Integrated MARKAL-EFOM System (TIMES) Model for Energy Sector Modelling

As climate targets become more critical, an appropriate supportive tools in policy planning are needed. TIMES model is powerful tool for energy scenario analysis allowing assess the impact of potential policy measures. The paper presents the methodology and results for energy sector modelling of Latvia by using TIMES model. To analyse further development of electricity and heating sector, three different scenarios have been compared - reference scenario, which excludes the existing tax policy, baseline scenario which considers the existing policy measures and the scenario which includes different policy measures defined in the National Energy and Climate plan until 2030.