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Lotka-Volterra models for the market penetration of renewable energy.

ABSTRACT: We studied trend models for the energy and electricity markets and compared their complexity. Was it associated to the ease of policy interventions to control these markets? Using open data, we applied Lotka-Volterra type models to describe the evolution of the market shares of renewable energy and of electricity from renewable sources and observed that for the latter data more complex models were needed. We then searched for characteristics and anomalies in these models that might indicate immunity to and susceptibility for policy interventions towards reaching carbon neutrality, respectively. However, the evidence linking complexity and receptiveness for policy interventions remained weak.

SUBMITTER: Brunner N

PROVIDER: S-EPMC10711125 | biostudies-literature | 2023 Dec

REPOSITORIES: biostudies-literature

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Lotka-Volterra models for the market penetration of renewable energy.

Brunner Norbert N Straßegger Doris D

Heliyon 20231123 12

We studied trend models for the energy and electricity markets and compared their complexity. Was it associated to the ease of policy interventions to control these markets? Using open data, we applied Lotka-Volterra type models to describe the evolution of the market shares of renewable energy and of electricity from renewable sources and observed that for the latter data more complex models were needed. We then searched for characteristics and anomalies in these models that might indicate immu ...[more]

PMID: 38090002

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