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Electricity Prices and Value of Flexible Generation in Northern Europe in 2030

dc.contributor.authorSchäffer, Linn Emelie
dc.contributor.authorMo, Birger
dc.contributor.authorGraabak, Ingeborg
dc.date.accessioned2020-08-13T08:18:55Z
dc.date.available2020-08-13T08:18:55Z
dc.date.created2019-12-03T09:26:59Z
dc.date.issued2019
dc.identifier.citation2019 16th International Conference on the European Energy Market - EEM 2019en_US
dc.identifier.isbn978-1-7281-1257-2
dc.identifier.urihttps://hdl.handle.net/11250/2671829
dc.description.abstractThe aim of this paper is to quantify the value of flexible power generation technologies in Northern Europe in 2030, and in particular hydropower with storage. Two scenarios for the European power system in 2030 are presented. The study uses a fundamental hydrothermal power system model for the combined North-and West-European power system. The model gives optimal operation of the system, including operation strategies for individual hydro reservoirs, dispatch of power plants and simulated power prices. The results show power generation, income and realized power prices for a selection of hydropower and gas power plants, as well as wind and solar power. It is demonstrated that the value of flexible power generation increases with increasing shares of variable renewables in the power system, even if the average prices are reduceden_US
dc.description.abstractElectricity Prices and Value of Flexible Generation in Northern Europe in 2030en_US
dc.language.isoengen_US
dc.publisherIEEEen_US
dc.relation.ispartof2019 16th International Conference on the European Energy Market - EEM 2019
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.no*
dc.titleElectricity Prices and Value of Flexible Generation in Northern Europe in 2030en_US
dc.typeChapteren_US
dc.typePeer revieweden_US
dc.description.versionacceptedVersionen_US
dc.rights.holderIEEEen_US
dc.identifier.cristin1755831
dc.relation.projectNorges forskningsråd: 257588en_US
cristin.unitcode7548,50,0,0
cristin.unitnameEnergisystemer
cristin.ispublishedtrue
cristin.fulltextpostprint
cristin.qualitycode1


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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
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