About FCN

  Group photo with employees of the institute

The Institute for Future Energy Consumer Needs and Behavior (FCN) encompasses the Chair of Energy Economics and Management (Prof. Dr. Reinhard Madlener) and the Chair for Energy System Economics (Prof. Dr. Aaron Praktiknjo). It is part of the AACSB-accredited RWTH School of Business and Economics and covers the socioeconomic and techno-economic research undertaken at the interdisciplinary E.ON Energy Research Center.

At FCN we focus on applied theoretical and empirical research in energy economics, management, and policy with a particular thematic focus on the adoption and diffusion of innovative technologies and on energy consumer needs and behavior. A major aim is to investigate sustainable energy development and evolving energy consumer needs, but also investment and user behavior under uncertainty. We explicitly account for the technological basis and changes thereof, and socio-economic, systemic and environmental aspects. The institute applies economic and management science theories and develops models to investigate the sustainable investment, production and use of energy. Research is undertaken both stand-alone and in collaboration with other social, engineering, and natural scientists. Explicit consideration of behavioral aspects and motives, attitudes and perceived needs of firms and private households, and the role of the government, is particularly taken into account.

Research Areas

  • Needs and behavior of technology-adopting and –using firms and households
  • Financing, risk management and portfolio aspects
  • Policy, regulatory, market design and other institutional issues
  • Economic, environmental and social impacts of new energy technologies & services
  • Multi-criteria evaluation of energy technologies and pathways
  • Quantitative, spatial, econometric and experimental analysis
  • Citizen energy communities and local energy markets
  • Energy system optimization and complexity management
  • Security of electricity supply

Teaching

  • (Advanced) Energy Economics
  • Climate Risk Management and Economics
  • Corporate Social Responsibility
  • Economics of Technical Change
  • Economics of Technological Diffusion
  • Energy System Analysis
  • Environmental Economics
  • Introduction to Energy Sectors
  • Smart Grid Economics and Management
  • Seminars in Behavioral Economics, Energy Economics, Competition in Energy Markets, and Energy Systemic Research (among others)

Selected Projects

  • BeNutz LaSA – Bessere Nutzung von Ladeinfrastruktur durch Smarte Anreizsysteme (funded by BMBF)
  • ENSURE 2 – Neue Energie Netz Strukturen für die Energiewende (Kopernikus project, funded by BMBF)
  • INVEST – Investitionsplan zur Finanzierung der Wärmewende für einkommensschwache Haushalte (funded by BMWK)
  • KIVi – Künstliche Intelligenz zur Untersuchung der Versorgungssicherheit mit Elektrizität (funded by BMWK)
  • MiFri 2023-2027 – EEG Mittelfristprognose zur deutschlandweiten Abgabe von Strommengen an Letztverbraucher für die Kalenderjahre 2023 bis 2027 (funded by German TSOs)
  • TransUrban.NRW – Transformation der netzgebundenen, urbanen Wärme- und Kälteversorgung mit intersektoralen Power-2-Heat Lösungen als Beitrag zum Strukturwandel in den Kohlerevieren NRWs (funded by BMWK)

Selected Recent Publications

  • Dittmar L., Praktiknjo A. (2019). Could Bitcoin Emissions Push Global Warming Above 2°C?, Nature Climate Change, 9, 656-657
  • Kockel C., Nolting L., Priesmann J., Praktiknjo A. (2022). Does Renewable Electricity Supply Match with Energy Demand? – A Spatio-Temporal Analysis for the German Case, Applied Energy, 308, 118226
  • Madlener R., Sheykhha S., Briglauer W. (2021). The Electricity- and CO2-Saving Potentials Offered by Regulation of European Video-Streaming Services, Energy Policy, 161, 112716
  • Priesmann J., Nolting L., Kockel C., Praktiknjo A. (2021). Time Series of Useful Energy Consumption Patterns for Energy System Modeling, Scientific Data, 8, 148
  • Sabadini F., Madlener R. (2021). The Economic Potential of Grid Defection of Energy Prosumer Households in Germany, Advances in Applied Energy, 4, 100075
  • Schreiner L., Madlener R. (2022). Investing in Power Grid Infrastructure as a Flexibility Option: A DSGE Assessment for Germany, Energy Economics, 107, 105843