Investigating the market effects of increased RES penetration with BSAM: A wholesale electricity market simulator

News

We are glad to announce that our new article entitled “Investigating the market effects of increased RES penetration with BSAM: A wholesale electricity market simulator” has been published in the Elsevier’s “Energy Reports” peer-reviewed journal.

The article explores the following research questions with the use of BSAM (Business Strategy Assessment Model), TEESlab’s wholesale electricity market simulation model.

Given the planned lignite phase-out and the expected increase in renewable energy sources (RES) in Greece:

  • how will the electricity mix evolve to meet the demand and system reserve requirements?
  • What trends can we expect for CO2 emissions and electricity generation prices?
  • Is there room for more RES capacity without extensive curtailment?

Results indicate that the planned short-to-mid-term lignite phase-out of the Greek power system, followed by increase in RES capacity:

  • is feasible and will not lead to excessive RES curtailment and
  • will yield significant CO2 emissions’ reductions and small reductions in the system marginal price, with even more ambitious RES shares being possible

You can freely download the open access publication and learn more about BSAM here.