Modelling the Latvian Power Market to Evaluate Its Environmental Long-Term Performance

Applied Energy 2015
Dagnija Blumberga, Andra Blumberga, Aiga Barisa, Marika Rošā, Dace Lauka

In this paper we study development patterns of Latvian electricity market. It is done based on a newly developed computer-aided simulation model. System dynamics approach was used to simulate long-term development of electricity sector in the region under the existing policy design. Results demonstrate that renewable energy sources have a high potential to integrate in the electricity generation balance. Important preconditions for this to happen are: presence of appropriate support measures, a continuous technological progress and fossil fuel price increase. Under such scenario around 70% carbon dioxide emission savings can be achieved by 2050.

Keywords
Modelling; Power; Renewable energy; System dynamics
DOI
10.1016/j.apenergy.2015.06.016
Hyperlink
http://www.sciencedirect.com/science/article/pii/S0306261915007746

Blumberga, D., Blumberga, A., Barisa, A., Rošā, M., Lauka, D. Modelling the Latvian Power Market to Evaluate Its Environmental Long-Term Performance. Applied Energy, 2015, Vol.162, pp.1593-1600. ISSN 0306-2619. Available from: doi:10.1016/j.apenergy.2015.06.016

Publication language
English (en)