Economic efficiency of renewable energy sources in autonomous energy systems in Russia

Year 2014, Volume: 4 Issue: 3, 548 - 554, 01.09.2014

Oleg Marchenko Sergei Solomin

Abstract

The paper aims to study the economic efficiency and the competitiveness of renewable energy sources in Russia in small autonomous energy systems. Levelised cost of energy is used as criterion. Three regions were considered in the territory of Russia (the South, the Center and the North). Consideration is given to the favorable and unfavorable conditions for renewable energy sources within a given region. The calculation results show that the use of renewable energy sources in autonomous energy supply systems proves to be economically efficient for a significant number of considered variants. The most efficient renewable energy sources are the small hydropower plants, biogas generators running on wood fuel, and wind turbines.

Keywords

economic efficiency; renewable energy sources; electricity cost; autonomous energy systems

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