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 language | English |
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Title of host publication | 2020 17th International Conference on the European Energy Market, EEM 2020 |
Publisher | IEEE |
ISBN (Electronic) | 9781728169194 |
DOIs | |
Publication status | Published - Sept 2020 |
MoE publication type | A4 Conference publication |
Event | International Conference on the European Energy Market - Stockholm, Sweden Duration: 16 Sept 2020 → 18 Sept 2020 Conference number: 17 |
Publication series
Name | International Conference on the European Energy Market, EEM |
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Volume | 2020-September |
ISSN (Print) | 2165-4077 |
ISSN (Electronic) | 2165-4093 |
Conference
Conference | International Conference on the European Energy Market |
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Abbreviated title | EEM |
Country/Territory | Sweden |
City | Stockholm |
Period | 16/09/2020 → 18/09/2020 |
Keywords
- carbon neutrality
- hydropower
- modular nuclear power
- power system modeling
- PV
- wind power