Cost Effectiveness Analysis for Renewable Energy Sources Integration in the Island of Lemnos, Greece

A. Angelis-Dimakis, P. Trogadas, G. Arampatzis, D. Assimacopoulos

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The development of more efficient and least cost energy management interventions is of great importance for isolated energy systems. Islands are typical examples of isolated regions, often highly dependent on imported fossil fuels but with a significant and often unexploited Renewable Energy (RE) potential. This paper presents a least cost planning approach towards the integration of Renewable Energy Sources (RES) in such systems, which is applied to the island of Lemnos, Greece. The approach involves the application of Cost-Effectiveness Analysis (CEA) and Incremental Cost Analysis (ICA) for screening possible alternatives and determining the most economically efficient and effective plan for their implementation. The objective of the application of the proposed approach in the specific case study is to meet through the use of RE technologies all the additional electricity and thermal energy demand, compared to 2007. Various supply side options are evaluated, and an implementation plan is derived. The results indicate that the excess of both electricity and thermal energy demand can be met in the near future without any significant changes in existing infrastructure, while other options should be considered for a more extended time horizon.

LanguageEnglish
Title of host publicationProceedings of the iEMSs Fourth Biennial Meeting
Subtitle of host publicationInternational Congress on Environmental Modelling and Software (iEMSs 2008)
EditorsMiquel Sànchez-Marrè, Javier Béjar, Joaquim Comas, Andrea E. Rizzoli, Giorgio Guariso
Pages1215-1222
Number of pages8
Volume2
Publication statusPublished - Jul 2008
Externally publishedYes
Event4th Biennial Meeting of International Congress on Environmental Modelling and Software: Integrating Sciences and Information Technology for Environmental Assessment and Decision Making - Barcelona, Spain
Duration: 7 Jul 200810 Jul 2008

Conference

Conference4th Biennial Meeting of International Congress on Environmental Modelling and Software
Abbreviated titleiEMSs 2008
CountrySpain
CityBarcelona
Period7/07/0810/07/08

Fingerprint

Cost effectiveness
Thermal energy
Electricity
Costs
Energy management
Potential energy
Fossil fuels
Screening
Planning
Renewable energy sources
Cost-effectiveness analysis
Greece
Renewable energy
Energy demand

Cite this

Angelis-Dimakis, A., Trogadas, P., Arampatzis, G., & Assimacopoulos, D. (2008). Cost Effectiveness Analysis for Renewable Energy Sources Integration in the Island of Lemnos, Greece. In M. Sànchez-Marrè, J. Béjar, J. Comas, A. E. Rizzoli, & G. Guariso (Eds.), Proceedings of the iEMSs Fourth Biennial Meeting: International Congress on Environmental Modelling and Software (iEMSs 2008) (Vol. 2, pp. 1215-1222)
Angelis-Dimakis, A. ; Trogadas, P. ; Arampatzis, G. ; Assimacopoulos, D. / Cost Effectiveness Analysis for Renewable Energy Sources Integration in the Island of Lemnos, Greece. Proceedings of the iEMSs Fourth Biennial Meeting: International Congress on Environmental Modelling and Software (iEMSs 2008). editor / Miquel Sànchez-Marrè ; Javier Béjar ; Joaquim Comas ; Andrea E. Rizzoli ; Giorgio Guariso. Vol. 2 2008. pp. 1215-1222
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Angelis-Dimakis, A, Trogadas, P, Arampatzis, G & Assimacopoulos, D 2008, Cost Effectiveness Analysis for Renewable Energy Sources Integration in the Island of Lemnos, Greece. in M Sànchez-Marrè, J Béjar, J Comas, AE Rizzoli & G Guariso (eds), Proceedings of the iEMSs Fourth Biennial Meeting: International Congress on Environmental Modelling and Software (iEMSs 2008). vol. 2, pp. 1215-1222, 4th Biennial Meeting of International Congress on Environmental Modelling and Software, Barcelona, Spain, 7/07/08.

Cost Effectiveness Analysis for Renewable Energy Sources Integration in the Island of Lemnos, Greece. / Angelis-Dimakis, A.; Trogadas, P.; Arampatzis, G.; Assimacopoulos, D.

Proceedings of the iEMSs Fourth Biennial Meeting: International Congress on Environmental Modelling and Software (iEMSs 2008). ed. / Miquel Sànchez-Marrè; Javier Béjar; Joaquim Comas; Andrea E. Rizzoli; Giorgio Guariso. Vol. 2 2008. p. 1215-1222.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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T1 - Cost Effectiveness Analysis for Renewable Energy Sources Integration in the Island of Lemnos, Greece

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AU - Trogadas, P.

AU - Arampatzis, G.

AU - Assimacopoulos, D.

PY - 2008/7

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N2 - The development of more efficient and least cost energy management interventions is of great importance for isolated energy systems. Islands are typical examples of isolated regions, often highly dependent on imported fossil fuels but with a significant and often unexploited Renewable Energy (RE) potential. This paper presents a least cost planning approach towards the integration of Renewable Energy Sources (RES) in such systems, which is applied to the island of Lemnos, Greece. The approach involves the application of Cost-Effectiveness Analysis (CEA) and Incremental Cost Analysis (ICA) for screening possible alternatives and determining the most economically efficient and effective plan for their implementation. The objective of the application of the proposed approach in the specific case study is to meet through the use of RE technologies all the additional electricity and thermal energy demand, compared to 2007. Various supply side options are evaluated, and an implementation plan is derived. The results indicate that the excess of both electricity and thermal energy demand can be met in the near future without any significant changes in existing infrastructure, while other options should be considered for a more extended time horizon.

AB - The development of more efficient and least cost energy management interventions is of great importance for isolated energy systems. Islands are typical examples of isolated regions, often highly dependent on imported fossil fuels but with a significant and often unexploited Renewable Energy (RE) potential. This paper presents a least cost planning approach towards the integration of Renewable Energy Sources (RES) in such systems, which is applied to the island of Lemnos, Greece. The approach involves the application of Cost-Effectiveness Analysis (CEA) and Incremental Cost Analysis (ICA) for screening possible alternatives and determining the most economically efficient and effective plan for their implementation. The objective of the application of the proposed approach in the specific case study is to meet through the use of RE technologies all the additional electricity and thermal energy demand, compared to 2007. Various supply side options are evaluated, and an implementation plan is derived. The results indicate that the excess of both electricity and thermal energy demand can be met in the near future without any significant changes in existing infrastructure, while other options should be considered for a more extended time horizon.

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BT - Proceedings of the iEMSs Fourth Biennial Meeting

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A2 - Rizzoli, Andrea E.

A2 - Guariso, Giorgio

ER -

Angelis-Dimakis A, Trogadas P, Arampatzis G, Assimacopoulos D. Cost Effectiveness Analysis for Renewable Energy Sources Integration in the Island of Lemnos, Greece. In Sànchez-Marrè M, Béjar J, Comas J, Rizzoli AE, Guariso G, editors, Proceedings of the iEMSs Fourth Biennial Meeting: International Congress on Environmental Modelling and Software (iEMSs 2008). Vol. 2. 2008. p. 1215-1222