could save around 103 kilotons of CO2 in 2030 through the use of load management. The underlying power generation structure and the assumptions regarding the technical feasibility of load management are presented transparently in the tool and can be freely adjusted. Thus, technical changes as well as adaptations of political objectives can be taken into account.
The research was carried out under the framework of the Sino-German Energy Transition Project. As part of the Sino-German Energy Partnership under the commission of the German Federal Ministry for Economic Affairs and Climate Action (BMWK), the Sino-German Energy Transition project supports the Chinese and German think tanks to strengthen the Sino-German scientific exchange on the energy transition and shares German energy transition experiences with a Chinese audience. The project aims to promote a low-carbon-oriented energy policy and help to build a more effective, low-carbon energy system in China through international cooperation and mutual benefit policy research and modeling.