Arkadiusz Wójcik
supervisor: Mateusz Malanowski
Over the last decades, new technologies have significantly changed the way information is transmitted and stored. Renewable energy sources have become prevalent and affordable. Cooperation of the Information and Communication Technology industry and Renewable Energy industry makes it possible to create a next generation, decentralized power grid.
In this context, the study seeks to identify benefits to the local economy as a result of the development of a decentralized electricity market. The general approach aims to integrate an economic analysis with externalities that are not quantifiable in monetary terms.
The simulation is the scientific basis for economic impact analysis. Various types of sources of energy have been taken into account: private wind farm, residential wind turbine, residential solar panels and private solar farms. Analysis of local geographic and economic conditions allowed creating a customized business model. Finally, the devised simulation outlines the expected rate of return on investment.