IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v15y2022i4p1392-d749326.html
   My bibliography  Save this article

Modelling the Potential Impacts of Nuclear Energy and Renewables in the Turkish Energy System

Author

Listed:
  • Ozan Korkmaz

    (Energy Institute, Istanbul Technical University, Istanbul 34469, Turkey)

  • Bihrat Önöz

    (Energy Institute, Istanbul Technical University, Istanbul 34469, Turkey)

Abstract

With heightening global concerns about the impacts of climate change, the debate around different carbon mitigation options is gaining momentum. A widespread argument is between those for and against utilizing nuclear energy as a low-carbon energy source. This debate is also relevant for Turkey, a country that is set to introduce nuclear energy to its electricity generation mix over the coming years. The purpose of the study is to assess the potential merits and drawbacks of the utilization of nuclear energy in the country versus the increased utilization of renewable energy sources. A fundamental merit order model is used for modeling the Turkish electricity market until 2025 under three scenarios. The comparative effects of renewable energy sources and nuclear energy are evaluated in terms of their impact on electricity generation costs, CO 2 emissions and energy security. The results of the study show that the increased utilization of renewable energy has a more effective role in achieving the country’s energy targets in comparison to nuclear energy.

Suggested Citation

  • Ozan Korkmaz & Bihrat Önöz, 2022. "Modelling the Potential Impacts of Nuclear Energy and Renewables in the Turkish Energy System," Energies, MDPI, vol. 15(4), pages 1-25, February.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:4:p:1392-:d:749326
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/15/4/1392/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/15/4/1392/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kallabis, Thomas & Pape, Christian & Weber, Christoph, 2016. "The plunge in German electricity futures prices – Analysis using a parsimonious fundamental model," Energy Policy, Elsevier, vol. 95(C), pages 280-290.
    2. Thure Traber & Claudia Kemfert, 2012. "German Nuclear Phase-out Policy: Effects on European Electricity Wholesale Prices, Emission Prices, Conventional Power Plant Investments and Eletricity Trade," Discussion Papers of DIW Berlin 1219, DIW Berlin, German Institute for Economic Research.
    3. Mills, Andrew & Wiser, Ryan & Millstein, Dev & Carvallo, Juan Pablo & Gorman, Will & Seel, Joachim & Jeong, Seongeun, 2021. "The impact of wind, solar, and other factors on the decline in wholesale power prices in the United States," Applied Energy, Elsevier, vol. 283(C).
    4. Luňáčková, Petra & Průša, Jan & Janda, Karel, 2017. "The merit order effect of Czech photovoltaic plants," Energy Policy, Elsevier, vol. 106(C), pages 138-147.
    5. Andersson, Bo & Haden, Erik, 1997. "Power production and the price of electricity: an analysis of a phase-out of Swedish nuclear power," Energy Policy, Elsevier, vol. 25(13), pages 1051-1064, November.
    6. Nestle, Uwe, 2012. "Does the use of nuclear power lead to lower electricity prices? An analysis of the debate in Germany with an international perspective," Energy Policy, Elsevier, vol. 41(C), pages 152-160.
    7. Shirizadeh, Behrang & Quirion, Philippe, 2021. "Low-carbon options for the French power sector: What role for renewables, nuclear energy and carbon capture and storage?," Energy Economics, Elsevier, vol. 95(C).
    8. Yilan, Gülşah & Kadirgan, M.A. Neşet & Çiftçioğlu, Gökçen A., 2020. "Analysis of electricity generation options for sustainable energy decision making: The case of Turkey," Renewable Energy, Elsevier, vol. 146(C), pages 519-529.
    9. Cany, C. & Mansilla, C. & Mathonnière, G. & da Costa, P., 2018. "Nuclear contribution to the penetration of variable renewable energy sources in a French decarbonised power mix," Energy, Elsevier, vol. 150(C), pages 544-555.
    10. Bruninx, Kenneth & Madzharov, Darin & Delarue, Erik & D'haeseleer, William, 2013. "Impact of the German nuclear phase-out on Europe's electricity generation—A comprehensive study," Energy Policy, Elsevier, vol. 60(C), pages 251-261.
    11. Eike Blume-Werry & Thomas Faber & Lion Hirth & Claus Huber & Martin Everts, 2018. "Eyes on the Price: Which Power Generation Technologies Set the Market Price? Price Setting in European Electricity Markets: An Application to the Proposed Dutch Carbon Price Floor," Working Papers 2018.34, Fondazione Eni Enrico Mattei.
    12. Lion Hirth, 2018. "What caused the drop in European electricity prices? A factor decomposition analysis," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
    13. Rehner, Robert & McCauley, Darren, 2016. "Security, justice and the energy crossroads: Assessing the implications of the nuclear phase-out in Germany," Energy Policy, Elsevier, vol. 88(C), pages 289-298.
    14. Katarzyna Zawalińska & Jouko Kinnunen & Piotr Gradziuk & Dorota Celińska-Janowicz, 2020. "To Whom Should We Grant a Power Plant? Economic Effects of Investment in Nuclear Energy in Poland," Energies, MDPI, vol. 13(11), pages 1-26, May.
    15. Petra Lunackova & Jan Prusa & Karel Janda, 2017. "The merit order effect of Czech renewable energy," CAMA Working Papers 2017-17, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    16. Beran, Philip & Pape, Christian & Weber, Christoph, 2019. "Modelling German electricity wholesale spot prices with a parsimonious fundamental model – Validation & application," Utilities Policy, Elsevier, vol. 58(C), pages 27-39.
    17. Kan, Xiaoming & Hedenus, Fredrik & Reichenberg, Lina, 2020. "The cost of a future low-carbon electricity system without nuclear power – the case of Sweden," Energy, Elsevier, vol. 195(C).
    18. Gillich, Annika & Hufendiek, Kai & Klempp, Nikolai, 2020. "Extended policy mix in the power sector: How a coal phase-out redistributes costs and profits among power plants," Energy Policy, Elsevier, vol. 147(C).
    19. Karl Frauendorfer & Florentina Paraschiv & Michael Schürle, 2018. "Cross-Border Effects on Swiss Electricity Prices in the Light of the Energy Transition," Energies, MDPI, vol. 11(9), pages 1-30, August.
    20. Nakata, T, 2002. "Analysis of the impacts of nuclear phase-out on energy systems in Japan," Energy, Elsevier, vol. 27(4), pages 363-377.
    21. Janusz Gierszewski & Łukasz Młynarkiewicz & Tomasz R. Nowacki & Jacek Dworzecki, 2021. "Nuclear Power in Poland’s Energy Transition," Energies, MDPI, vol. 14(12), pages 1-25, June.
    22. Sylwia Mrozowska & Jan A. Wendt & Krzysztof Tomaszewski, 2021. "The Challenges of Poland’s Energy Transition," Energies, MDPI, vol. 14(23), pages 1-22, December.
    23. Paraschiv, Florentina & Erni, David & Pietsch, Ralf, 2014. "The impact of renewable energies on EEX day-ahead electricity prices," Energy Policy, Elsevier, vol. 73(C), pages 196-210.
    24. Percebois, Jacques & Pommeret, Stanislas, 2019. "Storage cost induced by a large substitution of nuclear by intermittent renewable energies: The French case," Energy Policy, Elsevier, vol. 135(C).
    25. Bode, Sven, 2009. "Nucs down in Germany--Prices up in Europe?," Energy Policy, Elsevier, vol. 37(7), pages 2492-2497, July.
    26. Goh, Tian & Ang, B.W., 2018. "Quantifying CO2 emission reductions from renewables and nuclear energy – Some paradoxes," Energy Policy, Elsevier, vol. 113(C), pages 651-662.
    27. Michaela Fursch & Dietmar Lindenberger & Raimund Malischek & Stephan Nagl & Timo Panke & Johannes Truby, 2012. "German Nuclear Policy Reconsidered: Implications for the Electricity Market," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 3).
    28. Alasseur, C. & Féron, O., 2018. "Structural price model for coupled electricity markets," Energy Economics, Elsevier, vol. 75(C), pages 104-119.
    29. Stelios Loumakis & Eugenia Giannini & Zacharias Maroulis, 2019. "Merit Order Effect Modeling: The Case of the Hellenic Electricity Market," Energies, MDPI, vol. 12(20), pages 1-20, October.
    30. Pape, Christian & Hagemann, Simon & Weber, Christoph, 2016. "Are fundamentals enough? Explaining price variations in the German day-ahead and intraday power market," Energy Economics, Elsevier, vol. 54(C), pages 376-387.
    31. Khosravi, A. & Olkkonen, V. & Farsaei, A. & Syri, S., 2020. "Replacing hard coal with wind and nuclear power in Finland- impacts on electricity and district heating markets," Energy, Elsevier, vol. 203(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christian Barika Igbeghe & Tamás Mizik & Zoltán Gabnai & Attila Bai, 2023. "Trends and Characterization of Primary Energy Sources by Energy and Food Prices," Energies, MDPI, vol. 16(7), pages 1-18, March.
    2. Jarosław Kaczmarek & Konrad Kolegowicz & Wojciech Szymla, 2022. "Restructuring of the Coal Mining Industry and the Challenges of Energy Transition in Poland (1990–2020)," Energies, MDPI, vol. 15(10), pages 1-48, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Panos, Evangelos & Densing, Martin, 2019. "The future developments of the electricity prices in view of the implementation of the Paris Agreements: Will the current trends prevail, or a reversal is ahead?," Energy Economics, Elsevier, vol. 84(C).
    2. Philip Beran & Christian Pape & Christoph Weber, 2018. "Modelling German electricity wholesale spot prices with a parsimonious fundamental model – Validation and application," EWL Working Papers 1801, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Mar 2018.
    3. Mahler, Valentin & Girard, Robin & Kariniotakis, Georges, 2022. "Data-driven structural modeling of electricity price dynamics," Energy Economics, Elsevier, vol. 107(C).
    4. Zimmermann, Florian & Keles, Dogan, 2022. "State or market: Investments in new nuclear power plants in France and their domestic and cross-border effects," Working Paper Series in Production and Energy 64, Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP).
    5. Friedrich Kunz and Hannes Weigt, 2014. "Germanys Nuclear Phase Out - A Survey of the Impact since 2011 and Outlook to 2023," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    6. Germeshausen, Robert & Wölfing, Nikolas, 2020. "How marginal is lignite? Two simple approaches to determine price-setting technologies in power markets," Energy Policy, Elsevier, vol. 142(C).
    7. Zimmermann, Florian & Keles, Dogan, 2023. "State or market: Investments in new nuclear power plants in France and their domestic and cross-border effects," Energy Policy, Elsevier, vol. 173(C).
    8. Bruninx, Kenneth & Madzharov, Darin & Delarue, Erik & D'haeseleer, William, 2013. "Impact of the German nuclear phase-out on Europe's electricity generation—A comprehensive study," Energy Policy, Elsevier, vol. 60(C), pages 251-261.
    9. Keles, Dogan & Dehler-Holland, Joris & Densing, Martin & Panos, Evangelos & Hack, Felix, 2020. "Cross-border effects in interconnected electricity markets - an analysis of the Swiss electricity prices," Energy Economics, Elsevier, vol. 90(C).
    10. Bublitz, Andreas & Keles, Dogan & Zimmermann, Florian & Fraunholz, Christoph & Fichtner, Wolf, 2019. "A survey on electricity market design: Insights from theory and real-world implementations of capacity remuneration mechanisms," Energy Economics, Elsevier, vol. 80(C), pages 1059-1078.
    11. Philip Beran & Arne Vogler, 2021. "Multi-Day-Ahead Electricity Price Forecasting: A Comparison of fundamental, econometric and hybrid Models," EWL Working Papers 2102, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Oct 2021.
    12. Macedo, Daniela Pereira & Marques, António Cardoso & Damette, Olivier, 2020. "The impact of the integration of renewable energy sources in the electricity price formation: is the Merit-Order Effect occurring in Portugal?," Utilities Policy, Elsevier, vol. 66(C).
    13. Nibedita, Barsha & Irfan, Mohd, 2022. "Analyzing the asymmetric impacts of renewables on wholesale electricity price: Empirical evidence from the Indian electricity market," Renewable Energy, Elsevier, vol. 194(C), pages 538-551.
    14. Croonenbroeck, Carsten & Palm, Marcel, 2020. "A spatio-temporal Durbin fixed effects IV-Model for ENTSO-E electricity flows analysis," Renewable Energy, Elsevier, vol. 148(C), pages 205-213.
    15. Georg Wolff & Stefan Feuerriegel, 2019. "Emissions Trading System of the European Union: Emission Allowances and EPEX Electricity Prices in Phase III," Energies, MDPI, vol. 12(15), pages 1-15, July.
    16. Jain, Sourabh & Shrimali, Gireesh, 2022. "Impact of renewable electricity on utility finances: Assessing merit order effect for an Indian utility," Energy Policy, Elsevier, vol. 168(C).
    17. Bublitz, Andreas & Keles, Dogan & Zimmermann, Florian & Fraunholz, Christoph & Fichtner, Wolf, 2018. "A survey on electricity market design: Insights from theory and real-world implementations of capacity remuneration mechanisms," Working Paper Series in Production and Energy 27, Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP).
    18. Figueiredo, Nuno Carvalho & Silva, Patrícia Pereira da, 2019. "The “Merit-order effect” of wind and solar power: Volatility and determinants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 102(C), pages 54-62.
    19. Prata, Ricardo & Carvalho, Pedro M.S. & Azevedo, Inês L., 2018. "Distributional costs of wind energy production in Portugal under the liberalized Iberian market regime," Energy Policy, Elsevier, vol. 113(C), pages 500-512.
    20. Acar, Berkan & Selcuk, Orhun & Dastan, Seyit Ali, 2019. "The merit order effect of wind and river type hydroelectricity generation on Turkish electricity prices," Energy Policy, Elsevier, vol. 132(C), pages 1298-1319.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:15:y:2022:i:4:p:1392-:d:749326. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.