IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v36y2008i6p1980-1999.html
   My bibliography  Save this article

Post-Kyoto energy consumption strategies for the Greek interconnected electric system

Author

Listed:
  • Dagoumas, A.S.
  • Panapakidis, I.P.
  • Papagiannis, G.K.
  • Dokopoulos, P.S.

Abstract

The liberalization of the Greek electric market (Law 2773/99, updated with Laws 3175/2003 and 3426/2005 for incorporating Directive 2003/54 into the Greek legislation) is in its final structural transformation, which includes the fact that from 1.7.2007 each customer can select its electricity provider. This new status together with the procedure towards the formation of a post-Kyoto plan, raise the need of examining different energy saving strategies in the consumption side for evaluating their economic and environmental consequences. Such strategies may be useful for the decision makers or the electricity retail companies. This paper examines the influence of several post-Kyoto electricity consumption strategies in the Greek interconnected electric system for the period 2005-2025. The aim of the paper is to be used as a decision makers' tool for investigating the potential of electricity consumption policies. The results show that policies related either to seasonal peak demand control, or targeting at the total electric consumption lead to significant gains and emission reduction. Moreover the influence of factors, such as the weather conditions, the discount rate of the energy investments, the fuel prices evolution and the consumers' behavior linkage with oil prices are examined.

Suggested Citation

  • Dagoumas, A.S. & Panapakidis, I.P. & Papagiannis, G.K. & Dokopoulos, P.S., 2008. "Post-Kyoto energy consumption strategies for the Greek interconnected electric system," Energy Policy, Elsevier, vol. 36(6), pages 1980-1999, June.
  • Handle: RePEc:eee:enepol:v:36:y:2008:i:6:p:1980-1999
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(08)00070-0
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Vassos, Spyros & Vlachou, Andriana, 1997. "Investigating strategies to reduce CO2 emissions from the electricity sector: the case of Greece," Energy Policy, Elsevier, vol. 25(3), pages 327-336, February.
    2. Chang, Yoosoon & Martinez-Chombo, Eduardo, 2003. "Electricity Demand Analysis Using Cointegration and Error-Correction Models with Time Varying Parameters: The Mexican Case," Working Papers 2003-08, Rice University, Department of Economics.
    3. Mirasgedis, S. & Sarafidis, Y. & Georgopoulou, E. & Lalas, D. P., 2002. "The role of renewable energy sources within the framework of the Kyoto Protocol: the case of Greece," Renewable and Sustainable Energy Reviews, Elsevier, vol. 6(3), pages 247-269, September.
    4. Agoris, D. & Tigas, K. & Giannakidis, G. & Siakkis, F. & Vassos, S. & Vassilakos, N. & Kilias, V. & Damassiotis, M., 2004. "An analysis of the Greek energy system in view of the Kyoto commitments," Energy Policy, Elsevier, vol. 32(18), pages 2019-2033, December.
    5. Kaldellis, J. K. & Vlachou, D. S. & Korbakis, G., 2005. "Techno-economic evaluation of small hydro power plants in Greece: a complete sensitivity analysis," Energy Policy, Elsevier, vol. 33(15), pages 1969-1985, October.
    6. N/A, 2006. "The UK Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 196(1), pages 40-59, April.
    7. Gellings, Clark W. & Wikler, Greg & Ghosh, Debyani, 2006. "Assessment of U.S. Electric End-Use Energy Efficiency Potential," The Electricity Journal, Elsevier, vol. 19(9), pages 55-69, November.
    8. Krukanont, Pongsak & Tezuka, Tetsuo, 2007. "Implications of capacity expansion under uncertainty and value of information: The near-term energy planning of Japan," Energy, Elsevier, vol. 32(10), pages 1809-1824.
    9. Dagoumas, A.S. & Kalaitzakis, E. & Papagiannis, G.K. & Dokopoulos, P.S., 2007. "A post-Kyoto analysis of the Greek electric sector," Energy Policy, Elsevier, vol. 35(3), pages 1551-1563, March.
    10. Erdogdu, Erkan, 2007. "Electricity demand analysis using cointegration and ARIMA modelling: A case study of Turkey," Energy Policy, Elsevier, vol. 35(2), pages 1129-1146, February.
    11. Zachariadis, Theodoros & Pashourtidou, Nicoletta, 2007. "An empirical analysis of electricity consumption in Cyprus," Energy Economics, Elsevier, vol. 29(2), pages 183-198, March.
    12. Dagoumas, A.S. & Papagiannis, G.K. & Dokopoulos, P.S., 2006. "An economic assessment of the Kyoto Protocol application," Energy Policy, Elsevier, vol. 34(1), pages 26-39, January.
    13. Hondroyiannis, George, 2004. "Estimating residential demand for electricity in Greece," Energy Economics, Elsevier, vol. 26(3), pages 319-334, May.
    14. Malik, Arif S., 2007. "Impact on power planning due to demand-side management (DSM) in commercial and government sectors with rebound effect—A case study of central grid of Oman," Energy, Elsevier, vol. 32(11), pages 2157-2166.
    15. Papagiannis, G. & Dagoumas, A. & Lettas, N. & Dokopoulos, P., 2008. "Economic and environmental impacts from the implementation of an intelligent demand side management system at the European level," Energy Policy, Elsevier, vol. 36(1), pages 163-180, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Angelopoulos, Dimitrios & Siskos, Yannis & Psarras, John, 2019. "Disaggregating time series on multiple criteria for robust forecasting: The case of long-term electricity demand in Greece," European Journal of Operational Research, Elsevier, vol. 275(1), pages 252-265.
    2. Roinioti, Argiro & Koroneos, Christopher & Wangensteen, Ivar, 2012. "Modeling the Greek energy system: Scenarios of clean energy use and their implications," Energy Policy, Elsevier, vol. 50(C), pages 711-722.
    3. Rampidis, I.M. & Giannakopoulos, D. & Bergeles, G.C., 2010. "Insight into the Greek electric sector and energy planning with mature technologies and fuel diversification," Energy Policy, Elsevier, vol. 38(8), pages 4076-4088, August.
    4. Halkos, George & Tzeremes, Panagiotis, 2015. "Scenario analysis on greenhouse gas emissions reduction in Southeast Balkans' energy system," MPRA Paper 65280, University Library of Munich, Germany.
    5. Kalampalikas, Nikolaos G. & Pilavachi, Petros A., 2010. "A model for the development of a power production system in Greece, Part I: Where RES do not meet EU targets," Energy Policy, Elsevier, vol. 38(11), pages 6499-6513, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dagoumas, A.S. & Kalaitzakis, E. & Papagiannis, G.K. & Dokopoulos, P.S., 2007. "A post-Kyoto analysis of the Greek electric sector," Energy Policy, Elsevier, vol. 35(3), pages 1551-1563, March.
    2. Koltsaklis, Nikolaos E. & Liu, Pei & Georgiadis, Michael C., 2015. "An integrated stochastic multi-regional long-term energy planning model incorporating autonomous power systems and demand response," Energy, Elsevier, vol. 82(C), pages 865-888.
    3. Voumvoulakis, Emmanouil & Asimakopoulou, Georgia & Danchev, Svetoslav & Maniatis, George & Tsakanikas, Aggelos, 2012. "Large scale integration of intermittent renewable energy sources in the Greek power sector," Energy Policy, Elsevier, vol. 50(C), pages 161-173.
    4. Dagoumas, Athanasios S. & Koltsaklis, Nikolaos E., 2019. "Review of models for integrating renewable energy in the generation expansion planning," Applied Energy, Elsevier, vol. 242(C), pages 1573-1587.
    5. Kalampalikas, Nikolaos G. & Pilavachi, Petros A., 2010. "A model for the development of a power production system in Greece, Part I: Where RES do not meet EU targets," Energy Policy, Elsevier, vol. 38(11), pages 6499-6513, November.
    6. Tiwari, Aviral Kumar & Menegaki, Angeliki N., 2019. "A time varying approach on the price elasticity of electricity in India during 1975–2013," Energy, Elsevier, vol. 183(C), pages 385-397.
    7. Theologos Dergiades & Lefteris Tsoulfidis, 2011. "Revisiting residential demand for electricity in Greece: new evidence from the ARDL approach to cointegration analysis," Empirical Economics, Springer, vol. 41(2), pages 511-531, October.
    8. Dergiades, Theologos & Tsoulfidis, Lefteris, 2008. "Estimating residential demand for electricity in the United States, 1965-2006," Energy Economics, Elsevier, vol. 30(5), pages 2722-2730, September.
    9. Espinosa Acuña, Óscar A. & Vaca González, Paola A. & Avila Forero, Raúl A., 2013. "Elasticidades de demanda por electricidad e impactos macroecon_omicos del precio de la energía eléctrica en Colombia || Elasticity of Electricity Demand and Macroeconomics Impacts of Electricity Price," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 16(1), pages 216-249, December.
    10. Lindemann, Henrik, 2015. "Regulatory Objectives and the Intensity of Unbundling in Electricity Markets," Hannover Economic Papers (HEP) dp-544, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    11. Hatzigeorgiou, Emmanouil & Polatidis, Heracles & Haralambopoulos, Dias, 2011. "CO2 emissions, GDP and energy intensity: A multivariate cointegration and causality analysis for Greece, 1977-2007," Applied Energy, Elsevier, vol. 88(4), pages 1377-1385, April.
    12. Yong Zeng & Yanpeng Cai & Guohe Huang & Jing Dai, 2011. "A Review on Optimization Modeling of Energy Systems Planning and GHG Emission Mitigation under Uncertainty," Energies, MDPI, vol. 4(10), pages 1-33, October.
    13. Adom, Philip Kofi & Bekoe, William & Akoena, Sesi Kutri Komla, 2012. "Modelling aggregate domestic electricity demand in Ghana: An autoregressive distributed lag bounds cointegration approach," Energy Policy, Elsevier, vol. 42(C), pages 530-537.
    14. Taseska, V. & Markovska, N. & Causevski, A. & Bosevski, T. & Pop-Jordanov, J., 2011. "Greenhouse gases (GHG) emissions reduction in a power system predominantly based on lignite," Energy, Elsevier, vol. 36(4), pages 2266-2270.
    15. Nakajima, Tadahiro & Hamori, Shigeyuki, 2010. "Change in consumer sensitivity to electricity prices in response to retail deregulation: A panel empirical analysis of the residential demand for electricity in the United States," Energy Policy, Elsevier, vol. 38(5), pages 2470-2476, May.
    16. Akihiro Otsuka, 2019. "Natural disasters and electricity consumption behavior: a case study of the 2011 Great East Japan Earthquake," Asia-Pacific Journal of Regional Science, Springer, vol. 3(3), pages 887-910, October.
    17. Halkos, George & Tzeremes, Panagiotis, 2015. "Scenario analysis on greenhouse gas emissions reduction in Southeast Balkans' energy system," MPRA Paper 65280, University Library of Munich, Germany.
    18. Julián Pérez-García & Julián Moral-Carcedo, 2017. "Why Electricity Demand Is Highly Income-Elastic in Spain: A Cross-Country Comparison Based on an Index-Decomposition Analysis," Energies, MDPI, vol. 10(3), pages 1-20, March.
    19. Naeem Ur Rehman, Khattak & Tariq, Muhammad & Khan, Jangraiz, 2010. "Determinants of Household’s Demand for Electricity in District Peshawar," MPRA Paper 56007, University Library of Munich, Germany, revised 2010.
    20. Theodoridou, Ifigeneia & Karteris, Marinos & Mallinis, Georgios & Papadopoulos, Agis M. & Hegger, Manfred, 2012. "Assessment of retrofitting measures and solar systems' potential in urban areas using Geographical Information Systems: Application to a Mediterranean city," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(8), pages 6239-6261.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:36:y:2008:i:6:p:1980-1999. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.