Scientific advice on the 2030 energy and climate strategy of Luxemburg and assistance on drafting the national integrated energy and climate plan for the period 2021 to 2030 for the implementation of the energy union
- by order of the Ministry of the Economy Luxembourg and Ministry of Sustainable Development and Infrastructure - Department of the Environment
- TU Wien acts as subcontractor of Fraunhofer ISI, project leader: IREES
It is the core objective of this study to provide insights to Luxemburg on the economic consequences of following different EE and RES pathways by 2030 , characterized by distinct ambitions regarding the future levels of EE and RES-development.
With respect to the demand side we will use a bottom up modelling approach covering all demand sectors. The approach is based on the main drivers of energy demand in the different sectors (e.g. population, production etc.) combined with future technological development regarding EE. In different scenarios, we will model the impact of different policies on the energy demand.
With respect to the supply side, we will conduct a model-based analysis of different future renewables deployment pathways by 2030 and their integration into the overall power system with the models Green-X and HiREPS, specialised models that allow assessing future RES deployment, system integration consequences in the power sector and related costs and benefits for Luxemburg and other European countries in a detailed manner. In addition to the pure generation costs, we will estimate the investment required in the different scenarios as well as support costs in case of explicit 2030 targets for RES compared to a baseline scenario without a specific RES-target. For the power sector a detailed approach will be followed to analyse the interplay between RES policy and the electricity market, and more specifically to clarify on expected spot market price developments and the required RES support as well as the merit order effect and related market values of the produced electricity for variable and dispatchable renewables.