Projects: Projects for InvestigatorUKERC Home UKERC Energy Data Centre Projects Choose Investigator All Projects involving ETI-EN1053
|Title||2030 Electricity Price Time Series|
|Energy Categories||OTHER CROSS-CUTTING TECHNOLOGIES or RESEARCH(Energy system analysis) 100%;|
|Research Types||Applied Research and Development 100%|
|Science and Technology Fields||SOCIAL SCIENCES (Economics and Econometrics) 25%;
PHYSICAL SCIENCES AND MATHEMATICS (Applied Mathematics) 25%;
PHYSICAL SCIENCES AND MATHEMATICS (Computer Science and Informatics) 25%;
ENGINEERING AND TECHNOLOGY (Electrical and Electronic Engineering) 25%;
|UKERC Cross Cutting Characterisation||Systems Analysis related to energy R&D (Energy modelling) 100%|
No email address given
Baringa Partners LLP
|Start Date||01 January 2018|
|End Date||31 December 2018|
|Total Grant Value||£100,000|
|Programme||Energy Storage and Distribution|
|Investigators||Principal Investigator||Project Contact , Baringa Partners LLP (100.000%)|
|Objectives||Objectives not supplied|
|Abstract||About the project
This knowledge building project sought to outline a number of price scenarios for the retail price of electricity across a number of different energy vectors in 2030. This was to help build the ETIs evidence base of the operation of future UK energy systems and markets. This was also to stimulate a discussion about the realities of 2030 electricity system operation and uncertainties about this.
This project, which was delivered by Baringa built on their existing time series of hourly supplier electricity costs for 2030. They delivered an hourly electricity price series for 2030 based on traceable assumptions for three different 2030 supply-demand scenarios.
The findings from this project helped inform two existing ETI projects. Firstly, the Consumers, Vehicles and Energy Integration project which sought to understand the required changes to market structures and energy supply systems in order to encourage wider adoption of plug-in vehicles and their integration into the energy system. It also informed the Integrated Heat project which developed a modelling tool to evaluate the opportunities and challenges for electric heating to meet future UK household requirements.
|Added to Database||01/06/20|