Marcin Malec

Mr. Marcin Malec

orcid

Research Focus & Metrics

Academic Career Length

8Years (2019-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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19 October 2021 in Energies
Verified
Journal Article
Open access
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Piotr W. SALUGAPiotr W. SALUGA
Piotr W. SALUGA
KZKrzysztof Zamasz
Krzysztof Zamasz
Zdzisława Dacko-PikiewiczZdzisława Dacko-Pikiewicz
Zdzisława Dacko-Pikiewicz
KSKatarzyna Szczepańska-Woszczyna
Katarzyna Szczepańska-Woszczyna
MMMarcin Malec
Marcin Malec
The concept of risk is well known in the energy sector. It is normally recognized when it comes to price and cost forecasting, annual production calculation, or evaluating project lifetime. Nevertheless, it should be pointed out that the quantitative evaluation of risk is usually difficult. The discount rate is the only parameter reflecting risk in the discounted cash flow analysis. Therefore, knowledge of the discount rate along with the major components affecting its level is of fundamental significance for making investment decisions, capital budgeting, and project management. By referring to the standard coal-fired power generation projects the authors of the paper tackle the analysis of the composition of discount rate for onshore wind farm technologies in the Polish conditions. The study was carried out on the basis of a typical (hypothetical) onshore wind farm project assessed at the feasibility stage. To enable comparisons and discussions, it was assumed that the best reference point for such purposes is the real risk-adjusted discount rate, RADR, after-tax, in all equity evaluations (the ‘bare bones’ assumption); that is because such a rate reflects the inherent characteristics of the project risk. The study methodology involves the a priori application of the discount rate level and subsequently—in an analytical way—calculation of its individual components. The starting point for the analysis of the RADR’s composition was the definition of risk, understood as the product of uncertainty and consequences. Then, the risk factors were adopted and level of uncertainty assessed. Subsequently, using the classical sensitivity analysis of IRR, the consequences (as slopes of sensitivity lines) were calculated. Consequently, risk portions in percentage forms were received. Eventually, relative risks and risk components within cost of equity were assessed. Apart from the characteristics of the discount rate at the feasibility stage, in the discussion section the study was supplemented with an analogous analysis of the project’s cost of equity at the operating stage.

27 August 2021 in Energies
Verified
Journal Article
Open access
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MMMarcin Malec
Marcin Malec
Grzegorz KinelskiGrzegorz Kinelski
Grzegorz Kinelski
MCMarzena Czarnecka
Marzena Czarnecka
The COVID-19 pandemic has caused changes in electricity demand and, consequently, electricity consumption profiles. Given the rapid changes in energy prices, it is significant from the perspective of energy companies, and forecasting consumed energy volume. A necessity for accurate energy volume planning forces the need for analyzing consumers’ behaviors during the pandemic, especially under lockdowns, to prepare for the possibility of another pandemic wave. Many business clients analyzed in the paper are economic entities functioning in sectors under restrictions. That is why analyzing the pandemic’s impact on the change in energy consumption profiles and volume of these entities is particularly meaningful. The article analyzes the pandemic and restrictions’ impact on the total change of energy consumption volume and demand profiles. The analysis was conducted basing on data collected from a Polish energy trading and sales company. It focused on the energy consumption of its corporate clients. Analyzed data included aggregated energy consumption volumes for all company’s customers and key groups of economic entities under restrictions. The analysis demonstrates the influence of pandemic restrictions on energy consumption in the group of business clients. Significant differences are observable among various sectors of the economy. The research proves that the largest drops in energy consumption are related to shopping centers and offices. Altogether, the restrictions have caused a 15–23% energy consumption drop during the first lockdown and a maximum 11% during the second against expected values.


8 March 2024 in Energies
Verified
Journal Article
Open access
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Pablo BenalcazarPablo Benalcazar
Pablo Benalcazar
MMMarcin Malec
Marcin Malec
PKPrzemysław Kaszyński
Przemysław Kaszyński
Jacek KamińskiJacek Kamiński
Jacek Kamiński
Piotr W. SALUGAPiotr W. SALUGA
Piotr W. SALUGA
In recent years, there has been an increasing urgency among energy-intensive companies to find innovative ways of mitigating the negative financial impacts of rising fuel and electricity prices. Consequently, companies are exploring new technological solutions to lower electricity costs, such as investing in their own power generation sources or storage systems. In this context, this article presents a data-driven optimization-based framework to manage and optimize the operation of a hybrid energy system within industries characterized by substantial power requirements. The framework encompasses several key aspects: electricity generation, self-consumption, storage, and electric grid interaction. The case of an energy-intensive company specializing in wood processing and office furniture production is evaluated. This study explored two system configurations of hybrid energy systems within an energy-intensive company. The result of the analyzed case shows that the system’s flexibility is enhanced by its ability to store energy, resulting in electricity cost savings of nearly 72% and total operating cost savings of 20%.

27 June 2025 in IEEE Access
Verified
Journal Article
Open access
Piotr PałkaPiotr Pałka
Piotr Pałka
TŚTomasz Śliwiński
Tomasz Śliwiński
PKPrzemysław Kaszyński
Przemysław Kaszyński
MKMarta Kuta
Marta Kuta
BRBogdan Ruszczak
Bogdan Ruszczak
Jacek KamińskiJacek Kamiński
Jacek Kamiński
The paper presents a novel approach to instant on-the-road electric vehicle charging scheduling planning. It benefits from a mixed-integer mathematical optimization model employed to efficiently select charging stations along the route. It also utilizes machine learning models to approximate the traction battery state of charge using data on driving conditions (energy, speed, travel time, etc.) for individual route sections, considering the driver’s habits and preferences. The research details the functional requirements of this procedure application and its architecture. A step-by-step description of the optimization model is provided, in particular, the constraints responsible for the non-linear model of charging time, the varying time zone-dependent trip parameters (including rush hours), as well as the used optimization criteria, and the scalarization methods. Unlike other existing methods, the combination of the aforementioned mixed-integer mathematical optimization model and machine learning predictors allows for consideration of several factors and adaptation to actual data. Experiments are carried out on the operation of the application, including very long routes (with the actual Warsaw-Zakopane, 412 km long test drives). The results show enhanced, satisfactory execution times, from 0.088 [s] (for a simple model without time zones and with a linear charging model) to 0.365 [s] (for a model without time zones and with a non-linear charging model).

7 April 2023 in Energies
Verified
Journal Article
Open access
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Piotr PałkaPiotr Pałka
Piotr Pałka
MMMarcin Malec
Marcin Malec
PKPrzemysław Kaszyński
Przemysław Kaszyński
Jacek KamińskiJacek Kamiński
Jacek Kamiński
Piotr W. SALUGAPiotr W. SALUGA
Piotr W. SALUGA
Investments in the development of the district heating system require a thorough analysis of the technical, economic, and legal aspects. Regarding the technical and economic context, a mathematical model of the district heating system has been proposed. It optimizes both the technical and economic aspects of the function and development of a district heating system. To deal with non-linearities, the developed linear programming model is divided into three phases: flow, thermal, and pressure. Therein, non-linear dependencies are calculated between the linear optimization phases. This paper presents the main assumptions and equations that were used to calculate the parameters of the heating system, along with the optimal level of heat production, the flow rate of the heating medium in the heat nodes and edges of the network graph, the heat, power, and temperature losses at each edge, and the purchase costs of heat and its transmission. The operation of the model was tested on a real-world district heating system. The case study results confirm that the model is effective and can be used in decision support. The economic results of the model, before the calibration process, were 3.6% different from historical values. After the calibration process, they were very similar to the real data—all percentage deviations were within 1%.