학술논문

Decarbonization of Electricity Systems in Europe: Market Design Challenges
Document Type
Periodical
Source
IEEE Power and Energy Magazine IEEE Power and Energy Mag. Power and Energy Magazine, IEEE. 19(1):53-63 Jan, 2021
Subject
Power, Energy and Industry Applications
Geoscience
Wind energy generation
Renewable energy sources
Wind energy
Greenhouse effect
Low-carbon economy
Solar power generation
Climate change
Language
ISSN
1540-7977
1558-4216
Abstract
Driven by climate change concerns, Europe has taken significant initiatives toward the decarbonization of its energy system. The European Commission (EC) has set targets for 2030 to achieve at least 40% reduction in greenhouse gas emissions with respect to the 1990 baseline level and cover at least 32% of the total energy consumption in the European Union (EU) through renewable energy sources, predominantly wind and solar generation. However, these technologies are inherently characterized by high variability, limited predictability and controllability, and lack of inertia, significantly increasing the balancing requirements of the system with respect to historical levels. The flexibility burden is currently carried by flexible fossil-fueled conventional generators (mainly gas), which are required to produce significantly less energy (as low operating cost and CO 2 -free renewable and nuclear generation are prioritized in the merit order) and operate part loaded with frequent startup and shut-down cycles, with devastating effects on their cost efficiency.