IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v8y2004i6p521-544.html
   My bibliography  Save this article

The use of sustainable combined cycle technologies in Cyprus: a case study for the use of LOTHECO cycle

Author

Listed:
  • Poullikkas, Andreas
  • Kellas, Adonis

Abstract

In this work, a cost-benefit analysis concerning the use of the low temperature heat combined cycle (LOTHECO cycle) in Cyprus is carried out. Also, the expected main emissions from the LOTHECO cycle are compared with existing commercial technologies. In particular, the future generation system of Cyprus power industry is simulated by the independent power producers optimization algorithm and by the long-term expansion software Wien Automatic System Planning. Various conventional generation options are examined and compared with LOTHECO cycle parametric studies. The economic analysis, based on the assumptions used and the candidate technologies examined, indicated that in the case of conventional technologies the least cost solution is the natural gas combined cycle. Additional computer runs with the various LOTHECO cycle parametric studies indicated that for efficiencies greater than 60% and capital cost between 700 and 900 [euro]/kW, LOTHECO cycle is the least cost generation technology. Furthermore, the current state and future improvements of the environmental indicators of the power industry in Cyprus are presented. It is estimated that by the use of LOTHECO cycle instead of the business as usual scenario, the principal environmental indicators would be reduced by the year 2010 by approximately -23% instead of -8%. Further, the carbon dioxide environmental indicator will be reduced by +24% instead of +68%.

Suggested Citation

  • Poullikkas, Andreas & Kellas, Adonis, 2004. "The use of sustainable combined cycle technologies in Cyprus: a case study for the use of LOTHECO cycle," Renewable and Sustainable Energy Reviews, Elsevier, vol. 8(6), pages 521-544, December.
  • Handle: RePEc:eee:rensus:v:8:y:2004:i:6:p:521-544
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364-0321(04)00018-8
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Weron, Rafal & Przybyłowicz, Beata, 2000. "Hurst analysis of electricity price dynamics," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 283(3), pages 462-468.
    2. Poullikkas, Andreas, 2001. "A Technology Selection Algorithm for Independent Power Producers," The Electricity Journal, Elsevier, vol. 14(6), pages 80-84, July.
    3. Clinch, J. Peter & Healy, John D., 2000. "Domestic energy efficiency in Ireland: correcting market failure," Energy Policy, Elsevier, vol. 28(1), pages 1-8, January.
    4. Zhicheng, Chen & Porter, Robin, 2000. "Energy management and environmental awareness in China's enterprises," Energy Policy, Elsevier, vol. 28(1), pages 49-63, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Poullikkas, Andreas, 2007. "Implementation of distributed generation technologies in isolated power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(1), pages 30-56, January.
    2. Maxoulis, Christos N. & Kalogirou, Soteris A., 2008. "Cyprus energy policy: The road to the 2006 world renewable energy congress trophy," Renewable Energy, Elsevier, vol. 33(3), pages 355-365.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lavička, Hynek & Kracík, Jiří, 2020. "Fluctuation analysis of electric power loads in Europe: Correlation multifractality vs. Distribution function multifractality," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 545(C).
    2. Afanasyev, Dmitriy O. & Fedorova, Elena A. & Popov, Viktor U., 2015. "Fine structure of the price–demand relationship in the electricity market: Multi-scale correlation analysis," Energy Economics, Elsevier, vol. 51(C), pages 215-226.
    3. Poullikkas, Andreas, 2005. "An overview of current and future sustainable gas turbine technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 9(5), pages 409-443, October.
    4. Michel Culot & Valérie Goffin & Steve Lawford & Sébastien de Meten & Yves Smeers, 2013. "Practical stochastic modelling of electricity prices," Post-Print hal-01021603, HAL.
    5. Juraj Čurpek, 2019. "Time Evolution of Hurst Exponent: Czech Wholesale Electricity Market Study," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2019(3), pages 25-44.
    6. Alvarez-Ramirez, Jose, 2002. "Characteristic time scales in the American dollar–Mexican peso exchange currency market," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 309(1), pages 157-170.
    7. Zhao, Xiaofan & Li, Huimin & Wu, Liang & Qi, Ye, 2014. "Implementation of energy-saving policies in China: How local governments assisted industrial enterprises in achieving energy-saving targets," Energy Policy, Elsevier, vol. 66(C), pages 170-184.
    8. Mulligan, Robert F., 2017. "The multifractal character of capacity utilization over the business cycle: An application of Hurst signature analysis," The Quarterly Review of Economics and Finance, Elsevier, vol. 63(C), pages 147-152.
    9. Collins, Matthew & Curtis, John, 2017. "An examination of the abandonment of applications for energy efficiency retrofit grants in Ireland," Energy Policy, Elsevier, vol. 100(C), pages 260-270.
    10. Rafal Weron & Ingve Simonsen & Piotr Wilman, 2003. "Modeling highly volatile and seasonal markets: evidence from the Nord Pool electricity market," Econometrics 0303007, University Library of Munich, Germany.
    11. Park, Min Young & Shin, Serin & Kim, Eung Soo, 2015. "Effective energy management by combining gas turbine cycles and forward osmosis desalination process," Applied Energy, Elsevier, vol. 154(C), pages 51-61.
    12. Amecke, Hermann, 2012. "The impact of energy performance certificates: A survey of German home owners," Energy Policy, Elsevier, vol. 46(C), pages 4-14.
    13. Erdős, Péter & Li, Youwei & Liu, Ruipeng & Mende, Alexander, 2021. "Same same but different – Stylized facts of CTA sub strategies," International Review of Financial Analysis, Elsevier, vol. 74(C).
    14. Anna Alberini & Silvia Banfi & Celine Ramseier, 2011. "Energy Efficiency Investments in the Home: Swiss Homeowners and Expectations about Future Energy Prices," CEPE Working paper series 11-80, CEPE Center for Energy Policy and Economics, ETH Zurich.
    15. Clinch, J. Peter & Healy, John D., 2001. "Cost-benefit analysis of domestic energy efficiency," Energy Policy, Elsevier, vol. 29(2), pages 113-124, January.
    16. Healy, John D. & Clinch, J. Peter, 2004. "Quantifying the severity of fuel poverty, its relationship with poor housing and reasons for non-investment in energy-saving measures in Ireland," Energy Policy, Elsevier, vol. 32(2), pages 207-220, January.
    17. Ahern, Ciara & Griffiths, Philip & O'Flaherty, Micheál, 2013. "State of the Irish housing stock—Modelling the heat losses of Ireland's existing detached rural housing stock & estimating the benefit of thermal retrofit measures on this stock," Energy Policy, Elsevier, vol. 55(C), pages 139-151.
    18. Amecke, Hermann, 2011. "The Effectiveness of Energy Performance Certificates - Evidence from Germany," EconStor Research Reports 65874, ZBW - Leibniz Information Centre for Economics.
    19. Kavasseri, Rajesh G. & Nagarajan, Radhakrishnan, 2005. "A multifractal description of wind speed records," Chaos, Solitons & Fractals, Elsevier, vol. 24(1), pages 165-173.
    20. Bennedsen, Mikkel, 2017. "A rough multi-factor model of electricity spot prices," Energy Economics, Elsevier, vol. 63(C), pages 301-313.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:8:y:2004:i:6:p:521-544. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.