Open AccessInter-entities symbiotic relationships with the use of multi-period methodology in energy planning
Author(s) -
Karen Gah Hie Kong,
Shirleen Lee Yuen Lo,
Bing Shen How,
Wei Dong Leong,
Jaka Sunarso
Publication year - 2021
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/1195/1/012011
Subject(s) - energy planning , constraint (computer aided design) , process (computing) , computer science , electricity , energy resources , energy (signal processing) , environmental economics , business , natural resource , environmental resource management , process management , operations research , renewable energy , economics , ecology , engineering , mechanical engineering , statistics , electrical engineering , mathematics , biology , operating system
The deficiency of natural resources and serious climate change have driven the global community to optimize energy planning using various process integration approaches. The inter-entities energy planning that allows internal sharing of resources poses a great potential to enhance energy planning. It is believed that the effective management of such relationships is crucial to gaining collaborative synergies, which provide economic benefits and minimize environmental impact. The developed inter-collaborated energy sharing model gives a handy lens to evaluate the effectiveness of the suggested inter-entities collaboration and how it provides economic benefits for the involved “players”. To demonstrate the economic viability of the inter-entities’ energy planning, an energy sharing model is developed and applied to an illustrative case study that involved two entities. The results show that, when energy sharing is enabled, the involved entities can reduce their monthly electricity bill by 16.72 % (MYR 14940.73) for entity 1 and 14.29 % (MYR 14218.50) for entity 2, with a 20 % carbon emission constraint limit.