Large scale integration of intermittent renewable energy sources in the Greek power sector

As a member of the European Union, Greece has committed to achieve ambitious targets for the penetration of renewable energy sources (RES) in gross electricity consumption by 2020. Large scale integration of RES requires a suitable mixture of compatible generation units, in order to deal with the intermittency of wind velocity and solar irradiation. The scope of this paper is to examine the impact of large scale integration of intermittent energy sources, required to meet the 2020 RES target, on the generation expansion plan, the fuel mix and the spinning reserve requirements of the Greek electricity system. We perform hourly simulation of the intermittent RES generation to estimate residual load curves on a monthly basis, which are then inputted in a WASP-IV model of the Greek power system. We find that the decarbonisation effort, with the rapid entry of RES and the abolishment of the grandfathering of CO2 allowances, will radically transform the Greek electricity sector over the next 10 years, which has wide-reaching policy implications. ► Greece needs 8.8 to 9.3GW additional RES installations by 2020. ► RES capacity credit varies between 12.2% and 15.3%, depending on interconnections. ► Without institutional changes, the reserve requirements will be more than double. ► New CCGT installed capacity will probably exceed the cost-efficient level. ► Competitive pressures should be introduced in segments other than day-ahead market.