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Power utility generation portfolio optimization as function of specific RES and decarbonisation targets – EPBiH case study

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  • Kazagic, Anes
  • Merzic, Ajla
  • Redzic, Elma
  • Music, Mustafa

Abstract

This paper provides guidelines and principles for power utilities to reach specific energy and decarbonisation targets. Method of power generation portfolio optimization, as function of sustainability and decarbonisation, along with appropriate criteria, has been proposed. Application of this optimization method has been demonstrated on a real power system – power utility JP Elektroprivreda BiH d.d. – Sarajevo (EPBiH), a typical example of South East European power system. The software tool WASP IV has been employed in the analysis, in order to define the dynamics and an optimized expansion of generation portfolio of the power system under consideration for the next period. The mid-term generation portfolio development plan for the EPBiH power system until year 2030 has been made during this research, taking into account the shutdown dynamics of existing power units and commissioning new ones, in order to provide safe supply of electric and heat energy for local consumers. Three basic scenario of renewable energy sources (RES) expansion have been analysed to reach specific RES and decarbonisation targets set for 2030, including RES share increase from the current level of 18% up to 35% (LOW RES), 45% (MID RES) and 55% (HIGH RES). Effects to the sustainability are considered through environmental, economic and social indicators. Multicriteria sustainability assessment gave an advantage to the HIGH RES, under assumption of equal weighting factors of economic and environment groups of indicators. Also, single criteria analysis has been made to support sustainability assessment. Results show that, considering the EPBiH generation portfolio planned under HIGH RES, 49% CO2 emissions cut in 2030 compared to 1990 is possible along with further increase of overall energy efficiency of the system. The proposed model can be used in conventional power systems for generation portfolio development as function of specific RES and decarbonisation targets.

Suggested Citation

  • Kazagic, Anes & Merzic, Ajla & Redzic, Elma & Music, Mustafa, 2014. "Power utility generation portfolio optimization as function of specific RES and decarbonisation targets – EPBiH case study," Applied Energy, Elsevier, vol. 135(C), pages 694-703.
    • Handle: RePEc:eee:appene:v:135:y:2014:i:c:p:694-703
    DOI: 10.1016/j.apenergy.2014.09.001
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    2. Thushara, De Silva M. & Hornberger, George M. & Baroud, Hiba, 2019. "Decision analysis to support the choice of a future power generation pathway for Sri Lanka," Applied Energy, Elsevier, vol. 240(C), pages 680-697.
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    5. Arash Farnoosh & Frederic Lantz, 2015. "Decarbonisation of electricity generation in an oil & gas producing country : "A sensitivity analysis over the power sector in Egypt"," Working Papers hal-02475491, HAL.
    6. Lunz, Benedikt & Stöcker, Philipp & Eckstein, Sascha & Nebel, Arjuna & Samadi, Sascha & Erlach, Berit & Fischedick, Manfred & Elsner, Peter & Sauer, Dirk Uwe, 2016. "Scenario-based comparative assessment of potential future electricity systems – A new methodological approach using Germany in 2050 as an example," Applied Energy, Elsevier, vol. 171(C), pages 555-580.
    7. Markovska, Natasa & Duić, Neven & Mathiesen, Brian Vad & Guzović, Zvonimir & Piacentino, Antonio & Schlör, Holger & Lund, Henrik, 2016. "Addressing the main challenges of energy security in the twenty-first century – Contributions of the conferences on Sustainable Development of Energy, Water and Environment Systems," Energy, Elsevier, vol. 115(P3), pages 1504-1512.
    8. Francesco Calise & Mário Costa & Qiuwang Wang & Xiliang Zhang & Neven Duić, 2018. "Recent Advances in the Analysis of Sustainable Energy Systems," Energies, MDPI, vol. 11(10), pages 1-30, September.

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