Electricity in Europe: exiting fossil fuels?
File(s)Green Staffell Oxrep 2015 ~ final accepted.pdf (331.98 KB) Oxf Rev Econ Policy-2016-Green-282-303.pdf (3.45 MB)
Accepted version
Published version
Author(s)
Green, RJ
Staffell
Type
Journal Article
Abstract
There are many options for generating electricity with low carbon emissions, and the electrification of heat
and transport can decarbonise energy use across the economy. This places the power sector at the forefront
of any move away from fossil fuels, even though fossil-fuelled generators are more dependable and flexible
than nuclear reactors or intermittent renewables, and vital for the second-by-second balancing of supply and
demand. Renewables tend to supplement, rather than replace, fossil capacity, although output from fossilfuelled
stations will fall and some will have to retire to avoid depressing wholesale power prices. At times of
low demand and high renewable output prices can turn negative, but electricity storage, long-distance
interconnection and flexible demand may develop to absorb any excess generation. Simulations for Great
Britain show that while coal may be eliminated from the mix within a decade, natural gas has a long-term
role in stations with or without carbon capture and storage, depending on its cost and the price of carbon.
and transport can decarbonise energy use across the economy. This places the power sector at the forefront
of any move away from fossil fuels, even though fossil-fuelled generators are more dependable and flexible
than nuclear reactors or intermittent renewables, and vital for the second-by-second balancing of supply and
demand. Renewables tend to supplement, rather than replace, fossil capacity, although output from fossilfuelled
stations will fall and some will have to retire to avoid depressing wholesale power prices. At times of
low demand and high renewable output prices can turn negative, but electricity storage, long-distance
interconnection and flexible demand may develop to absorb any excess generation. Simulations for Great
Britain show that while coal may be eliminated from the mix within a decade, natural gas has a long-term
role in stations with or without carbon capture and storage, depending on its cost and the price of carbon.
Date Issued
2016-04-21
Date Acceptance
2016-01-05
Citation
Oxford Review of Economic Policy, 2016, 32 (2), pp.282-303
ISSN
1460-2121
Publisher
Oxford University Press (OUP)
Start Page
282
End Page
303
Journal / Book Title
Oxford Review of Economic Policy
Volume
32
Issue
2
Copyright Statement
© The Authors 2016. Published by Oxford University Press. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/3.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited.
License URL
Sponsor
Engineering & Physical Science Research Council (EPSRC)
Grant Number
EP/L024756/1
Subjects
Q4
L94
Publication Status
Published