Addendum to the cost-benefit analysis of adequate future power policy scenarios. Devogelaer, D. 00000abstract bibtex At the request of the federal Minister of Energy, this report was carried out as a follow-up on the cost-benefit analysis published by the Federal Planning Bureau in February 2017. It constitutes an addendum to the February study in that some additional questions impacting the Belgian production park are scrutinized in detail. Four topics are dealt with. The first one concerns the impact of an increase in the Belgian cross-border transfer capacity by 2 GW on the functioning of the domestic thermal flexible park. The effect this will engender on the full load hours, the system marginal cost, CO2 emissions, the required volumes of natural gas and employment is studied. Second, an evaluation is drafted of the cost of keeping currently existing gas-fired power plants operational. A comparison with the cost of building new flexible and reliable units is provided. Third, the socio-economic impact of an increased risk of a black-out is scrutinized. The economic asymmetry this induces in relation to the costs and benefits of conserving sufficient domestic capacity in order to comply with the legally defined Loss of Load (LOLE) criterion of 3h is documented. Finally, the question of premature closure of currently existing Belgian gas-fired power plants that have not come to the end of their operational lifetime yet is investigated by means of different indicators throughout the paper.
@article{devogelaer_addendum_,
title = {Addendum to the cost-benefit analysis of adequate future power policy scenarios},
abstract = {At the request of the federal Minister of Energy, this report was carried out as a follow-up on the cost-benefit analysis published by the Federal Planning Bureau in February 2017. It constitutes an addendum to the February study in that some additional questions impacting the Belgian production park are scrutinized in detail. Four topics are dealt with. The first one concerns the impact of an increase in the Belgian cross-border transfer capacity by 2 GW on the functioning of the domestic thermal flexible park. The effect this will engender on the full load hours, the system marginal cost, CO2 emissions, the required volumes of natural gas and employment is studied. Second, an evaluation is drafted of the cost of keeping currently existing gas-fired power plants operational. A comparison with the cost of building new flexible and reliable units is provided. Third, the socio-economic impact of an increased risk of a black-out is scrutinized. The economic asymmetry this induces in relation to the costs and benefits of conserving sufficient domestic capacity in order to comply with the legally defined Loss of Load (LOLE) criterion of 3h is documented. Finally, the question of premature closure of currently existing Belgian gas-fired power plants that have not come to the end of their operational lifetime yet is investigated by means of different indicators throughout the paper.},
language = {en},
author = {Devogelaer, Danielle},
note = {00000},
pages = {40},
file = {Devogelaer - Addendum to the cost-benefit analysis of adequate .pdf:/Users/florian/Zotero/storage/VPPXKPVP/Devogelaer - Addendum to the cost-benefit analysis of adequate .pdf:application/pdf}
}
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