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The Costs of Electricity Systems with a High Share of Fluctuating Renewables: A Stochastic Investment and Dispatch Optimization Model for Europe

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  • Stephan Nagl, Michaela Fursch, and Dietmar Lindenberger

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  • Stephan Nagl, Michaela Fursch, and Dietmar Lindenberger, 2013. "The Costs of Electricity Systems with a High Share of Fluctuating Renewables: A Stochastic Investment and Dispatch Optimization Model for Europe," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    • Handle: RePEc:aen:journl:ej34-4-08
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    Cited by:

    1. Nagl, Stephan, 2013. "The Effect of Weather Uncertainty on the Financial Risk of Green Electricity Producers under Various Renewable Policies," EWI Working Papers 2013-15, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    2. Reichenberg, Lina & Hedenus, Fredrik & Odenberger, Mikael & Johnsson, Filip, 2018. "The marginal system LCOE of variable renewables – Evaluating high penetration levels of wind and solar in Europe," Energy, Elsevier, vol. 152(C), pages 914-924.
    3. Nagl, Stephan, 2013. "Prices vs. Quantities: Incentives for Renewable Power Generation - Numerical Analysis for the European Power Market," EWI Working Papers 2013-4, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    4. Li, Jianglong & Ho, Mun Sing, 2024. "End-year China wind power installation rush reduces electric system reliability," Energy Economics, Elsevier, vol. 133(C).
    5. Jeppesen, M. & Brear, M.J. & Chattopadhyay, D. & Manzie, C. & Dargaville, R. & Alpcan, T., 2016. "Least cost, utility scale abatement from Australia's NEM (National Electricity Market). Part 1: Problem formulation and modelling," Energy, Elsevier, vol. 101(C), pages 606-620.
    6. Johannes Radl & Andreas Fleischhacker & Frida Huglen Revheim & Georg Lettner & Hans Auer, 2020. "Comparison of Profitability of PV Electricity Sharing in Renewable Energy Communities in Selected European Countries," Energies, MDPI, vol. 13(19), pages 1-24, September.
    7. Jägemann, Cosima, 2014. "A note on the inefficiency of technology- and region-specific renewable energy support - The German case," EWI Working Papers 2014-5, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    8. Ringkjøb, Hans-Kristian & Haugan, Peter M. & Nybø, Astrid, 2020. "Transitioning remote Arctic settlements to renewable energy systems – A modelling study of Longyearbyen, Svalbard," Applied Energy, Elsevier, vol. 258(C).
    9. Jonas Egerer and Wolf-Peter Schill, 2014. "Power System Transformation toward Renewables: Investment Scenarios for Germany," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    10. Zerrahn, Alexander & Schill, Wolf-Peter, 2017. "Long-run power storage requirements for high shares of renewables: review and a new model," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 1518-1534.
    11. Seljom, Pernille & Rosenberg, Eva & Schäffer, Linn Emelie & Fodstad, Marte, 2020. "Bidirectional linkage between a long-term energy system and a short-term power market model," Energy, Elsevier, vol. 198(C).
    12. Unteutsch, Michaela, 2014. "Who Benefits from Cooperation? - A Numerical Analysis of Redistribution Effects Resulting from Cooperation in European RES-E Support," EWI Working Papers 2014-2, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    13. Ringkjøb, Hans-Kristian & Haugan, Peter M. & Seljom, Pernille & Lind, Arne & Wagner, Fabian & Mesfun, Sennai, 2020. "Short-term solar and wind variability in long-term energy system models - A European case study," Energy, Elsevier, vol. 209(C).
    14. Zerrahn, Alexander, 2017. "Wind Power and Externalities," Ecological Economics, Elsevier, vol. 141(C), pages 245-260.
    15. Seljom, Pernille & Tomasgard, Asgeir, 2015. "Short-term uncertainty in long-term energy system models — A case study of wind power in Denmark," Energy Economics, Elsevier, vol. 49(C), pages 157-167.
    16. Teichgraeber, Holger & Brandt, Adam R., 2022. "Time-series aggregation for the optimization of energy systems: Goals, challenges, approaches, and opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 157(C).
    17. N. Gülpınar & F. Oliveira, 2014. "Analysis of relationship between forward and spot markets in oligopolies under demand and cost uncertainties," Computational Management Science, Springer, vol. 11(3), pages 267-283, July.

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