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Modelling the Latvian power market to evaluate its environmental long-term performance

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  • Blumberga, Dagnija
  • Blumberga, Andra
  • Barisa, Aiga
  • Rosa, Marika
  • Lauka, Dace

Abstract

In this paper we study development patterns of Latvian electricity market. It is done based on a newly developed computer-aided simulation model. System dynamics approach was used to simulate long-term development of electricity sector in the region under the existing policy design. Results demonstrate that renewable energy sources have a high potential to integrate in the electricity generation balance. Important preconditions for this to happen are: presence of appropriate support measures, a continuous technological progress and fossil fuel price increase. Under such scenario around 70% carbon dioxide emission savings can be achieved by 2050.

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  • Blumberga, Dagnija & Blumberga, Andra & Barisa, Aiga & Rosa, Marika & Lauka, Dace, 2016. "Modelling the Latvian power market to evaluate its environmental long-term performance," Applied Energy, Elsevier, vol. 162(C), pages 1593-1600.
    • Handle: RePEc:eee:appene:v:162:y:2016:i:c:p:1593-1600
    DOI: 10.1016/j.apenergy.2015.06.016
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