Modelling the existing Irish energy-system to identify future energy costs and the maximum wind penetration feasible

Abstract

Abstract In this study a model of the Irish energy-system was developed using EnergyPLAN based on the year 2007, which was then used for three investigations. The first compares the model results with actual values from 2007 to validate its accuracy. The second illustrates the exposure of the existing Irish energy-system to future energy costs by considering future fuel prices, CO 2 prices, and different interest rates. The final investigation identifies the maximum wind penetration feasible on the 2007 Irish energy-system from a technical and economic perspective, as wind is the most promising fluctuating renewable resource available in Ireland. It is concluded that the reference model simulates the Irish energy-system accurately, the annual fuel costs for Ireland's energy could increase by approximately 58% from 2007 to 2020 if a business-as-usual scenario is followed, and the optimum wind penetration for the existing Irish energy-system is approximately 30% from both a technical and economic perspective based on 2020 energy prices. Future studies will use the model developed in this study to show that higher wind penetrations can be achieved if the existing energy-system is modified correctly. Finally, these results are not only applicable to Ireland, but also represent the issues facing many other countries.