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

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

Applied Energy, 2016, vol. 162, issue C, 1593-1600

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.

Keywords: Modelling; Power; Renewable energy; System dynamics (search for similar items in EconPapers)
Date: 2016
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Handle: RePEc:eee:appene:v:162:y:2016:i:c:p:1593-1600