Security of supply in a green power market - The challenges and opportunities of intermittent power
|Prosjektansvarlig||Sverre A. C. Kittelsen|
Karen Evelyn Hauge
Øystein M. Hernæs
Ingrid M.S. Huitfeldt
Sverre A. C. Kittelsen
Nils-Henrik M. von der Fehr
|Prosjektperiode||2015 - 2021|
Prosjektbeskrivelse (engelsk)Security of electricity supply in the long run is both a question of having sufficient energy (TWh) and power (GW) capacity, and equally whether the system can deliver electricity efficiently where and when it is needed. This project concerns how to organize the power market in order to avoid shortrun system breakdown and at the same time give socially optimal long-run incentives for investments in production and transmission capacities. Optimality must be defined with respect to both location and technical structure in the light of the large increases in intermittent power that are expected by 2050 and beyond. We propose to answer this by work packages that characterize theoretically the optimal electricity system (WP1), explore different technical, judicial and economic mechanisms (WP2-WP5), and study the interaction of these mechanisms in model-based policy analyses (WP6).
Intermittent power sources such as wind, run-of-river and solar depend crucially on weather conditions, with the implication that there is great uncertainty about the actual production possibilities to produce in the short to medium run. At the same time, the renewable power sources may have different geographical locations from consumption. The consequences for security of supply in the form of power outages and system breakdown could be substantial.
These developments pose major challenges for the design and regulation of markets, supply and demand, and of optimal investments in infrastructure, i.e. in "smart grids". The challenges are technological, legal and economic and we propose to answer them with an interdisciplinary team representing economic, technical and legal expertise.
The project will be organised in 6 work packages (WP1-WP6), but with several important interdependencies. All WPs will use a combination of theoretical and empirical approaches, with an emphasis on the effects of mechanisms and developments on Norwegian and European power markets.
|Aune, F.R. and R. Golombek||Are carbon prices redundant in the 2030 EU climate and energy policy package?||2021||The Energy Journal 42(3), 233-277||[PDF] [DOI]|
|Bjørnebye, Henrik. Cathrine Hagem, Arne Lind||Optimal location of renewable power||2018||Energy 147, 1203-1215||[PDF] [DOI]|
|Førsund, F.R.||Framework for Optimal Production and Transmission of Electricity||2020||Nr. 2||[PDF]|
CREE er Oslo Centr for Environmentally friendly Energy, og er et samarbeid mellom Frischsenteret, Økonomisk institutt og Statistisk sentralbyrå. Her legger vi kun ut publikasjoner skrevet av forfatter ved Frischsenteret. Komplett liste finnes på https://www.cree.uio.no/publications/CREE_working_papers/
|Bjørnebye, Henrik, Cathrine Hagem, Arne Lind||Optimal location of renewable power||2017||Nr. 4||[PDF]|