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

dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorJavanshir, Nimaen_US
dc.contributor.authorHiltunen, Paulien_US
dc.contributor.authorSyri, Sannaen_US
dc.contributor.departmentEnergy efficiency and systemsen_US
dc.contributor.departmentDepartment of Mechanical Engineeringen
dc.date.accessioned2022-11-23T08:01:50Z
dc.date.available2022-11-23T08:01:50Z
dc.date.issued2022en_US
dc.description| 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.
dc.description.abstractTo 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.en
dc.description.versionPeer revieweden
dc.format.extent5
dc.identifier.citationJavanshir , 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/EEM54602.2022.9921029en
dc.identifier.doi10.1109/EEM54602.2022.9921029en_US
dc.identifier.isbn9781665408967
dc.identifier.issn2165-4077
dc.identifier.issn2165-4093
dc.identifier.otherPURE UUID: 94eb18f1-14f8-46b4-9ae1-42dd0aae4fbfen_US
dc.identifier.otherPURE ITEMURL: https://research.aalto.fi/en/publications/94eb18f1-14f8-46b4-9ae1-42dd0aae4fbfen_US
dc.identifier.otherPURE LINK: http://www.scopus.com/inward/record.url?scp=85141131837&partnerID=8YFLogxKen_US
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/117844
dc.identifier.urnURN:NBN:fi:aalto-202211236604
dc.language.isoenen
dc.relationinfo:eu-repo/grantAgreement/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.en_US
dc.relation.ispartofInternational Conference on the European Energy Marketen
dc.relation.ispartofseries18th International Conference on the European Energy Market, EEM 2022en
dc.relation.ispartofseriesInternational Conference on the European Energy Market, EEMen
dc.relation.ispartofseriesVolume 2022-Septemberen
dc.rightsrestrictedAccessen
dc.titleIs Electrified Low-Carbon District Heating Able to Manage Electricity Price Shocks?en
dc.typeConference article in proceedingsfi
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