Abstract
The Flex4RES project investigated how intensified interaction between coupled energy markets supported by coherent regulatory frameworks can facilitate the integration of high shares of variable renewable energy (VRE) into Nordic-Baltic energy systems, thus ensuring stability, sustainability and cost-effectiveness. Through a holistic systemic approach based on coupled energy markets in the region, the potential costs and benefits of achieving flexibility in the Nordic -Baltic electricity market from the heat, gas and transport sectors, as well as through electricity transmission and generation, were identified. Flex4RES developed and applied a multidisciplinary research strategy that combined technical analysis of flexibility needs and potential, economic analysis of markets and regulatory frameworks, and the modelling of energy systems, which quantifies impacts. Flex4RES identified transition pathways to sustainable Nordic energy systems through the development of coherent regulatory frameworks and market designs that facilitate market interactions which are optimal for the Nordic -Baltic conditions in an EU context. Flex4RES results will be of high relevance to stakeholders from governments, industry and civil society for better market designs for achieving a sustainable energy system in the Nordic-Baltic region. WHY: To ensure that a future decarbonised energy system is possible, in line with climate concerns, national decarbonisation targets and the UN’s SDGs. HOW: By increasing energy-system flexibility to accommodate high shares of variable renewable energy such as wind power. WHAT: Identifying and as sessing regulatory and technical pathways towards coherent Nordic energy systems.
Info
Report, 2019
UN SDG Classification
DK Main Research Area
Science/Technology
