Estimating the electricity prices, generation costs and CO2 emissions of large scale wind energy exports from Ireland to Great Britain

Brendan Cleary, Aidan Duffy, Bjarne Bach, Aisma Vitina, O’Connor, Alan and Michael Conlon

Energy Policy, 2016, vol. 91, issue C, 38-48

Abstract: The share of wind generation in the Irish and British electricity markets is set to increase by 2020 due to renewable energy (RE) targets. The United Kingdom (UK) and Ireland have set ambitious targets which require 30% and 40% of electricity demand to come from RE, mainly wind, by 2020, respectively. Ireland has sufficient indigenous onshore wind energy resources to exceed the RE target, while the UK faces uncertainty in achieving its target. A possible solution for the UK is to import RE directly from large scale onshore and offshore wind energy projects in Ireland; this possibility has recently been explored by both governments but is currently on hold. Thus, the aim of this paper is to estimate the effects of large scale wind energy in the Irish and British electricity markets in terms of wholesale system marginal prices, total generation costs and CO2 emissions. The results indicate when the large scale Irish-based wind energy projects are connected directly to the UK there is a decrease of 0.6% and 2% in the Irish and British wholesale system marginal prices under the UK National Grid slow progression scenario, respectively.

Keywords: Electricity market modelling; SEM; BETTA; Wind energy; Wholesale system marginal prices; CO2 emissions (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:91:y:2016:i:c:p:38-48

DOI: 10.1016/j.enpol.2015.12.036

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