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Integrating economic and engineering models for future electricity market evaluation : a Swiss case study
- Source :
- Energy Strategy Reviews, 25, Energy Strategy Reviews, Vol 25, Iss, Pp 86-106 (2019)
- Publication Year :
- 2019
- Publisher :
- Elsevier, 2019.
-
Abstract
- The addition of stochastic renewable resources within modern electricity markets creates a need for more flexible generation assets and for appropriate mechanisms to ensure capacity adequacy. To assess both of these issues, more cross-platform analysis is needed that can evaluate short-term reliability concerns, medium-term dispatch and price concerns, and long-term capacity expansion and market design concerns. We present an integrated modeling framework that combines a long-term investment model, a robust dispatch model of the energy market, a detailed AC network model, a novel quantification for reserves, and a rigorous evaluation of renewable energy resource potentials. We apply the framework to a business-as-usual reference case simulating the phase-out of nuclear capacity in Switzerland and a case with renewable generation targets for Switzerland. We find that the nuclear phase-out leads to a strong increase in Swiss imports. In contrast, additional renewable targets lead to a decrease of these imports. In both cases, the Swiss cross-border lines are found to be the most critical network bottlenecks and in both future cases the increased reliance on imports worsens the severity of these bottlenecks. However, the network and security assessments show no significant challenges associated with a faster and stronger renewable increase in Switzerland.<br />Energy Strategy Reviews, 25
- Subjects :
- Electricity markets
Network security
020209 energy
333.79: Energie
Capacity investments
02 engineering and technology
010501 environmental sciences
lcsh:HD9502-9502.5
01 natural sciences
Renewable integration
Electricity market
0202 electrical engineering, electronic engineering, information engineering
Integrating energy model
Energy market
0105 earth and related environmental sciences
Network model
business.industry
Environmental economics
Investment (macroeconomics)
lcsh:Energy industries. Energy policy. Fuel trade
Renewable energy
integrating energy models
Electricity
business
Capacity investment
Energy (miscellaneous)
Renewable resource
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Journal :
- Energy Strategy Reviews, 25, Energy Strategy Reviews, Vol 25, Iss, Pp 86-106 (2019)
- Accession number :
- edsair.doi.dedup.....d037f1e37e28a0fc843ae2f07a7ef4fd