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The transition to a 100% renewable energy system based on variable renewable energy raises technical but also institutional questions. The smart energy system concept integrates variable renewable energy by addressing the technical challenges through the integration of different energy sectors, but integration of variable renewable energy also entails a change in the cost structures, especially related to electricity. The effect of this change in cost structures on market prices is investigated. This is done through simulation of a 100% renewable energy system that utilises a large degree of cross-sector integration but maintaining the current electricity market structure. The paper uses a 100% renewable energy system scenario for a 2050 Danish energy system. This is reflected in the use of wind energy as the primary renewable energy source. It is concluded that the current electricity market structure is not able to financially sustain the amounts of wind power necessary for the transition to a 100% renewable energy system. Since earlier research shows that neither electricity production costs nor the total system costs is higher for the renewable path than the fossil-based alternatives, the conclusion in this paper points towards a need for reshaping the institutional structure of electricity trade.
- Electricity market
- Renewable energy
- Smart energy systems
- Wind power
FingerprintDive into the research topics of 'The electricity market in a renewable energy system'. Together they form a unique fingerprint.
- 74 Citations
- 1 Journal article
Vom Verteilnetz zum Netz des Zusammenspiels: Zur neuen Rolle von Verteilnetzen in erneuerbaren Energiesystemen in Dänemark und Deutschland
Hasberg, K. S., 7 Nov 2019, In: Zeitschrift für neues Energierecht. 23, 5, p. 417-422 6 p. Translated title of the contribution: From distribution grid to interaction grid: On the new role of distribution grids in renewable energy systems in Denmark and Germany
Research output: Contribution to journal › Journal article › ResearchOpen AccessFile