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The energy subsidisation policies of Cyprus and their effect on renewable energy systems economics

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  • Kalogirou, Soteris A.

Abstract

In this paper, the energy subsidisation policies that are in effect in Cyprus are investigated with respect to their effect on renewable energy systems economics. Two subsidisation policies are investigated, those of renewable energy and fuels. These are contradictory, as one is in favour and the other is against the exploitation of renewable energies on the island, which is the declared Government policy. First, the policy measures are described and their effect on the economic viability of a solar system is investigated by means of an example. This concerns a solar industrial process heat system for which four types of collectors are considered. From the results presented it is clear that renewable energy subsidies create a positive impulse on renewable energies whereas the economic factors improve considerably when the subsidy for fuel is removed, as the expenditure made for the erection of a solar system replaces a more expensive fuel.

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  • Kalogirou, Soteris A., 2003. "The energy subsidisation policies of Cyprus and their effect on renewable energy systems economics," Renewable Energy, Elsevier, vol. 28(11), pages 1711-1728.
    • Handle: RePEc:eee:renene:v:28:y:2003:i:11:p:1711-1728
    DOI: 10.1016/S0960-1481(03)00062-4
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    1. Kalogirou, Soteris, 1996. "Economic analysis of solar energy systems using spreadsheets," Renewable Energy, Elsevier, vol. 9(1), pages 1303-1307.
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    2. Giglio, Thalita & Lamberts, Roberto & Barbosa, Miriam & Urbano, Mariana, 2014. "A procedure for analysing energy savings in multiple small solar water heaters installed in low-income housing in Brazil," Energy Policy, Elsevier, vol. 72(C), pages 43-55.
    3. Chang, Keh-Chin & Lin, Wei-Min & Lee, Tsong-Sheng & Chung, Kung-Ming, 2011. "Subsidy programs on diffusion of solar water heaters: Taiwan's experience," Energy Policy, Elsevier, vol. 39(2), pages 563-567, February.
    4. Yurtsev, Arif & Jenkins, Glenn P., 2016. "Cost-effectiveness analysis of alternative water heater systems operating with unreliable water supplies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 174-183.
    5. Rao, Amar & Kumar, Satish & Karim, Sitara, 2024. "Accelerating renewables: Unveiling the role of green energy markets," Applied Energy, Elsevier, vol. 366(C).
    6. Koroneos, C. & Fokaidis, P. & Moussiopoulos, N., 2005. "Cyprus energy system and the use of renewable energy sources," Energy, Elsevier, vol. 30(10), pages 1889-1901.
    7. Dalia Štreimikienė & Vidas Lekavičius & Gintare Stankūnienė & Aušra Pažėraitė, 2022. "Renewable Energy Acceptance by Households: Evidence from Lithuania," Sustainability, MDPI, vol. 14(14), pages 1-17, July.
    8. Patlitzianas, Konstantinos D. & Kagiannas, Argyris G. & Askounis, Dimitris Th. & Psarras, John, 2005. "The policy perspective for RES development in the new member states of the EU," Renewable Energy, Elsevier, vol. 30(4), pages 477-492.
    9. Nasirov, S. & Carredano, N. & Agostini, C.A. & Silva, C., 2021. "Public perception and adoption of Solar Water Heating systems in Chile: The role of supply side income tax credits," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    10. Maxoulis, Christos N. & Charalampous, Harris P. & Kalogirou, Soteris A., 2007. "Cyprus solar water heating cluster: A missed opportunity?," Energy Policy, Elsevier, vol. 35(6), pages 3302-3315, June.
    11. Haydn I. Furlonge, 2012. "Economic Considerations for Renewable Energy Application in Trinidad and Tobago's Power Sector," Energy & Environment, , vol. 23(1), pages 33-50, January.
    12. Wei-Min Lin & Keh-Chin Chang & Kung-Ming Chung, 2019. "The Impact of Subsidy Programs for Solar Thermal Applications: A Case Study for a Remote Island," Energies, MDPI, vol. 12(20), pages 1-11, October.

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