Power Market Formation for Clean Energy Production as the Prerequisite for the Country’s Energy Security

Manuela Tvaronavičienė,Evgeny Lisin,Vladimir Kindra

doi:10.3390/en13184930

Manuela Tvaronavičienė, Evgeny Lisin + Show 1 more

Open Access

https://doi.org/10.3390/en13184930

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Abstract

The paper analyzes the main issues of power market development for clean energy production within the broader framework of ensuring the country’s energy security. In addition, special attention is paid to the technologies aimed at reducing emissions of toxic substances and greenhouse gases by the fossil-fired power plants. Even though the future electricity markets would most likely depend on the high shares of renewable energy sources (RES) in the electricity system, energy efficiency such as the one based on the near-zero emission technologies might also play a crucial role in the transition to the carbon-free energy future. In particular, there are the oxy-fuel combustion technologies that might help to reduce the proportion of unburned fuel and increase the efficiency of the power plant while reducing the emissions of flue gases. Our paper focuses on the role and the place of the near-zero emission technologies in the production of clean energy. We applied economic and mathematical models for assessing the prospects for applying oxy-fuel combustion technology in thermal power plants, taking into account the system of emission quotas and changes in the fuel cost. Our results demonstrate that at the current fuel prices, it is advisable to use economical combined cycle gas turbines (CCGT). At the same time, when quotas for greenhouse gas emissions are introduced and fuel costs increase by 1.3 times, it becomes economically feasible to use the oxy-fuel combustion technology which possesses significant economic advantages over CCGT with respect to the capture and storage of greenhouse gases.

Highlights

The energy sector plays a key role in any country’s economy in terms of maintaining its sustainability and ensuring its energy security
The initial data for calculating the specific cost of production of energy products at various prices for fossil fuels and the formation of quotas for greenhouse gas emissions are provided in Table 3, which follows
In our analysis, we took into account the introduction of quotas for the greenhouse gas emissions

Summary

Introduction

The energy sector plays a key role in any country’s economy in terms of maintaining its sustainability and ensuring its energy security. Despite the growth that was achieved over the past decade in the installed capacity of alternative and renewable energy sources, the consumption of classical fuel and energy resources (oil, gas, coal) is growing, and the role ofthermal traditional thermal power industry on the chemicalofconversion of still organic fuel of traditional power industry based on thebased chemical conversion organic fuel remains still remains crucial [3,4]. The implementation and dissemination of the near-zero emission technologies for the production of electricity in power plants is largely due to their economic efficiency which in this case is determined by the environmental policy pursued by the state, namely, the established standards for the maximum permissible concentration of harmful substances in the atmospheric air and the market mechanisms for emissions trading [22,23,24]. The paper studies the issue of near-zero emission technologies and draws conclusions about the prospects for the application of these technologies in Russia under various scenarios of tightening the norms of the maximum permissible concentration of harmful substances in the air and developing the market for flue gas emission quotas

Analysis of the Oxy-Fuel Combustion Technology and Its Environmental Benefits

Results and Discussions

REVIEW

Conclusions