Is Electrified Low-Carbon District Heating Able to Manage Electricity Price Shocks?

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Date
2022
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Language
en
Pages
5
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18th International Conference on the European Energy Market, EEM 2022, International Conference on the European Energy Market, EEM, Volume 2022-September
Abstract
To comply with the European Union's carbon-neutrality target for 2035, the decarbonization of fossil-fuel intensive city district heating networks (DHN) is imperative. With electricity production nearly emission-free in Finland, electrification of the DHNs can assist in decarbonizing the heating sector. However, concerns regarding this solution are the volatility of electricity prices and the security of heat supply. This study examines the feasibility of electrified DHNs during the high energy market prices of2021. Two case study DHNs in Espoo and Kuopio are simulated using EnergyPro with an optimization routine to minimize production costs. The results of February and December were compared, and they show that the heat pumps maintain their competitiveness even with high electricity prices in Espoo, where the production relies still heavily on imported natural gas. However, in Kuopio, where peat and biomass are the most important fuels, high electricity price makes the heat pumps significantly less attractive.
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| openaire: EC/H2020/856602/EU//FINEST TWINS Funding Information: ACKNOWLEDGMENT This research was funded by EU 2020 Grant Agreement number 856602 – FINEST TWINS project and Academy of Finland through Grant 326346 for profiling funding 5 for Energy Storage. Nima Javanshir and Pauli Hiltunen both contributed equally to this conference paper. Publisher Copyright: © 2022 IEEE.
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Javanshir , N , Hiltunen , P & Syri , S 2022 , Is Electrified Low-Carbon District Heating Able to Manage Electricity Price Shocks? in 18th International Conference on the European Energy Market, EEM 2022 . International Conference on the European Energy Market , vol. 2022-September , IEEE , International Conference on the European Energy Market , Ljubljana , Slovenia , 13/09/2022 . https://doi.org/10.1109/EEM54602.2022.9921029