Methodology for Analysing Electricity Generation Unit Costs in Renewable Energy Sources (RES)

Due to the constant trend of building wind turbine sets and photovoltaic cells, the so-called renewable energy sources, it is important to develop a mathematical model that will allow us to analyse the economic viability of their operation. By using this model, multivariate calculations should be ca...

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Autores principales:	Ryszard Bartnik, Dariusz Pączko
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	renewable energy sources RES methodology specific cost of electricity production Technology T
Acceso en línea:	https://doaj.org/article/2dd4f5f882fa464887c2ac10becb849e
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spelling	oai:doaj.org-article:2dd4f5f882fa464887c2ac10becb849e2021-11-11T16:00:12ZMethodology for Analysing Electricity Generation Unit Costs in Renewable Energy Sources (RES)10.3390/en142172411996-1073https://doaj.org/article/2dd4f5f882fa464887c2ac10becb849e2021-11-01T00:00:00Zhttps://www.mdpi.com/1996-1073/14/21/7241https://doaj.org/toc/1996-1073Due to the constant trend of building wind turbine sets and photovoltaic cells, the so-called renewable energy sources, it is important to develop a mathematical model that will allow us to analyse the economic viability of their operation. By using this model, multivariate calculations should be carried out and developed in the form of universal nomograms that will allow us to estimate this viability almost on an immediate basis. In this paper, such a model for the unit cost of electricity production from renewable energy sources is presented. It is based on a continuous-time Net Present Value notation. The multi-variant calculations performed with it take into account different subsidy levels and operating time of the renewable energy sources. The paper presents values of unit costs of electricity production from renewable energy sources and values of maximum subsidies for this production. It turns out that subsidies are necessary for renewable energy sources to exist on the energy market. An additional disadvantage is the fact that renewable energy sources are not able to provide a stable electricity supply throughout the year.Ryszard BartnikDariusz PączkoMDPI AGarticlerenewable energy sourcesRESmethodologyspecific cost of electricity productionTechnologyTENEnergies, Vol 14, Iss 7241, p 7241 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	renewable energy sources RES methodology specific cost of electricity production Technology T
spellingShingle	renewable energy sources RES methodology specific cost of electricity production Technology T Ryszard Bartnik Dariusz Pączko Methodology for Analysing Electricity Generation Unit Costs in Renewable Energy Sources (RES)
description	Due to the constant trend of building wind turbine sets and photovoltaic cells, the so-called renewable energy sources, it is important to develop a mathematical model that will allow us to analyse the economic viability of their operation. By using this model, multivariate calculations should be carried out and developed in the form of universal nomograms that will allow us to estimate this viability almost on an immediate basis. In this paper, such a model for the unit cost of electricity production from renewable energy sources is presented. It is based on a continuous-time Net Present Value notation. The multi-variant calculations performed with it take into account different subsidy levels and operating time of the renewable energy sources. The paper presents values of unit costs of electricity production from renewable energy sources and values of maximum subsidies for this production. It turns out that subsidies are necessary for renewable energy sources to exist on the energy market. An additional disadvantage is the fact that renewable energy sources are not able to provide a stable electricity supply throughout the year.
format	article
author	Ryszard Bartnik Dariusz Pączko
author_facet	Ryszard Bartnik Dariusz Pączko
author_sort	Ryszard Bartnik
title	Methodology for Analysing Electricity Generation Unit Costs in Renewable Energy Sources (RES)
title_short	Methodology for Analysing Electricity Generation Unit Costs in Renewable Energy Sources (RES)
title_full	Methodology for Analysing Electricity Generation Unit Costs in Renewable Energy Sources (RES)
title_fullStr	Methodology for Analysing Electricity Generation Unit Costs in Renewable Energy Sources (RES)
title_full_unstemmed	Methodology for Analysing Electricity Generation Unit Costs in Renewable Energy Sources (RES)
title_sort	methodology for analysing electricity generation unit costs in renewable energy sources (res)
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/2dd4f5f882fa464887c2ac10becb849e
work_keys_str_mv	AT ryszardbartnik methodologyforanalysingelectricitygenerationunitcostsinrenewableenergysourcesres AT dariuszpaczko methodologyforanalysingelectricitygenerationunitcostsinrenewableenergysourcesres
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Methodology for Analysing Electricity Generation Unit Costs in Renewable Energy Sources (RES)

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