IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v137y2017icp31-41.html
   My bibliography  Save this article

Renewable energy technology integration for the island of Cyprus: A cost-optimization approach

Author

Listed:
  • Taliotis, Constantinos
  • Taibi, Emanuele
  • Howells, Mark
  • Rogner, Holger
  • Bazilian, Morgan
  • Welsch, Manuel

Abstract

In light of the ongoing financial crisis, Cyprus is called to transform its energy sector. The high electricity cost has been recognized as a priority issue and authorities on the island are considering several available options to reduce electricity tariffs. A fuel switch from oil to gas, domestic or imported, an electrical cross-border interconnection and a rapid increase in the share of renewable energy are among the major options being considered. Focusing on the power supply of Cyprus, the present study uses a cost-optimization tool to investigate the impact of different combinations of policy decision, resulting in a series of different scenarios, with some common key findings, with the aim of directly informing future energy policy decisions. Results indicate that renewable energy technologies will play a major role regardless the decisions taken. However, a set of enabling regulatory and market changes on the horizon might prevent least-cost deployment of renewables to take place. This study will review the findings and make some recommendations on the achievement of this optimal pathways for the evolution of Cyprus electricity sector.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:energy:v:137:y:2017:i:c:p:31-41
    DOI: 10.1016/j.energy.2017.07.015
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S036054421731191X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2017.07.015?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. 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.
    2. Narbel, Patrick A., 2014. "Rethinking how to support intermittent renewables," Discussion Papers 2014/17, Norwegian School of Economics, Department of Business and Management Science.
    3. Narbel, Patrick A., 2014. "Rethinking how to support intermittent renewables," Energy, Elsevier, vol. 77(C), pages 414-421.
    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. Qu, Kaiping & Yu, Tao & Huang, Linni & Yang, Bo & Zhang, Xiaoshun, 2018. "Decentralized optimal multi-energy flow of large-scale integrated energy systems in a carbon trading market," Energy, Elsevier, vol. 149(C), pages 779-791.
    2. Michail Tsangas & Mejdi Jeguirim & Lionel Limousy & Antonis Zorpas, 2019. "The Application of Analytical Hierarchy Process in Combination with PESTEL-SWOT Analysis to Assess the Hydrocarbons Sector in Cyprus," Energies, MDPI, vol. 12(5), pages 1-17, February.
    3. Selosse, Sandrine & Ricci, Olivia & Garabedian, Sabine & Maïzi, Nadia, 2018. "Exploring sustainable energy future in Reunion Island," Utilities Policy, Elsevier, vol. 55(C), pages 158-166.
    4. Demetriou, E. & Mallouppas, G. & Hadjistassou, C., 2021. "Embracing carbon neutral electricity and transportation sectors in Cyprus," Energy, Elsevier, vol. 229(C).
    5. Mendoza-Vizcaino, Javier & Raza, Muhammad & Sumper, Andreas & Díaz-González, Francisco & Galceran-Arellano, Samuel, 2019. "Integral approach to energy planning and electric grid assessment in a renewable energy technology integration for a 50/50 target applied to a small island," Applied Energy, Elsevier, vol. 233, pages 524-543.

    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. Soria, Rafael & Portugal-Pereira, Joana & Szklo, Alexandre & Milani, Rodrigo & Schaeffer, Roberto, 2015. "Hybrid concentrated solar power (CSP)–biomass plants in a semiarid region: A strategy for CSP deployment in Brazil," Energy Policy, Elsevier, vol. 86(C), pages 57-72.
    2. Vinyals, Meritxell, 2021. "Scalable multi-agent local energy trading — Meeting regulatory compliance and validation in the Cardiff grid," Applied Energy, Elsevier, vol. 298(C).
    3. Hu, Jing & Harmsen, Robert & Crijns-Graus, Wina & Worrell, Ernst & van den Broek, Machteld, 2018. "Identifying barriers to large-scale integration of variable renewable electricity into the electricity market: A literature review of market design," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2181-2195.
    4. Hansen, J.P. & Narbel, P.A. & Aksnes, D.L., 2017. "Limits to growth in the renewable energy sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 769-774.
    5. Amedeo Argentiero, Tarek Atalla, Simona Bigerna, Silvia Micheli, and Paolo Polinori, 2017. "Comparing Renewable Energy Policies in EU-15, U.S. and China: A Bayesian DSGE Model," The Energy Journal, International Association for Energy Economics, vol. 0(KAPSARC S).
    6. Mihaylov, Mihail & Rădulescu, Roxana & Razo-Zapata, Iván & Jurado, Sergio & Arco, Leticia & Avellana, Narcís & Nowé, Ann, 2019. "Comparing stakeholder incentives across state-of-the-art renewable support mechanisms," Renewable Energy, Elsevier, vol. 131(C), pages 689-699.
    7. Dufo-López, Rodolfo & Bernal-Agustín, José L., 2015. "A comparative assessment of net metering and net billing policies. Study cases for Spain," Energy, Elsevier, vol. 84(C), pages 684-694.
    8. Cerdá, Emilio & del Río, Pablo, 2015. "Different interpretations of the cost-effectiveness of renewable electricity support: Some analytical results," Energy, Elsevier, vol. 90(P1), pages 286-298.
    9. Masoumzadeh, Amin & Alpcan, Tansu & Nekouei, Ehsan, 2020. "Designing tax and subsidy incentives towards a green and reliable electricity market," Energy, Elsevier, vol. 195(C).
    10. Zhou, Sheng & Wang, Yu & Zhou, Yuyu & Clarke, Leon E. & Edmonds, James A., 2018. "Roles of wind and solar energy in China’s power sector: Implications of intermittency constraints," Applied Energy, Elsevier, vol. 213(C), pages 22-30.
    11. Coester, Andreas & Hofkes, Marjan W. & Papyrakis, Elissaios, 2018. "Economics of renewable energy expansion and security of supply: A dynamic simulation of the German electricity market," Applied Energy, Elsevier, vol. 231(C), pages 1268-1284.
    12. 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.
    13. 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.
    14. 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.
    15. 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.
    16. 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.
    17. 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.
    18. Juaidi, Adel & Montoya, Francisco G. & Gázquez, Jose A. & Manzano-Agugliaro, Francisco, 2016. "An overview of energy balance compared to sustainable energy in United Arab Emirates," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 1195-1209.
    19. 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.
    20. Zachariadis, Theodoros & Poullikkas, Andreas, 2012. "The costs of power outages: A case study from Cyprus," Energy Policy, Elsevier, vol. 51(C), pages 630-641.

    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:energy:v:137:y:2017:i:c:p:31-41. 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.journals.elsevier.com/energy .

    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.