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Linking least-cost energy system costs models with MCA: An assessment of the EU renewable energy targets and supporting policies

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  • Oikonomou, V.
  • Flamos, A.
  • Gargiulo, M.
  • Giannakidis, G.
  • Kanudia, A.
  • Spijker, E.
  • Grafakos, S.

Abstract

There are several technoeconomic modeling approaches that provide quantitative results such as costs and the level of achievement of certain renewable energy (RE) policy targets. These approaches often do not consider other important factors for policy implementation (such as socio-political aspects and stakeholders' preferences). Recent multicriteria analysis (MCA) approaches attempt to integrate these multiple aspects in decision making process. In this respect, aim of this paper is to combine technoeconomic modeling and MCA approaches in a general analytical framework incorporating multiple aspects. Each method in an RE policy interaction problem can feed in the necessary policy information for the subsequent steps of an ex-ante and an ex-post assessment in a decision tree, starting from recognizing the need for implementing a new policy in parallel to the incumbent ones, assessing the actual policy costs and finally identifying the social acceptability of these RE policies.

Suggested Citation

  • Oikonomou, V. & Flamos, A. & Gargiulo, M. & Giannakidis, G. & Kanudia, A. & Spijker, E. & Grafakos, S., 2011. "Linking least-cost energy system costs models with MCA: An assessment of the EU renewable energy targets and supporting policies," Energy Policy, Elsevier, vol. 39(5), pages 2786-2799, May.
  • Handle: RePEc:eee:enepol:v:39:y:2011:i:5:p:2786-2799
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    References listed on IDEAS

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    Cited by:

    1. Aikaterini Papapostolou & Charikleia Karakosta & Haris Doukas, 2017. "Analysis of policy scenarios for achieving renewable energy sources targets: A fuzzy TOPSIS approach," Energy & Environment, , vol. 28(1-2), pages 88-109, March.
    2. Rosenberg, Eva & Lind, Arne & Espegren, Kari Aamodt, 2013. "The impact of future energy demand on renewable energy production – Case of Norway," Energy, Elsevier, vol. 61(C), pages 419-431.
    3. Ribeiro, Fernando & Ferreira, Paula & Araújo, Madalena, 2013. "Evaluating future scenarios for the power generation sector using a Multi-Criteria Decision Analysis (MCDA) tool: The Portuguese case," Energy, Elsevier, vol. 52(C), pages 126-136.
    4. Sotiris Papadelis & Vasssilis Stavrakas & Alexandros Flamos, 2016. "What Do Capacity Deployment Rates Tell Us about the Efficiency of Electricity Generation from Renewable Energy Sources Support Measures in Greece?," Energies, MDPI, vol. 9(1), pages 1-16, January.
    5. Spyridaki, Niki-Artemis & Banaka, Stefania & Flamos, Alexandros, 2016. "Evaluating public policy instruments in the Greek building sector," Energy Policy, Elsevier, vol. 88(C), pages 528-543.
    6. Pérez de Arce, Miguel & Sauma, Enzo & Contreras, Javier, 2016. "Renewable energy policy performance in reducing CO2 emissions," Energy Economics, Elsevier, vol. 54(C), pages 272-280.
    7. Seixas, J. & Simões, S. & Dias, L. & Kanudia, A. & Fortes, P. & Gargiulo, M., 2015. "Assessing the cost-effectiveness of electric vehicles in European countries using integrated modeling," Energy Policy, Elsevier, vol. 80(C), pages 165-176.
    8. Valentin Bertsch & Wolf Fichtner, 2016. "A participatory multi-criteria approach for power generation and transmission planning," Annals of Operations Research, Springer, vol. 245(1), pages 177-207, October.
    9. Raza, Muhammad Amir & Khatri, Krishan Lal & Hussain, Arslan, 2022. "Transition from fossilized to defossilized energy system in Pakistan," Renewable Energy, Elsevier, vol. 190(C), pages 19-29.
    10. Stelios Grafakos & Elena Marie Enseñado & Alexandros Flamos & Jan Rotmans, 2015. "Mapping and Measuring European Local Governments’ Priorities for a Sustainable and Low-Carbon Energy Future," Energies, MDPI, vol. 8(10), pages 1-26, October.
    11. Spyridaki, N.-A. & Flamos, A., 2014. "A paper trail of evaluation approaches to energy and climate policy interactions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 40(C), pages 1090-1107.

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