The effect of the financial crisis on electricity cost for remote consumers: case study Samothrace (Greece)

Abstract

The primary objective of this study is to estimate how the new taxes on fossil fuels in Greece, as a result of financial and economic crisis, has affected the electricity cost for a remote consumer. Two different scenarios were simulated, comparing the possible hybrid system configurations. From HOMER software simulation, it has been demonstrated that, for a typical house in Samothrace, a small Greek island situated in the northern Aegean Sea, the hybrid Wind–PV–Battery system is the optimum solution. For a typical country house in Samothrace the use of a LPG generator has financial and environmental benefits compared to a Diesel generator. However the use of environment friendly renewable energy sources is becoming increasingly important

Keywords

• - Hybrid systems; Renewable energy; Financial crisis; LPG; Samothrace

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