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HomeWeather-driven revenue uncertainty for power producers and ways to mitigate it
Study S16
Julkaisun metatiedot
The 2030 climate and energy framework sets as EU-wide targets for 2030 a 40% cut in greenhouse gas emissions compared to the 1990 level, and at least a 27% share of renewable energy generation. For the power system, this translates into around 45% of electricity demand being met by electricity generated from renewable sources, compared to 27.5% in 2014. A significant part of this additional renewable energy is expected to be produced by wind and solar technologies, which bring new challenges in terms of security of supply and electricity price volatility. This study focuses on flexibility needs emerging during peak situations. Since variable renewable energy generation is driven by weather conditions, further flexibility (flexible generation, storage or demand-response) is required to provide firm capacity during scarcity periods. Ensuring that flexibility assets can get sound revenues from the market (consistently with the value they provide to the system) is therefore key to guaranteeing an appropriate level of electricity supply.
- Julkaistu:
- Aiheet: Sähkö
- Aihe: energian hinta , energiantuotanto , energiaverkko , ilmatiede , kaasupäästöjen vähentäminen , kasvihuonekaasu , sähköenergia , uusiutuva energia
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| ISSN | ISBN 978-92-76-03427-8 | DOI 10.2833/015124 | Luettelonumero MJ-03-19-328-EN-N |
- Released on EU publications website:
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