Data Entry: Please note that the research database will be replaced by UNIverse by the end of October 2023. Please enter your data into the system Thanks

Login for users with Unibas email account...

Login for registered users without Unibas email account...

Investments in a combined energy network model: substitution between natural gas and electricity?
Discussion paper / Internet publication
ID 2708959
Digital Object Identifier DOI 10.5547/01956574.37.4.jabr
Author(s) Abrell, Jan; Weigt, Hannes
Author(s) at UniBasel Weigt, Hannes
Abrell, Jan
Year 2014
Month and day 06-06
Title Investments in a combined energy network model: substitution between natural gas and electricity?
Series title WWZ Discussion Papers
Volume 2014
Number 05
Publisher / Institution WWZ
Keywords Electricity network, Natural gas network, Europe, MCP

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.

Full Text on edoc Available
ISI-Number WOS:000385912700004

MCSS v5.8 PRO. 0.313 sec, queries - 0.000 sec ©Universität Basel  |  Impressum   |