Transitioning towards a 100% solar-hydro based generation:A system dynamic approach
| Autor: | Erik R. Larsen, Ann van Ackere, Juan Esteban Martínez-Jaramillo |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Předmět: |
Process (engineering)
Electricity price 020209 energy Energy transition Pumped hydro-storage System dynamics Energy policy Renewables Economic shortage 02 engineering and technology 7. Clean energy Industrial and Manufacturing Engineering Supply and demand 0502 economics and business 0202 electrical engineering electronic engineering information engineering Economics Electrical and Electronic Engineering 050207 economics Free market Civil and Structural Engineering Pumped-storage hydroelectricity 050208 finance business.industry Mechanical Engineering 05 social sciences Subsidy Building and Construction Environmental economics 021001 nanoscience & nanotechnology Pollution Renewable energy General Energy Electricity 0210 nano-technology business |
| Zdroj: | Martínez-Jaramillo, J E, van Ackere, A & Larsen, E R 2022, ' Transitioning towards a 100% solar-hydro based generation : A system dynamic approach ', Energy, vol. 239, part D, 122360 . https://doi.org/10.1016/j.energy.2021.122360 Energy, vol. 239, pp. 122360 |
| Popis: | Many countries have targeted a gradual transition towards 100% green generation; however, there is uncertainty concerning the economic and social consequences of such a transition. The main technologies that have been implemented are hydro, wind and solar. The latter two could cause an increase in electricity prices due to a mismatch between demand and supply. This paper uses a system dynamics approach to analyze the transition process of Switzerland, which is gradually moving from nuclear towards solar and hydro base generation. We consider hydro-pumped storage to address the timing problem between supply and demand. We developed different scenarios to test the viability of such a system. Our findings indicate that leaving the system to a free market will entail shortages during the transition, as well as a doubling of the electricity price. To mitigate this effect, we propose a capacity auction mechanism to smooth the transition process. We find that subsidizing PV indirectly encourages storage, thereby eliminating shortages, and mitigating the increase in the electricity price during the transition. |
| Databáze: | OpenAIRE |
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