A 2030 and 2050 modelling assessment with METIS
The transition to a climate neutral energy system relies on an increasing share of renewable energy sources in European electricity grids. As the production of renewable energy sources is inherently variable, flexibility requirements to balance supply and demand are expected to grow in the years to come. In this work, we study the flexibility needs in the 2030 and 2050 European power system using the METIS energy system model. We find flexibility requirements to increase significantly at different timescales, with variable renewable energy output as the main driver. We identify those technologies, including storage, which may offer flexibility solutions and we assess the economic value of financial arbitrage for such flexibility technologies in the spot market. We further study, in relation to storage investment costs and available interconnection capacity, the optimal combination of electricity storage solutions to accommodate flexibility needs in future European power systems.
KOOLEN Derck;
DE FELICE Matteo;
BUSCH Sebastian;
Koolen, D., De Felice, M. and Busch, S., Flexibility requirements and the role of storage in future European power systems, EUR 31239 EN, Publications Office of the European Union, Luxembourg, 2023, ISBN 978-92-76-57363-0, doi:10.2760/384443, JRC130519.
2023-03-14
Publications Office of the European Union
JRC130519
978-92-76-57363-0 (online),
1831-9424 (online),
EUR 31239 EN,
OP KJ-NA-31-239-EN-N (online),
https://publications.jrc.ec.europa.eu/repository/handle/JRC130519,
10.2760/384443 (online),
