Peer-Reviewed Journal Details
Mandatory Fields
Hickey, C;Deane, P;McInerney, C;Gallachoir, BO
2019
March
Energy Policy
Is there a future for the gas network in a low carbon energy system?
Validated
WOS: 8 ()
Optional Fields
NATURAL-GAS POWER-GENERATION GREENHOUSE GASES INVESTMENT UK EMISSIONS TARGETS IMPACTS BRIDGE RISKS
126
480
493
This paper evaluates the potential low carbon opportunities for and challenges to the utilisation and financial performance of Ireland's gas distribution network within a series of low carbon scenarios. There has been a limited amount of academic literature published on the future implications of gas demand on gas networks. This paper takes the unique perspective of assessing the stranded asset risk to a utility operating a gas network in the context of a low carbon energy system. Building on established emissions reduction scenarios, a financial model is developed from an integrated energy system model to understand the financial risks associated with continued investment in gas networks. We find that higher network tariffs are required for consumers in the future to cover network costs, even though gas consumption grows relative to current consumption levels in low carbon scenarios with carbon capture and storage.
OXFORD
0301-4215
10.1016/j.enpol.2018.11.024
Grant Details