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Cost minimization f...
Cost minimization for fully renewable electricity systems : A Mauritius case study
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- Timmons, D. (author)
- Department of Economics, University of Massachusetts Boston, United States
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- Dhunny, A. Z. (author)
- Department of Physics, Faculty of Science, The University of Mauritius, Reduit, Mauritius
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- Elahee, K. (author)
- Mechanical and Production Engineering Department, The University of Mauritius, Reduit, Mauritius
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- Havumaki, B. (author)
- Department of Economics, University of Massachusetts Boston, United States
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- Howells, Mark I. (author)
- KTH,Energisystemanalys
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- Khoodaruth, A. (author)
- Mechanical and Production Engineering Department, The University of Mauritius, Reduit, Mauritius
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- Lema-Driscoll, A. K. (author)
- Department of Economics, University of Massachusetts Boston, United States
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- Lollchund, M. R. (author)
- Department of Physics, Faculty of Science, The University of Mauritius, Reduit, Mauritius
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- Ramgolam, Y. K. (author)
- Electrical and Electronic Engineering Department, The University of Mauritius, Reduit, Mauritius
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- Rughooputh, S. D. D. V. (author)
- Department of Physics, Faculty of Science, The University of Mauritius, Reduit, Mauritius
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- Surroop, D. (author)
- Chemical and Environmental Engineering, The University of Mauritius, Reduit, Mauritius
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(creator_code:org_t)
- Elsevier Ltd, 2019
- 2019
- English.
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In: Energy Policy. - : Elsevier Ltd. - 0301-4215 .- 1873-6777. ; 133
- Related links:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Subject headings
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- Climate change is the world's most prominent environmental problem, and fossil-fuel combustion is its primary cause. To set carbon reduction goals, policy makers require information on feasibility and cost of renewable energy systems. In this study, we describe an economic approach to modeling a national electricity system based entirely on renewable sources, using the island-nation of Mauritius as a case study. Many renewable electricity studies consider levelized costs of electricity (LCOE), which represents average cost of electricity, but cost minimization requires equalizing marginal costs. With variable sources, marginal costs change over time. Minimizing cost thus requires a model incorporating variability at high time resolution (daily or hourly), with the objective of minimizing the levelized cost of electricity for an entire electricity system (LCOES). In Mauritius, the minimum-cost renewable electricity portfolio includes roughly equal proportions of solar, wind, and biomass electricity, along with electricity storage. Policy issues include setting renewable energy targets, selecting policy instruments to incentivize optimum renewable energy portfolios, incorporating energy efficiency, determining appropriate discount rates, ensuring land availability, and accounting for non-cost considerations. Many of the economic and policy issues identified apply universally, and methods demonstrated in this study could be used anywhere in the world.
Subject headings
- TEKNIK OCH TEKNOLOGIER -- Naturresursteknik -- Energisystem (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Environmental Engineering -- Energy Systems (hsv//eng)
Keyword
- Climate change
- Decarbonization
- Energy storage
- OSeMOSYS
- Renewable energy economics
- Economic analysis
- Energy efficiency
- Fossil fuels
- Renewable energy resources
- Environmental problems
- Fossil fuel combustion
- Levelized cost of electricities
- National electricity system
- Renewable electricity
- Renewable energies
- Renewable energy systems
- Electric energy storage
- alternative energy
- cost analysis
- electricity supply
- energy policy
- modeling
- policy analysis
- renewable resource
- Mascarene Islands
- Mauritius
- Energy Technology
- Energiteknik
Publication and Content Type
- ref (subject category)
- art (subject category)
Find in a library
To the university's database
- By the author/editor
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Timmons, D.
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Dhunny, A. Z.
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Elahee, K.
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Havumaki, B.
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Howells, Mark I.
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Khoodaruth, A.
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Lema-Driscoll, A ...
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Lollchund, M. R.
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Ramgolam, Y. K.
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Rughooputh, S. D ...
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Surroop, D.
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- About the subject
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- ENGINEERING AND TECHNOLOGY
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ENGINEERING AND ...
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and Environmental En ...
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and Energy Systems
- Articles in the publication
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Energy Policy
- By the university
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Royal Institute of Technology