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SETProject_Samuli honkapuro_110516

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Presentation in Electricity markets in disruption Research Seminar, Helsinki, Finland, 11.5.2016

Published in: Technology
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SETProject_Samuli honkapuro_110516

  1. 1. Aalto University School of Business​ Aalto University School of Art and Design​ Finnish Environment Institute (Syke)​ Consumer Society Research Centre, University of Helsinki​ Lappeenranta University of Technology​ Science Policy Research Unit (SPRU)/Sussex University​ VATT Institute for Economic Research​ VTT Technical Research Centre​ Motiva, City of Lappeenranta, Heureka, FinPro
  2. 2. Key disruptive technologies – game changers  Mass production based technology  Weather dependent electricity generation  Low operation costs  Unlimited sustainable, cost efficient energy source  Everyone and everything is connected to internet of something  ‘Unlimited’ potential for data acquisition and data analytics  New possibilities for demand side management  Efficient use of capacity of energy system and power balance management  Engaging consumers/prosumers by novel digital services  Energy storages  Digitalization  Wind and solar generation  New tools for power balance management  Substitute for declining inertia  Support the integration of the intermittent generation  Increase the capacity utilization rate  Distributed storages in EVs
  3. 3. Electricity Market objectives Sustainability Renewable generation Storages Demand response Flexible production New transmission lines “fuel” is free; low variable costs, Impacts on dispatching and operation times of power plants More uncontrollable renewable based production having high output variation, new challenges in intermittency, lack of controllable production, lack of inertia More renewable based production, excellent sustainability Need for the development of the market design and energy policy to promote smart energy transition Incentives for cost-efficient investments to RES and flexibility (risks = costs) Promote the participation of demand side resources Appropriate resolution of markets (time and geography) Market wide co-operation in the building of the cross-border transmission capacity Cost reflective pricing Impacts ofRES RESintegration supporting solutions
  4. 4. Finland can benefit from the energy disruption by pro-active participation in the technology and market development 4

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