Title:	Economic Analysis of Electricity Costs with More Solar Power Capacity in 2035 in France
Author(s):	H.J.J. Yu
Topic:	Finance, Markets and Policies
Subtopic:	Policies and Scenarios for Renewables, Societal and Global Challenges
Event:	37th European Photovoltaic Solar Energy Conference and Exhibition
Session:	7DV.1.27
ISBN:	3-936338-73-6
Price:	0,00 EUR
Document(s):	poster

Abstract/Summary:

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In many countries, energy transition policy aims to increase the share of variable renewable energy sources like solar and wind in the power sector. A large-scale integration of intermittent renewable energies into the existing energy system will change optimal conditions of yearly full load hours of dispatch-able capacities and power production mix. The challenge is to find a proper balance between renewable production at competitive costs and the remaining system. Therefore, policymakers need to work on trajectory of energy transitions to limit carbon emissions based on a systemic approach to consider diverse aspects of renewable integration. France decided to reduce 70% of greenhouse gas emissions from fossil fuel consumption and to reduce the share of nuclear energy in the national power production to 50% by 2035 from the current 75% as part of its energy transition strategy. This leads to strong growth in renewable energies to build a future French electricity system, the massive deployment of electric vehicles and a rapid increase in the self-consumption of electricity. This will lead to new economic features of electricity system.