Energy Strategy Reviews (Jul 2024)
The REPowerEU policy’s impact on the Nordic power system
Abstract
Energy system models provide us with scenarios for the future energy system, supporting our understanding of the impact of societal changes and adopted policies. To front-load the EU’Fit for 55’ package for 2030 and targets of replacing imported natural gas with renewable electricity, the Nordic countries could contribute by exporting additional electricity to mainland Europe. This paper describes a comparative study including five energy system models – GENeSYS-MOD, ON-TIMES, IFE-TIMES-Norway, highRES, and IntERACT, exploring two decarbonisation scenarios leading up to 2050. The scenarios involved simulating an additional 30 TWh electricity export requirement from 2030. Key findings include Denmark and Norway emerging as major net exporters, with Denmark covering over 60% of the additional export. The models predict that 76%–82% of the new electricity production will come from wind power, split between onshore and offshore installations, highlighting significant investment requirements. These results underscore the Nordic countries’ capacity to support the EU’s renewable energy targets, with wind power being pivotal. This research offers a broad overview over different modelling tools and their behaviour and provides critical insights for policymakers, stressing the need for coordinated Nordic efforts to maximise the benefits of increased electricity exports while ensuring energy system stability and cost-efficiency.