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ID: 186417

Modelling-based assessment of EU supported natural gas projects of common interest / Selei, Adrienn; Tóth, BorbálaTakácsné

Selei, Adrienn	Journal Article
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Summary/Abstract

Between 2013 and 2020 the EU set up a complex institutional system to select and support the implementation of energy infrastructure projects that are of European interest (PCIs). EUR 1.4 billion EU support was awarded to 16 natural gas projects between 2014 and 2019, most of them are still under construction. With the decarbonization agenda emerging, fossil investments have a limited lifetime to recover their investment. To assess the net socio-economic benefits of the gas PCI projects a modelling-based cost benefit analysis was applied. Results revealed that the cross-border projects that were implemented so far have a joint socio-economic benefit/cost ratio (B/C) above 1 even in the most conservative scenario setups. The ones with a final investment decision would need to face a high gas price environment in the future to push the B/C above 1, which is the reality since 2021. The other projects on the full EU list of PCIs are not beneficial as a single group, as they serve similar needs. Some individual non-FID projects are though promising.

Key Words

Modelling ; Welfare Analysis ; Decarbonization ; CBA ; Gas Infrastructure

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ID: 117246

Review of the costs and benefits of demand response for electri / Bradley, Peter; Leach, Matthew; Torriti, Jacopo

Torriti, Jacopo	Journal Article
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2013.

Summary/Abstract

The recent policy discussion in the UK on the economic case for demand response (DR) calls for a reflection on available evidence regarding its costs and benefits. Existing studies tend to consider the size of investments and returns of certain forms of DR in isolation and do not consider economic welfare effects. From review of existing studies, policy documents, and some simple modelling of benefits of DR in providing reserve for unforeseen events, we demonstrate that the economic case for DR in UK electricity markets is positive. Consideration of economic welfare gains is provided.

Key Words

Economic ; Demand Response ; CBA

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