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Renewable energy technology integration for the island of Cyprus: A cost-optimization approach

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  • Taliotis, Constantinos
  • Taibi, Emanuele
  • Howells, Mark
  • Rogner, Holger
  • Bazilian, Morgan
  • Welsch, Manuel

Abstract

In light of the ongoing financial crisis, Cyprus is called to transform its energy sector. The high electricity cost has been recognized as a priority issue and authorities on the island are considering several available options to reduce electricity tariffs. A fuel switch from oil to gas, domestic or imported, an electrical cross-border interconnection and a rapid increase in the share of renewable energy are among the major options being considered. Focusing on the power supply of Cyprus, the present study uses a cost-optimization tool to investigate the impact of different combinations of policy decision, resulting in a series of different scenarios, with some common key findings, with the aim of directly informing future energy policy decisions. Results indicate that renewable energy technologies will play a major role regardless the decisions taken. However, a set of enabling regulatory and market changes on the horizon might prevent least-cost deployment of renewables to take place. This study will review the findings and make some recommendations on the achievement of this optimal pathways for the evolution of Cyprus electricity sector.

Suggested Citation

  • Taliotis, Constantinos & Taibi, Emanuele & Howells, Mark & Rogner, Holger & Bazilian, Morgan & Welsch, Manuel, 2017. "Renewable energy technology integration for the island of Cyprus: A cost-optimization approach," Energy, Elsevier, vol. 137(C), pages 31-41.
    • Handle: RePEc:eee:energy:v:137:y:2017:i:c:p:31-41
    DOI: 10.1016/j.energy.2017.07.015
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    References listed on IDEAS

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    1. Poullikkas, Andreas & Kourtis, George & Hadjipaschalis, Ioannis, 2011. "A hybrid model for the optimum integration of renewable technologies in power generation systems," Energy Policy, Elsevier, vol. 39(2), pages 926-935, February.
    2. Narbel, Patrick A., 2014. "Rethinking how to support intermittent renewables," Discussion Papers 2014/17, Norwegian School of Economics, Department of Business and Management Science.
    3. Narbel, Patrick A., 2014. "Rethinking how to support intermittent renewables," Energy, Elsevier, vol. 77(C), pages 414-421.
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    Cited by:

    1. Qu, Kaiping & Yu, Tao & Huang, Linni & Yang, Bo & Zhang, Xiaoshun, 2018. "Decentralized optimal multi-energy flow of large-scale integrated energy systems in a carbon trading market," Energy, Elsevier, vol. 149(C), pages 779-791.
    2. Michail Tsangas & Mejdi Jeguirim & Lionel Limousy & Antonis Zorpas, 2019. "The Application of Analytical Hierarchy Process in Combination with PESTEL-SWOT Analysis to Assess the Hydrocarbons Sector in Cyprus," Energies, MDPI, vol. 12(5), pages 1-17, February.
    3. Selosse, Sandrine & Ricci, Olivia & Garabedian, Sabine & Maïzi, Nadia, 2018. "Exploring sustainable energy future in Reunion Island," Utilities Policy, Elsevier, vol. 55(C), pages 158-166.
    4. Demetriou, E. & Mallouppas, G. & Hadjistassou, C., 2021. "Embracing carbon neutral electricity and transportation sectors in Cyprus," Energy, Elsevier, vol. 229(C).
    5. Mendoza-Vizcaino, Javier & Raza, Muhammad & Sumper, Andreas & Díaz-González, Francisco & Galceran-Arellano, Samuel, 2019. "Integral approach to energy planning and electric grid assessment in a renewable energy technology integration for a 50/50 target applied to a small island," Applied Energy, Elsevier, vol. 233, pages 524-543.

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