The role of nuclear power in a modeled carbon-free Finnish power system

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Abstract

Finland aims to achieve carbon neutrality by 2035. A carbon-free power system is mandatory in achieving this ambitious climate policy. This paper examines the technical and economic effects of nuclear power as part of a carbon-free Finnish power system. The model uses hourly historical data from three years, with wind, photovoltaics and hydropower as the generating technologies. 45% of Finnish hydropower is run-of-river hydro, with limited potential for adjustable regulation. Several scenarios with differing amounts of nuclear power are investigated, and optimal amounts of wind, photovoltaics and electricity storage are calculated. Increasing nuclear capacity reduces required electricity storage and system costs.

Original languageEnglish
Title of host publication2020 17th International Conference on the European Energy Market, EEM 2020
PublisherIEEE Computer Society
ISBN (Electronic)9781728169194
DOIs
Publication statusPublished - Sep 2020
MoE publication typeA4 Article in a conference publication
EventInternational Conference on the European Energy Market - Stockholm, Sweden
Duration: 16 Sep 202018 Sep 2020
Conference number: 17

Publication series

NameInternational Conference on the European Energy Market, EEM
Volume2020-September
ISSN (Print)2165-4077
ISSN (Electronic)2165-4093

Conference

ConferenceInternational Conference on the European Energy Market
Abbreviated titleEEM
Country/TerritorySweden
CityStockholm
Period16/09/202018/09/2020

Keywords

  • carbon neutrality
  • hydropower
  • modular nuclear power
  • power system modeling
  • PV
  • wind power

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