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Investment in electricity infrastructure in a small isolated market: the case of Ireland.
- Source :
- Oxford Review of Economic Policy; Autumn2009, Vol. 25 Issue 3, p469-487, 19p, 5 Charts, 3 Graphs
- Publication Year :
- 2009
-
Abstract
- Climate policy is driving an extensive deployment of wind generation in the Irish electricity market. This study evaluates the cost of increasing wind generation both to the system as a whole and to consumers for 2020. We consider different scenarios on fuel and carbon-dioxide permit prices and the extent of electricity interconnection with Great Britain. For a small and isolated electricity system such as Ireland, a high penetration of wind is economically sound only with increased interconnection to Great Britain, since wind generation would otherwise be curtailed. Not surprisingly, for low fuel prices the least-cost scenario contains low levels of wind generation whereas the opposite is true for high fuel prices. The findings highlight the importance of interconnection and its operation and governance. [ABSTRACT FROM PUBLISHER]
- Subjects :
- ELECTRICITY
CONSUMERS
CARBON dioxide
Subjects
Details
- Language :
- English
- ISSN :
- 0266903X
- Volume :
- 25
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Oxford Review of Economic Policy
- Publication Type :
- Academic Journal
- Accession number :
- 47147980
- Full Text :
- https://doi.org/10.1093/oxrep/grp022