@article{Valeria:263159,
      recid = {263159},
      author = {Valeria Di Cosmo and Sean Collins and Paul Deane},
      title = {The Effect of Increased Transmission and Storage in an  Interconnected Europe: an Application to France and  Ireland},
      address = {2017-09-12},
      number = {841-2017-4405},
      series = {37.2017},
      pages = {34},
      year = {2017},
      abstract = {A longstanding goal of the European Union (EU) is to  promote efficient trading between price zones via  electricity interconnection to achieve a single electricity  market between the EU countries. This paper uses a power  system model (PLEXOS-EU) to simulate one vision of the 2030  EU electricity market based on European Commission studies  to determine the effects of a new interconnector between  France and the Single Electricity Market of Ireland and  Northern Ireland (SEM). We use the same tool to understand  the effects of investment in storage, and the effects of  the interaction between storage and additional  interconnection. Our results show that both investments in  interconnection and storage reduce wholesale electricity  prices in France and Ireland as well as reduce net revenues  of thermal generators in most scenarios in both countries.  However, France is only marginally affected by the new  interconnector. Renewable generators see a modest increase  in net revenues. The project has the potential for a  positive impact on welfare in Ireland if costs are shared  between countries and remain below 45 million €/year for  the scenarios examined. The owners of the new  interconnector between France and SEM see increased net  revenues in the scenarios without storage. When storage is  included in the system, the new interconnector becomes less  profitable.},
      url = {http://ageconsearch.umn.edu/record/263159},
      doi = {https://doi.org/10.22004/ag.econ.263159},
}