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Diversity and Security in UK Electricity Generation: The Influence of Low Carbon Objectives

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Author Info
Grubb, M.
Butler, L.
Sinden, G.

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Abstract

We explore the relationship between low carbon objectives and the strategic security of electricity in the context of the UK Electricity System. We consider diversity of fuel source mix to represent one dimension of security - robustness against interruptions of any one source - and apply two different diversity indices to the range of electricity system scenarios produced by the UK government and independent researchers. Using data on wind generation we also consider whether a second dimension of security - the reliability of generation availability - is compromised by intermittency of renewable generation. Our results show that low carbon objectives are uniformly associated with greater long-term diversity in UK electricity. We discuss reasons for this result, explore sensitivities, and briefly discuss possible policy instruments associated with diversity and their limitations.

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File URL: http://www.econ.cam.ac.uk/electricity/publications/wp/ep74.pdf
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Publisher Info
Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0511.

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Length: 42
Date of creation: Feb 2005
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Handle: RePEc:cam:camdae:0511

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Related research
Keywords: Diversity; Security; Low Carbon; Wind Generation; Electricity;

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Find related papers by JEL classification:
Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Neuhoff, K., 2004. "Large Scale Deployment of Renewables for Electricity Generation," Cambridge Working Papers in Economics 0460, Faculty of Economics, University of Cambridge. [Downloadable!]
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  2. Keller, Katja & Wild, Jorg, 2004. "Long-term investment in electricity: a trade-off between co-ordination and competition?," Utilities Policy, Elsevier, vol. 12(4), pages 243-251, December. [Downloadable!] (restricted)
  3. Grubb, M. J., 1991. "The integration of renewable electricity sources," Energy Policy, Elsevier, vol. 19(7), pages 670-688, September. [Downloadable!] (restricted)
  4. Neuhoff, K. & de Vries, L., 2004. "'Insufficient Incentives for Investment in Electricity Generation’," Cambridge Working Papers in Economics 0428, Faculty of Economics, University of Cambridge. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Manuel Frondel & Nolan Ritter & Christoph M. Schmidt, 2009. "Measuring Energy Supply Risks: A G7 Ranking," Ruhr Economic Papers 0104, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen. [Downloadable!]
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