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Transformation to a renewable electricity system in Austria: Insights from an integrated model analysis
We analyse the (techno- and macro-)economic and distributive effects of a transformation to a renewable electricity system in Austria by 2030, as stipulated by the Austrian government. For the analysis, the macroeconomic model DYNK and ATLANTIS, a partial model of the electricity market, were expand...
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Published in: | Renewable energy 2024-03, Vol.223, p.119957, Article 119957 |
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Main Authors: | , , , , , , , , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that this one cites Items that cite this one |
Online Access: | Get full text |
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Summary: | We analyse the (techno- and macro-)economic and distributive effects of a transformation to a renewable electricity system in Austria by 2030, as stipulated by the Austrian government. For the analysis, the macroeconomic model DYNK and ATLANTIS, a partial model of the electricity market, were expanded and linked. Four transformation scenarios conforming with the 100% renewable electricity target in Austria on a national balance are examined, integrated into a consistent scenario for the development of the European electricity system. Additionally, sensitivity analyses with respect to the gas price are performed. Although all scenarios achieve 100% renewable electricity on a national balance, the analysis shows that electricity from gas-fired power plants will still be needed in 2030 to balance variable renewable generation, to avoid grid congestion, and for heat generation from combined heat and power plants in winter months. Another main conclusion from the simulations is that the transition towards a renewable electricity sector is almost neutral from a socio-economic perspective. It does neither reveal harmful impacts nor lead to high multiplier effects from additional investment. With high natural gas prices in the sensitivity scenarios a decrease in GDP and household income, which might motivate redistributive policies, can be observed.
•We link a macroeconomic and an electricity system model to study Austria’s RES-E transition.•Four transition scenarios are simulated to illustrate the range of potential effects.•Sensitivity analysis with respect to the gas price is performed.•Electricity from gas-fired power plants will still be needed in Austria in 2030.•The transition towards RES-E is almost neutral from a socio-economic perspective. |
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ISSN: | 0960-1481 1879-0682 |
DOI: | 10.1016/j.renene.2024.119957 |