Future Scenarios of the Baltic Power System with Large Penetration of Renewables

2023 19th International Conference on the European Energy Market (EEM 2023): Proceedings 2023
Kārlis Baltputnis, Zane Broka

We model a hypothetical future scenario of the Baltic power system in 2050 with renewables-dominated generation, signifi-cantly increased electricity demand and synchronous operation with Continental Europe grid. A number of scenarios and sensi-tivities are assessed in terms of technical indicators such as re-newable energy and demand curtailment, peaker power plant utilization as well as economic indicators like the electricity mar-ket price dynamics. We find that a future Baltic power system with a major share of renewables is viable both from the tech-nical and economic perspective. It is shown that the flexibility already inherent in the Baltic power system can be successfully utilized for integrating significant capacities of renewables with relatively minor needs for additional flexibility.

Atslēgas vārdi
electricity market, modelling, power system, price, renewables
DOI
10.1109/EEM58374.2023.10161795
Hipersaite
https://ieeexplore.ieee.org/document/10161795

Baltputnis, K., Broka, Z. Future Scenarios of the Baltic Power System with Large Penetration of Renewables. No: 2023 19th International Conference on the European Energy Market (EEM 2023): Proceedings, Somija, Lappeenranta, 6.-8. jūnijs, 2023. Piscataway: IEEE, 2023, 709.-715. lpp. ISBN 979-8-3503-2452-5. e-ISBN 979-8-3503-1258-4. ISSN 2165-4077. e-ISSN 2165-4093. Pieejams: doi:10.1109/EEM58374.2023.10161795

Publikācijas valoda
English (en)