Climate change and its impact on optimization, simulation and expansion strategies in a small renewable and hydro-thermal power system

This paper represents a summary of Iceland's energy resources and the recent development of the energy intensive industry, in particular aluminium production. The benefits of the renewable energy system are outlined regarding aluminium production and the impact of climate change is discussed. In addition simulation models to study the behaviour of the Icelandic power system are reviewed and a brief discussion is presented on the possible benefits of climate change on the renewable hydroelectric power system in terms of increased inflow in glacial rivers.