Thursday, July 12, 2018

Europe: New Factsheet on Potential of Geothermal as a Flexible Renewable Energy

Geothermal as a key flexible player in the European energy market (EGEC)

The Electricity Market Regulation considers renewable power production only as a source of instability, due to the variable or intermittent production of PV and wind technologies. It introduces Capacity Remuneration Mechanisms for dispatchable or flexible generation able to provide grid services to stabilize an electricity market with high renewable penetration. Yet, the debate ignores the potential of flexible renewable production, i.e. geothermal, to provide such grid services.