A bottom-up optimization model for the long-term energy planning of the Greek power supply sector integrating mainland and insular electric systems

The energy planning of power sector constitutes a multifaceted challenge for policy makers, incorporating a variety of economic, technological, environmental, political and social aspects in order to ensure the unhindered equilibrium between electricity demand and electricity supply. This paper pres...

Full description

Saved in:
Bibliographic Details
Published in:Computers & operations research Vol. 66; pp. 292 - 312
Main Author: Georgiou, Paraskevas N.
Format: Journal Article
Language:English
Published: New York Elsevier Ltd 01.02.2016
Pergamon Press Inc
Subjects:
Alternative energy sources
Capacity expansion planning
Computer simulation
Economics
Electric potential
Electric power generation
Electricity
Energy model
Energy planning
Energy resources
Integer programming
Interconnect
Interconnection
Interconnections
Linear programming
Mathematical models
Mixed Integer Linear Programming
Optimization
Penetration
Portfolio investments
Power sector
Power supply
Studies
Greece
Capacity expansion planning
Power sector
Energy model
Mixed Integer Linear Programming
Interconnection
Energy planning
ISSN:0305-0548, 1873-765X, 0305-0548
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The energy planning of power sector constitutes a multifaceted challenge for policy makers, incorporating a variety of economic, technological, environmental, political and social aspects in order to ensure the unhindered equilibrium between electricity demand and electricity supply. This paper presents a deterministic bottom-up Mixed Integer Linear Programming model for the long-term energy planning of national power supply systems, having special focus and modeling effort on the peculiar case of Greece. It is a least cost optimization based model being expanded and enhanced with the integration of electric interconnections and the evident participation of environmental dimension. Its superstructure consists of multiple mathematical expressions representing power demand patterns, technical constraints, operation rules, penetration potential of energy sources, economic aspects, technological availability, environmental obligations and other sectoral targets and commitments applying in the electricity supply field. Its main contribution lies on the holistic methodological approach adopted, concerning the discrete electric systems of mainland and insular areas in Greece by proposing a novel way of simulating the potentiality of their submarine interconnection. The present model is applied on a real case study concerning the Greek electricity planning problem for the period 2014–2024, through the elaboration of two alternative evolution scenarios. The underlying objective is multifarious: (a) to deliver the portfolio of new capacity investments, the fuel mix trend, the penetration of renewable energy sources and the progress of achieving country׳s commitments and targets, and (b) to investigate and highlight the potential economic, energy and environmental benefits arising from the electrical interconnection of Greek islands to the main continental power system.
Bibliography:SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 14
ObjectType-Article-1
ObjectType-Feature-2
content type line 23
ISSN:0305-0548
1873-765X
0305-0548
DOI:10.1016/j.cor.2015.02.015