The effect and value of end-use flexibility in the low-carbon transition of the energy system

Pernille Seljom, Eva Rosenberg and Kristina Haaskjold

Energy, 2024, vol. 292, issue C

Abstract: Flexibility at end-use level can lower both the costs of end-use sectors, such as the building sector and the investment and operational costs of the electricity sector. For planning purposes, it is however a need to understand how end-use flexibility influences the design of the future energy system. This paper analyses the role and value of end-use flexibility in the Norwegian low carbon energy system transition towards 2050. This is done by using a stochastic energy system model, IFE-TIMES-Norway, to quantify how end-use flexibility impacts the energy system design and the corresponding sectoral profits and costs. The results demonstrate that facilitating a techno-economic implementation of end-use flexibility lowers the cost of the energy transition towards 2050 between BEUR 4.4 and BEUR 8.3. This is primarily because end-use flexibility ensures a better match between local PV production and demand, lowers the capacity expansion needs of the electricity grid and increases profits from international electricity trade. Further, the results show that end-use flexibility reduces the need for hydrogen and thermal storage, where hydrogen storage capacity is lowered by 25 %–66 % in 2050, depending on storyline.

Keywords: Sector coupling; Energy system analysis; TIMES model; building sector; Flexibility (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:292:y:2024:i:c:s0360544224002263

DOI: 10.1016/j.energy.2024.130455

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