A1 Journal article (refereed), original research

The role of energy prosumers in the transition of the Finnish energy system towards 100% renewable energy by 2050


Open Access hybrid publication

Publication Details
Authors: Child Michael, Bogdanov Dmitrii, Aghahosseini Arman, Breyer Christian
Publisher: Elsevier: 24 months
Publication year: 2020
Language: English
Related Journal or Series Information: Futures
ISSN: 0016-3287
eISSN: 1873-6378
JUFO-Level of this publication: 2
Open Access: Open Access hybrid publication

Abstract

A cost-optimised transition pathway towards 100% renewable energy was
simulated for Finland. This transition was consistent with EU and
international targets to achieve sustainability, while maintaining
national competitiveness. Finland was divided into 7 regions that
account for resource distribution and demand differences at high spatial
and hourly time resolutions. Results indicate that levelised cost of
electricity can decrease from 61 €/MWh in 2015 to 53 €/MWh in 2050 and
that levelised cost of heat can decrease from 29 €/MWh to 20 €/MWh based
on the assumptions used in this study. Transport sector costs decrease
for most vehicle classes through electrification but increase marginally
for classes that use bioenergy-based or sustainable synthetic fuels.
Costs decrease through the adoption of flexible generation by several
renewable energy technologies, intra-regional interconnections, and the
use of low-cost energy storage solutions. Results show less need for
combined heat and power plants as the electrification increases through
sector integration. Individuals and groups can become prosumers of
energy, motivated by a desire to contribute to climate action and making
choices for lower cost, sustainable energy. Collectively, society can
increase a sense of agency through lower exposure to risks. A 100%
renewable energy system can be a resilient, low cost and low risk option
for the future.


Research Areas

LUT Focus Areas

Last updated on 2020-10-11 at 08:14