IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v11y2007i4p716-727.html
   My bibliography  Save this article

Multi-criteria decision analysis and cost-benefit analysis of alternative scenarios for the power generation sector in Greece

Author

Listed:
  • Diakoulaki, D.
  • Karangelis, F.

Abstract

This paper examines four mutually exclusive scenarios for the expansion of the Greek electricity system developed by official authorities and representing alternative views on meeting electricity demand. The aim is to encompass all positive and negative side-effects characterizing the electricity generation technologies assumed to participate in each scenario and emphasis is given to the particular role of renewable energy sources which represent a major differentiating factor between them. The calculation of economic, technical and environmental performances of the examined scenarios for the year 2010 shows that electricity planning is a complicated task since improvements in one policy target are accompanied by losses in others. In order to resolve this conflict, the scenarios are comparatively evaluated with two decision support techniques, multicriteria decision analysis and cost-benefit analysis, which are capable of broadening the strict boundaries of a financial analysis while avoiding intuitive solutions that are often applied in practice. Following the two completely different evaluation approaches, it is confirmed that the scenario assuming the highest penetration of renewable energy sources is the best compromise configuration for the Greek power generation sector.

Suggested Citation

  • Diakoulaki, D. & Karangelis, F., 2007. "Multi-criteria decision analysis and cost-benefit analysis of alternative scenarios for the power generation sector in Greece," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(4), pages 716-727, May.
  • Handle: RePEc:eee:rensus:v:11:y:2007:i:4:p:716-727
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364-0321(05)00067-5
    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. JosÉ Figueira & Salvatore Greco & Matthias Ehrogott, 2005. "Multiple Criteria Decision Analysis: State of the Art Surveys," International Series in Operations Research and Management Science, Springer, number 978-0-387-23081-8, April.
    2. Tanatvanit, Somporn & Limmeechokchai, Bundit & Chungpaibulpatana, Supachart, 2003. "Sustainable energy development strategies: implications of energy demand management and renewable energy in Thailand," Renewable and Sustainable Energy Reviews, Elsevier, vol. 7(5), pages 367-395, October.
    3. Ghosh, Debyani & Shukla, P. R. & Garg, Amit & Ramana, P. Venkata, 2002. "Renewable energy technologies for the Indian power sector: mitigation potential and operational strategies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 6(6), pages 481-512, December.
    4. Argiriou, Athanassios A. & Mirasgedis, Sevastianos, 2003. "The solar thermal market in Greece--review and perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 7(5), pages 397-418, October.
    5. Danae Diakoulaki & Carlos Henggeler Antunes & António Gomes Martins, 2005. "MCDA and Energy Planning," International Series in Operations Research & Management Science, in: Multiple Criteria Decision Analysis: State of the Art Surveys, chapter 0, pages 859-890, Springer.
    6. Islas, J. & Manzini, F. & Martínez, M., 2003. "Cost-benefit analysis of energy scenarios for the Mexican power sector," Energy, Elsevier, vol. 28(10), pages 979-992.
    7. Georgopoulou, E. & Sarafidis, Y. & Diakoulaki, D., 1998. "Design and implementation of a group DSS for sustaining renewable energies exploitation," European Journal of Operational Research, Elsevier, vol. 109(2), pages 483-500, September.
    8. Weisser, Daniel, 2004. "Costing electricity supply scenarios: A case study of promoting renewable energy technologies on Rodriguez, Mauritius," Renewable Energy, Elsevier, vol. 29(8), pages 1319-1347.
    Full references (including those not matched with items on IDEAS)

    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. Strantzali, Eleni & Aravossis, Konstantinos, 2016. "Decision making in renewable energy investments: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 885-898.
    2. Gamboa, Gonzalo & Munda, Giuseppe, 2007. "The problem of windfarm location: A social multi-criteria evaluation framework," Energy Policy, Elsevier, vol. 35(3), pages 1564-1583, March.
    3. Höfer, Tim & Madlener, Reinhard, 2020. "A participatory stakeholder process for evaluating sustainable energy transition scenarios," Energy Policy, Elsevier, vol. 139(C).
    4. Manley, Dawn K. & Hines, Valerie A. & Jordan, Matthew W. & Stoltz, Ronald E., 2013. "A survey of energy policy priorities in the United States: Energy supply security, economics, and the environment," Energy Policy, Elsevier, vol. 60(C), pages 687-696.
    5. Wulf, David & Bertsch, Valentin, 2016. "A natural language generation approach to support understanding and traceability of multi-dimensional preferential sensitivity analysis in multi-criteria decision making," MPRA Paper 75025, University Library of Munich, Germany.
    6. Raupp, I. & Costa, F., 2021. "Hydropower expansion planning in Brazil - Environmental improvements," Renewable and Sustainable Energy Reviews, Elsevier, vol. 152(C).
    7. Sk Uddin & Ros Taplin & Xiaojiang Yu, 2010. "Towards a sustainable energy future—exploring current barriers and potential solutions in Thailand," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 12(1), pages 63-87, February.
    8. Harrison Mutikanga & Saroj Sharma & Kalanithy Vairavamoorthy, 2011. "Multi-criteria Decision Analysis: A Strategic Planning Tool for Water Loss Management," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 25(14), pages 3947-3969, November.
    9. van Alphen, Klaas & Kunz, Huden S. & Hekkert, Marko P., 2008. "Policy measures to promote the widespread utilization of renewable energy technologies for electricity generation in the Maldives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(7), pages 1959-1973, September.
    10. Ribeiro, Fernando & Ferreira, Paula & Araújo, Madalena, 2011. "The inclusion of social aspects in power planning," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4361-4369.
    11. J. Cabello & M. Luque & F. Miguel & A. Ruiz & F. Ruiz, 2014. "A multiobjective interactive approach to determine the optimal electricity mix in Andalucía (Spain)," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 22(1), pages 109-127, April.
    12. Abbas Roozbahani & Banafsheh Zahraie & Massoud Tabesh, 2012. "PROMETHEE with Precedence Order in the Criteria (PPOC) as a New Group Decision Making Aid: An Application in Urban Water Supply Management," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 26(12), pages 3581-3599, September.
    13. Cavallaro, Fausto, 2010. "A comparative assessment of thin-film photovoltaic production processes using the ELECTRE III method," Energy Policy, Elsevier, vol. 38(1), pages 463-474, January.
    14. Olivier Cailloux & Tommi Tervonen & Boris Verhaegen & François Picalausa, 2014. "A data model for algorithmic multiple criteria decision analysis," Annals of Operations Research, Springer, vol. 217(1), pages 77-94, June.
    15. Mavrotas, George & Diakoulaki, Danae & Florios, Kostas & Georgiou, Paraskevas, 2008. "A mathematical programming framework for energy planning in services' sector buildings under uncertainty in load demand: The case of a hospital in Athens," Energy Policy, Elsevier, vol. 36(7), pages 2415-2429, July.
    16. Vögele, Stefan & Teja Josyabhatla, Vishnu & Ball, Christopher & Rhoden, Imke & Grajewski, Matthias & Rübbelke, Dirk & Kuckshinrichs, Wilhelm, 2023. "Robust assessment of energy scenarios from stakeholders' perspectives," Energy, Elsevier, vol. 282(C).
    17. Doukas, Haris, 2013. "Modelling of linguistic variables in multicriteria energy policy support," European Journal of Operational Research, Elsevier, vol. 227(2), pages 227-238.
    18. Mavrotas, George & Florios, Kostas & Vlachou, Dimitra, 2010. "Energy planning of a hospital using Mathematical Programming and Monte Carlo simulation for dealing with uncertainty in the economic parameters," MPRA Paper 105754, University Library of Munich, Germany.
    19. Georgiou, Paraskevas N. & Mavrotas, George & Diakoulaki, Danae, 2011. "The effect of islands' interconnection to the mainland system on the development of renewable energy sources in the Greek power sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(6), pages 2607-2620, August.
    20. Behzadian, Majid & Kazemzadeh, R.B. & Albadvi, A. & Aghdasi, M., 2010. "PROMETHEE: A comprehensive literature review on methodologies and applications," European Journal of Operational Research, Elsevier, vol. 200(1), pages 198-215, January.

    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:rensus:v:11:y:2007:i:4:p:716-727. 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/wps/find/journaldescription.cws_home/600126/description#description .

    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.