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

Year 2011, Volume: 1 Issue: 4, 281 - 289, 01.12.2011

Jacob G Fantidis D. V. Bandekas C. Potolias N. Vordos

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

References

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  • M. A. Tankari, M.B. Camara, B. Dakyo, C. Nichita, Ultra capacitors and batteries integration for power fluctuations mitigation in wind-PV-diesel hybrid system, International Journal Of Renewable Energy Research Vol.1, pp. 86-95, 2011.
  • M.EL-Shimy, Viability analysis of PV power plants in Egypt, Renewable Energy vol. 34, pp. 2187–2196, 2009.
  • I. Purohit and P. Purohit, Techno-economic evaluation of concentrating solar power generation in India, Energy Policy vol. 38, pp. 3015–3029, 2010.
  • A. K. Akella, M. P. Sharma, R. P. Saini, Optimum utilization of renewable energy sources in remote area, Renewable and Sustainable Energy Reviews vol. 11, pp. 894–908, 2007.
  • L. Kosnik, The potential for small scale hydropower development in the US, Energy Policy vol. 38, pp. 5512– 5519, 2010.
  • J. K. Kaldellis, K. A. Kavadias, P. S. Koronakis, Comparing wind and photovoltaic stand-alone power systems used for the electrification of remote consumers, Renewable and Sustainable Energy Reviews vol. 11, pp. 57–77, 2007.
  • J. K. Kaldellis, Optimum autonomous wind power system sizing for remote consumers, using long-term wind speed data, Applied Energy vol. 71, pp. 215–233, 2002.
  • J. K. Kaldellis, D. Zafirakis, E. L. Kaldelli, K. Kavadias, Cost benefit analysis of a photovoltaic-energy storage electrification solution for remote islands, Renewable Energy vol. 34, pp. 1299–1311, 2009.
  • N. Duić and M. da GraçaCarvalho, Increasing renewable energy sources in island energy supply: case study Porto Santo, Renewable and Sustainable Energy Reviews vol. 8, pp. 383–399, 2004.
  • NREL (National Renewable Energy Laboratory), HOMER Computer Software, Version 2.68 beta. Retrieved from https://analysis.nrel.gov/homer/S, 2011.
  • Photovoltaic (PVGIS), http://re.jc.ec.europa.eu/pvgis/. Information Available from 2008. [13] GNTO Greek National Tourism Organisation (http://www.visitgreece.gr/portal/site/eot) [14] E.D. Giannoulis and D. Distributed generation in an isolated grid: Methodology of case study for Lesvos – Greece, Applied Energy vol. 88, pp. 2530–2540, 2011. A. Haralambopoulos,
  • G. N. Prodromidis and F. A. Coutelieris, A comparative feasibility study of stand-alone and grid connected RES- based systems in several Greek Islands, Renewable Energy vol. 36, pp. 1957–1963, 2011.
  • J. K. Kaldellis, D. Zafirakis, E. Kondili, Optimum sizing of photovoltaic-energy storage systems for autonomous small islands, Electrical Power and Energy Systems vol. 32, pp. 24–36, 2010. [17] Hellenic National
  • Meteorological Service
  • (http://www.hnms.gr).
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  • A. Demiroren and U. Yilmaz, Analysis of change in electric energy cost with using renewable energy sources in Gökceada, Turkey: An island example, Renewable and Sustainable Energy Reviews vol. 14, pp. 323–333, 2010.
  • A. Rajoriya and E. Fernandez, Sustainable energy generation using hybrid energy system for remote hilly rural area in India, International Journal of Sustainable Engineering vol. 3, pp. 219–227, May 2010.
  • B.E. Türkay and A. Y.Telli, Economic analysis of standalone and grid connected hybrid energy systems, Renewable Energy vol. 36, pp. 1931–1943, 2011.

Year 2011, Volume: 1 Issue: 4, 281 - 289, 01.12.2011

Jacob G Fantidis D. V. Bandekas C. Potolias N. Vordos

Abstract

References

  • K. Nigim, N. Munier, J.Green, Pre-feasibility MCDM tools to aid communities in prioritizing local viable renewable energy sources, Renewable Energy vol. 29, pp. 1775–1791, 2004.
  • M. A. Tankari, M.B. Camara, B. Dakyo, C. Nichita, Ultra capacitors and batteries integration for power fluctuations mitigation in wind-PV-diesel hybrid system, International Journal Of Renewable Energy Research Vol.1, pp. 86-95, 2011.
  • M.EL-Shimy, Viability analysis of PV power plants in Egypt, Renewable Energy vol. 34, pp. 2187–2196, 2009.
  • I. Purohit and P. Purohit, Techno-economic evaluation of concentrating solar power generation in India, Energy Policy vol. 38, pp. 3015–3029, 2010.
  • A. K. Akella, M. P. Sharma, R. P. Saini, Optimum utilization of renewable energy sources in remote area, Renewable and Sustainable Energy Reviews vol. 11, pp. 894–908, 2007.
  • L. Kosnik, The potential for small scale hydropower development in the US, Energy Policy vol. 38, pp. 5512– 5519, 2010.
  • J. K. Kaldellis, K. A. Kavadias, P. S. Koronakis, Comparing wind and photovoltaic stand-alone power systems used for the electrification of remote consumers, Renewable and Sustainable Energy Reviews vol. 11, pp. 57–77, 2007.
  • J. K. Kaldellis, Optimum autonomous wind power system sizing for remote consumers, using long-term wind speed data, Applied Energy vol. 71, pp. 215–233, 2002.
  • J. K. Kaldellis, D. Zafirakis, E. L. Kaldelli, K. Kavadias, Cost benefit analysis of a photovoltaic-energy storage electrification solution for remote islands, Renewable Energy vol. 34, pp. 1299–1311, 2009.
  • N. Duić and M. da GraçaCarvalho, Increasing renewable energy sources in island energy supply: case study Porto Santo, Renewable and Sustainable Energy Reviews vol. 8, pp. 383–399, 2004.
  • NREL (National Renewable Energy Laboratory), HOMER Computer Software, Version 2.68 beta. Retrieved from https://analysis.nrel.gov/homer/S, 2011.
  • Photovoltaic (PVGIS), http://re.jc.ec.europa.eu/pvgis/. Information Available from 2008. [13] GNTO Greek National Tourism Organisation (http://www.visitgreece.gr/portal/site/eot) [14] E.D. Giannoulis and D. Distributed generation in an isolated grid: Methodology of case study for Lesvos – Greece, Applied Energy vol. 88, pp. 2530–2540, 2011. A. Haralambopoulos,
  • G. N. Prodromidis and F. A. Coutelieris, A comparative feasibility study of stand-alone and grid connected RES- based systems in several Greek Islands, Renewable Energy vol. 36, pp. 1957–1963, 2011.
  • J. K. Kaldellis, D. Zafirakis, E. Kondili, Optimum sizing of photovoltaic-energy storage systems for autonomous small islands, Electrical Power and Energy Systems vol. 32, pp. 24–36, 2010. [17] Hellenic National
  • Meteorological Service
  • (http://www.hnms.gr).
  • http://www.windenergysolutions.nl/
  • Hellenic ministry of development (http://www.ypeka.gr).
  • A. Demiroren and U. Yilmaz, Analysis of change in electric energy cost with using renewable energy sources in Gökceada, Turkey: An island example, Renewable and Sustainable Energy Reviews vol. 14, pp. 323–333, 2010.
  • A. Rajoriya and E. Fernandez, Sustainable energy generation using hybrid energy system for remote hilly rural area in India, International Journal of Sustainable Engineering vol. 3, pp. 219–227, May 2010.
  • B.E. Türkay and A. Y.Telli, Economic analysis of standalone and grid connected hybrid energy systems, Renewable Energy vol. 36, pp. 1931–1943, 2011.
There are 21 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Jacob G Fantidis This is me

D. V. Bandekas This is me

C. Potolias This is me

N. Vordos This is me

Publication Date December 1, 2011
Published in Issue Year 2011 Volume: 1 Issue: 4

Cite

APA Fantidis, J. G., Bandekas, D. V., Potolias, C., Vordos, N. (2011). The effect of the financial crisis on electricity cost for remote consumers: case study Samothrace (Greece). International Journal Of Renewable Energy Research, 1(4), 281-289.
AMA Fantidis JG, Bandekas DV, Potolias C, Vordos N. The effect of the financial crisis on electricity cost for remote consumers: case study Samothrace (Greece). International Journal Of Renewable Energy Research. December 2011;1(4):281-289.
Chicago Fantidis, Jacob G, D. V. Bandekas, C. Potolias, and N. Vordos. “The Effect of the Financial Crisis on Electricity Cost for Remote Consumers: Case Study Samothrace (Greece)”. International Journal Of Renewable Energy Research 1, no. 4 (December 2011): 281-89.
EndNote Fantidis JG, Bandekas DV, Potolias C, Vordos N (December 1, 2011) The effect of the financial crisis on electricity cost for remote consumers: case study Samothrace (Greece). International Journal Of Renewable Energy Research 1 4 281–289.
IEEE J. G. Fantidis, D. V. Bandekas, C. Potolias, and N. Vordos, “The effect of the financial crisis on electricity cost for remote consumers: case study Samothrace (Greece)”, International Journal Of Renewable Energy Research, vol. 1, no. 4, pp. 281–289, 2011.
ISNAD Fantidis, Jacob G et al. “The Effect of the Financial Crisis on Electricity Cost for Remote Consumers: Case Study Samothrace (Greece)”. International Journal Of Renewable Energy Research 1/4 (December 2011), 281-289.
JAMA Fantidis JG, Bandekas DV, Potolias C, Vordos N. The effect of the financial crisis on electricity cost for remote consumers: case study Samothrace (Greece). International Journal Of Renewable Energy Research. 2011;1:281–289.
MLA Fantidis, Jacob G et al. “The Effect of the Financial Crisis on Electricity Cost for Remote Consumers: Case Study Samothrace (Greece)”. International Journal Of Renewable Energy Research, vol. 1, no. 4, 2011, pp. 281-9.
Vancouver Fantidis JG, Bandekas DV, Potolias C, Vordos N. The effect of the financial crisis on electricity cost for remote consumers: case study Samothrace (Greece). International Journal Of Renewable Energy Research. 2011;1(4):281-9.