Renewable energy sources in European energy supply and interactions with emission trading
AbstractThis paper presents a model-based approach, which allows to determine the optimised structure and operation of the EU-15 electricity supply under different political and economic framework conditions, with a focus on the integration of renewable energy sources for electricity generation (RES-E) in the EU-15 countries. The approach is designed to take into account the characteristics of power production from both renewable and conventional sources, including the technological and economic characteristics of existing plants as well as those of future capacity expansion options. Beyond that, fuel supply structures are modelled, as well as the international markets for power and CO2-certificates with their restrictions. Thus, a profound evaluation of the exploitation of mid-term renewable potentials and an assessment of the market penetration of the various renewable power generation technologies under the (normative) premise of a cost-optimised evolution of the power system becomes possible. Results show that a promotion of renewable energies reduces the scarcity of CO2-emission allowances and thus lowers marginal costs of CO2 reduction up to 30% in 2030. Despite the higher overall costs, a diversification of the energy resource base by RES-E use is observed, as primarily natural gas and nuclear fuels are replaced.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 38 (2010)
Issue (Month): 6 (June)
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Web page: http://www.elsevier.com/locate/enpol
Electricity market modelling Renewable energy Emission trading;
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- Sensfuß, Frank & Ragwitz, Mario & Genoese, Massimo, 2008. "The merit-order effect: A detailed analysis of the price effect of renewable electricity generation on spot market prices in Germany," Energy Policy, Elsevier, vol. 36(8), pages 3076-3084, August.
- Bertsch, Joachim & Growitsch, Christian & Lorenczik, Stefan & Nagl, Stephan, 2013. "Flexibility in Europe's Power Sector - an Additional Requirement or an Automatic Complement?," EWI Working Papers 2013-10, Energiewirtschaftliches Institut an der Universitaet zu Koeln.
- Jägemann, Cosima, 2012. "Decarbonizing Europe’s power sector by 2050 - Analyzing the implications of alternative decarbonization pathways," EWI Working Papers 2012-13, Energiewirtschaftliches Institut an der Universitaet zu Koeln.
- Pina, André & Silva, Carlos & Ferrão, Paulo, 2011. "Modeling hourly electricity dynamics for policy making in long-term scenarios," Energy Policy, Elsevier, vol. 39(9), pages 4692-4702, September.
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