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@article{Green:2016:oxrep/grw003,
author = {Green, RJ and Staffell},
doi = {oxrep/grw003},
journal = {Oxford Review of Economic Policy},
pages = {282--303},
title = {Electricity in Europe: exiting fossil fuels?},
url = {http://dx.doi.org/10.1093/oxrep/grw003},
volume = {32},
year = {2016}
}

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TY  - JOUR
AB  - There are many options for generating electricity with low carbon emissions, and the electrification of heatand transport can decarbonise energy use across the economy. This places the power sector at the forefrontof any move away from fossil fuels, even though fossil-fuelled generators are more dependable and flexiblethan nuclear reactors or intermittent renewables, and vital for the second-by-second balancing of supply anddemand. Renewables tend to supplement, rather than replace, fossil capacity, although output from fossilfuelledstations will fall and some will have to retire to avoid depressing wholesale power prices. At times oflow demand and high renewable output prices can turn negative, but electricity storage, long-distanceinterconnection and flexible demand may develop to absorb any excess generation. Simulations for GreatBritain show that while coal may be eliminated from the mix within a decade, natural gas has a long-termrole in stations with or without carbon capture and storage, depending on its cost and the price of carbon.
AU  - Green,RJ
AU  - Staffell
DO  - oxrep/grw003
EP  - 303
PY  - 2016///
SN  - 1460-2121
SP  - 282
TI  - Electricity in Europe: exiting fossil fuels?
T2  - Oxford Review of Economic Policy
UR  - http://dx.doi.org/10.1093/oxrep/grw003
UR  - http://hdl.handle.net/10044/1/29487
VL  - 32
ER  -

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