Watch EU-SysFlex webinar #2 | Financial Implications of High Levels of Renewables on the European Power System26.05.2020Events
D2.5: Financial Implications of High Levels of Renewables on the European Power System
The second EU-SysFlex webinar was dedicated to the topic of “Financial Implications of High Levels of Renewables on the European Power System” (Task 2.5).
Task 2.5 provides a comprehensive economical and financial analysis of future European power systems which incorporate higher levels of Variable Renewable Energy Sources (vRES). The analysis undertaken in this task builds upon the work carried out in earlier tasks within WP2 in which detailed scenarios and models were developed. These models and scenarios are employed to carry out detailed production cost analysis, in order to assess the impact of increasing shares of variable renewables. In addition, an analysis of generation costs versus forecasted market revenues allows for a study of potential financial gaps that may arise.
The webinar presented the findings from Task 2.5 for the Continental European power system, the Nordic power system and the Ireland and Northern Ireland power system.
- Carole Devlin, Senior Engineer, EirGrid
- Caroline Bono, Research Engineer, EDF
- Jussi Ikӓheimo, Senior Scientist, VTT
- Sheila Nolan, Senior Lead Engineer, EirGrid