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Investments in a combined energy network model: substitution between natural gas and electricity?

Abrell, Jan and Weigt, Hannes. (2014) Investments in a combined energy network model: substitution between natural gas and electricity? WWZ Discussion Papers, 2014 (05). Basel.

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Official URL: http://edoc.unibas.ch/dok/A6298914

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Abstract

Natural gas plays an important role in the future development of electricity markets as it is the least emission intensive fossil generation option while additionally providing the needed flexibility in plant operation to deal with intermittent renewable generation. As both the electricity and the natural gas market rely on networks, congestion on one market may lead to changes
on another. In addition, investments in one market have an impact in the other and may even become substitutes for one another. The objective of this paper is to develop a dynamic model representation of coupled natural gas and electricity network markets to test the potential interaction with respect to investments. The model is tested under simplified conditions as well as for a stylized European network setting. The results indicate that there is a potential for investment-substitution and significant market interactions
that warrants the application of coupled models especially with regard to simulations of long term system developments.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Energieökonomik (Weigt)
12 Special Collections > WWZ Publications > WWZ Discussion Papers and Working Papers
UniBasel Contributors:Weigt, Hannes
Item Type:Working Paper
Bibsysno:Link to catalogue
Publisher:WWZ
Note:Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
Language:English
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Identification Number:
  • handle: RePEc:bsl:wpaper:2014/05
Last Modified:13 Mar 2018 13:48
Deposited On:09 Jan 2015 09:24

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