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|Title:||A Long-Term View of Fossil-Fuelled Power Generation in Europe|
|Authors:||GEORGAKAKI Aliki; TZIMAS Evangelos; PETEVES Estathios|
|Citation:||Conference Proceedings DEMSEE 08 p. 1-10 (Paper Ref. 149)|
|Publisher:||Electricity Authority of Cyprus, Technical Chamber of Cyprus, University of Cyprus, Electric Power Systems Lab - TEIC - Greece|
|Type:||Articles in periodicals and books|
|Abstract:||The paper presents a long term view into the future of fossil-fuelled power generation in the European Union, based on a number of alternative scenarios for the development of the coal, gas and carbon markets, and the penetration of renewable and nuclear technologies in electricity generation. The new capacity needed and the technology mix are estimated using a cost optimisation model based on the screening curve method, taking into consideration the rate of retirement of the current power plant fleet, the capacity already planned or under construction and the role of carbon capture and storage technology. This analysis shows that measures to increase nonfossil fuel based generation and CO2 prices are necessary to achieve the European energy and climate change policy goals, and that high capital expenditure is required, which can lead to increased electricity generation costs.|
|JRC Institute:||Institute for Energy and Transport|
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