Electricity decarbonisation pathways for 2050 in Portugal: A TIMES (The Integrated MARKAL-EFOM System) based approach in closed versus open systems modelling

Amorim, Filipa; Pina, André; Gerbelová, Hana; Silva, Patrícia Pereira da; Vasconcelos, Jorge; Martins, Víctor Emanuel Pessoa

doi:10.1016/j.energy.2014.01.052

Cited by 92 publications

(22 citation statements)

References 31 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Interconnections capacity between the considered areas are higher than the current EU recommended level of 10% of the peak demand of the smaller interconnected market [59]. Denmark has already surpassed this value reaching 23.8% between West and East Denmark (DK1-DK2), 15.9% between West Denmark (DK1) and Sweden bidding area 3 (SE3), 64.5% between East Denmark (DK2) and Swedish bidding area 4 (SE4), 23.8% between East Denmark (DK2) and Germany and 38.3% between West Denmark (DK1) and Germany, all of the peak demand observed in the period considered in this study.…”

Section: Denmark In the Nordic Electricity Marketmentioning

confidence: 87%

It is windy in Denmark: Does market integration suffer?

Figueiredo

Silva

Cerqueira

2016

Energy

View full text Add to dashboard Cite

Some benefits of spot electricity markets integration include the optimization of renewable power, increasing transmission grid security and the decreasing need for internal generation reserves. The high penetration of wind power is known to have a clear influence on price convergence between electricity markets joined by market splitting. However, in multiple interconnected markets, cross-border flows can also play a role in the market splitting behaviour. Denmark, with a high penetration of wind power, is clearly the ideal case study. This paper aims to assess the influence of high penetration of wind power on the market splitting behaviour between West and East Denmark, taking into account cross-border electricity flows. This is modelled through logit and non-parametric models, estimating the probability of market splitting occurrence between both Danish bidding areas. Market splitting probability is found to be sensitive to wind power, nevertheless with distinct behaviour according to interconnection congestion configuration. The highest availability of wind power in West Denmark, which can reach a generation share of 1.5 times the demand, requires strong cross-border interconnections to allow the export of the excess generation. Policies governing a joint assessment of the requirements for additional interconnection and wind power expansion plans, should be developed.

show abstract

Section: Denmark In the Nordic Electricity Marketmentioning

confidence: 87%

It is windy in Denmark: Does market integration suffer?

Figueiredo

Silva

Cerqueira

2016

Energy

View full text Add to dashboard Cite

show abstract

“…10). Considering the existing level of market splitting probability, we can conclude that the existing cross-border interconnection is adequate for the required electricity market integration, bearing in mind that it is actually higher (currently 25.6%) than the EU recommendation of 10% of the peak demand of the smaller interconnected market (Amorim et al, 2014). Moreover, in order to maintain this reasonable market splitting probability level and spot electricity markets integration, the requirements for crossborder interconnection capacity should increase with increasing available wind power.…”

Section: Available Transfer Capacitymentioning

confidence: 92%

Evaluating the market splitting determinants: evidence from the Iberian spot electricity prices

2015

View full text Add to dashboard Cite

Assess determinants on market splitting behaviour of Iberian electricity markets. Logit and non-parametric models to express market splitting probability response. Explanatory variables: wind, hydro, thermal and nuclear power; ATC and demand. Results: increase of market splitting probability with higher availability of low marginal cost electricity. Coordination policies governing both interconnections and renewables deployment. a b s t r a c tThis paper aims to assess the main determinants on the market splitting behaviour of the Iberian electricity spot markets. Iberia stands as an ideal case-study, where the high level deployment of wind power is observed, together with the implementation of the market splitting arrangement between the Portuguese and the Spanish spot electricity markets.Logit and non-parametric models are used to express the probability response for market splitting of day-ahead spot electricity prices as a function of the explanatory variables representing the main technologies in the generation mix: wind, hydro, thermal and nuclear power, together with the available transfer capacity and electricity demand. Logit models give preliminary indications about market splitting behaviour, and then, notwithstanding the demanding computational challenge, a non-parametric model is applied in order to overcome the limitations of the former models.Results show an increase of market splitting probability with higher wind power generation or, more generally, with higher availability of low marginal cost electricity such as nuclear power generation.The European interconnection capacity target of 10% of the peak demand of the smallest interconnected market might be insufficient to maintain electricity market integration. Therefore, pro-active coordination policies, governing both interconnections and renewables deployment, should be further developed.

show abstract

“…Global models are used for exploring the boundaries of human activity within biospherical limits and are central to climate policy assessment under the United Nations Framework Convention on Climate Change [2]. At the level of individual countries, models are used for understanding the potential impacts of state interventions on the economy and on the environment [3,4]. Models are also often applied at the sub-national scale for developing strategic energy options at a regional, urban, or district level [5,6].…”

Section: Challenges For Modelling the Energy Transitionmentioning

confidence: 99%

Regional winners and losers in future UK energy system transitions

Pye

Strachan

2016

Energy Strategy Reviews

View full text Add to dashboard Cite

This paper demonstrates the integration of institutional perspectives on energy system transitions into formal energy economic modelling. The perspectives of key UK energy system stakeholders have been used to develop three socio-technical narratives of energy system change that are quantified in a 24-region techno-economic model of the country. Implementing these three narratives in the model environment allows their feasibility for meeting climate targets to be assessed as well as articulating their implied sub-national regional outlooks for technologies and investment. The latter elements are discussed in light of the regional socioeconomic and demographic landscape. The study highlights some of the regional political dimensions associated with future investment targeting in the UK energy system. In particular, energy policy decisions may create tensions between the four different UK government administrations as well as raising important questions about regional economic development and how an equitable energy transition can be achieved for all. Highlights Prominent UK transition scenarios adapted into a whole energy system model  Integration process bridges between socio-technical theory and energy economic modelling  Model spatial detail used to relate geographical impacts to real-world regional actors  Tensions exposed between sub-regional optimality and national optimality  Discussion framed around the complex regional political geography of the UK

show abstract

Electricity decarbonisation pathways for 2050 in Portugal: A TIMES (The Integrated MARKAL-EFOM System) based approach in closed versus open systems modelling

Cited by 92 publications

References 31 publications

It is windy in Denmark: Does market integration suffer?

It is windy in Denmark: Does market integration suffer?

Evaluating the market splitting determinants: evidence from the Iberian spot electricity prices

Regional winners and losers in future UK energy system transitions

Contact Info

Product

Resources

About