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A hybrid model for the optimum integration of renewable technologies in power generation systems

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  • Poullikkas, Andreas
  • Kourtis, George
  • Hadjipaschalis, Ioannis

Abstract

The main purpose of this work is to assess the unavoidable increase in the cost of electricity of a generation system by the integration of the necessary renewable energy sources for power generation (RES-E) technologies in order for the European Union Member States to achieve their national RES energy target. The optimization model developed uses a genetic algorithm (GA) technique for the calculation of both the additional cost of electricity due to the penetration of RES-E technologies as well as the required RES-E levy in the electricity bills in order to fund this RES-E penetration. Also, the procedure enables the estimation of the optimum feed-in-tariff to be offered to future RES-E systems. Also, the overall cost increase in the electricity sector for the promotion of RES-E technologies, for the period 2010-2020, is analyzed taking into account factors, such as, the fuel avoidance cost, the carbon dioxide emissions avoidance cost, the conventional power system increased operation cost, etc. The overall results indicate that in the case of RES-E investments with internal rate of return (IRR) of 10% the cost of integration is higher, compared to RES-E investments with no profit, (i.e., IRR at 0%) by 0.3-0.5Â [euro]c/kWh (in real prices), depending on the RES-E penetration level.

Suggested Citation

  • Poullikkas, Andreas & Kourtis, George & Hadjipaschalis, Ioannis, 2011. "A hybrid model for the optimum integration of renewable technologies in power generation systems," Energy Policy, Elsevier, vol. 39(2), pages 926-935, February.
    • Handle: RePEc:eee:enepol:v:39:y:2011:i:2:p:926-935
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    References listed on IDEAS

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    1. Poullikkas, Andreas & Hadjipaschalis, Ioannis & Kourtis, George, 2010. "The cost of integration of parabolic trough CSP plants in isolated Mediterranean power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(5), pages 1469-1476, June.
    2. Poullikkas, Andreas, 2009. "Parametric cost-benefit analysis for the installation of photovoltaic parks in the island of Cyprus," Energy Policy, Elsevier, vol. 37(9), pages 3673-3680, September.
    3. Poullikkas, Andreas, 2007. "Implementation of distributed generation technologies in isolated power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(1), pages 30-56, January.
    4. Poullikkas, Andreas, 2009. "Economic analysis of power generation from parabolic trough solar thermal plants for the Mediterranean region--A case study for the island of Cyprus," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2474-2484, December.
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    2. Taliotis, Constantinos & Taibi, Emanuele & Howells, Mark & Rogner, Holger & Bazilian, Morgan & Welsch, Manuel, 2017. "Renewable energy technology integration for the island of Cyprus: A cost-optimization approach," Energy, Elsevier, vol. 137(C), pages 31-41.
    3. Mondal, Md. Alam Hossain & Kennedy, Scott & Mezher, Toufic, 2014. "Long-term optimization of United Arab Emirates energy future: Policy implications," Applied Energy, Elsevier, vol. 114(C), pages 466-474.
    4. Taliotis, Constantinos & Rogner, Holger & Ressl, Stephan & Howells, Mark & Gardumi, Francesco, 2017. "Natural gas in Cyprus: The need for consolidated planning," Energy Policy, Elsevier, vol. 107(C), pages 197-209.
    5. Pratama, Yoga Wienda & Purwanto, Widodo Wahyu & Tezuka, Tetsuo & McLellan, Benjamin Craig & Hartono, Djoni & Hidayatno, Akhmad & Daud, Yunus, 2017. "Multi-objective optimization of a multiregional electricity system in an archipelagic state: The role of renewable energy in energy system sustainability," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 423-439.
    6. Al-Tajer, Yaseen & Poullikkas, Andreas, 2015. "Parametric analysis for the implementation of wind power in United Arab Emirates," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 635-644.
    7. Kumar, Rajesh & Agarwala, Arun, 2013. "Energy certificates REC and PAT sustenance to energy model for India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 315-323.
    8. Zachariadis, Theodoros & Taibi, Emanuele, 2015. "Exploring drivers of energy demand in Cyprus – Scenarios and policy options," Energy Policy, Elsevier, vol. 86(C), pages 166-175.
    9. Zachariadis, Theodoros & Poullikkas, Andreas, 2012. "The costs of power outages: A case study from Cyprus," Energy Policy, Elsevier, vol. 51(C), pages 630-641.
    10. Purwanto, Widodo Wahyu & Pratama, Yoga Wienda & Nugroho, Yulianto Sulistyo & Warjito, & Hertono, Gatot Fatwanto & Hartono, Djoni & Deendarlianto, & Tezuka, Tetsuo, 2015. "Multi-objective optimization model for sustainable Indonesian electricity system: Analysis of economic, environment, and adequacy of energy sources," Renewable Energy, Elsevier, vol. 81(C), pages 308-318.

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