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Optimal interconnection and renewable targets in North-West Europe

Author

Listed:
  • Lynch, Muireann A.
  • O'Malley, Mark J.
  • Tol, Richard S. J.

Abstract

We present a mixed-integer, linear programming model for determining optimal interconnection locations using a cost minimisation approach. Optimal interconnection and capacity investment decisions are determined under various targets for renewable penetration. The model is applied to a test system for eight countries in Northern Europe. It is found that considerations on the supply side dominate demand side considerations when determining optimal interconnection investment. Interconnection is found to be most valuable when targets for renewable electricity are set for the whole system, rather than for different regions within the system.

Suggested Citation

  • Lynch, Muireann A. & O'Malley, Mark J. & Tol, Richard S. J., 2011. "Optimal interconnection and renewable targets in North-West Europe," Papers WP416, Economic and Social Research Institute (ESRI).
  • Handle: RePEc:esr:wpaper:wp416
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    File URL: http://www.esri.ie/pubs/WP416.pdf
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    References listed on IDEAS

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Exporting electricity
      by Richard Tol in The Irish Economy on 2012-05-29 13:26:55

    More about this item

    Keywords

    europe/Interconnection/cost/investment/Renewable electricity/electricity;

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