Original scientific paper
MULTI-CRITERIA EVALUATION OF NUCLEAR OPTION
DANILO FERETIĆ
; University of Zagreb Faculty of Electrical Engineering and Computing Department of Energy and Power Systems
ŽELJKO TOMŠIĆ
; University of Zagreb Faculty of Electrical Engineering and Computing Department of Energy and Power Systems
Abstract
When evaluating power system expansion scenarios there is a need to take
into consideration a range of measurable and non-measurable impacts. Measurable
impacts are fixed and variable production costs and, recently, external costs. Nonmeasurable
impacts include public attitude to a certain energy technology and
investor's risk in achieving the expected profit. Public attitude has a large, and
sometimes essential impact on decision-making and can be divided in objective and
subjective part.
Investor's risk in achieving the expected profit is mostly associated with
possible changes of domestic or foreign regulations or policy that can influence
power plant operation and long-term fuel availability and price.
The objective of multi-criteria evaluation, after weighting and quantification
of all impacts, is to determine the most acceptable power system expansion option.
In the article a simplified quantification was made of measurable and nonmeasurable
elements that affect future investment decision. For that purpose
possible relative values of non-measurable impacts of different options will be
determined (their weights and impact on relative increase of annual costs).
D. Feretić, Ž. Tomšić, Multi-criteria evaluation of nuclear option, Journal of Energy, vol. 64 (2015) Special Issue, p. 52-61
Four possible technologies will be compared: nuclear power plant, coal power
plant, combined cycle gas plant and wind power plant in combination with gas
plant.
The expected change of non-measurable impacts on investment decision in
the period 2010-2030 was analysed as well as the influence of those changes on
future investment decisions.
Keywords
Multi-criteria evaluation; Power Plant; Nuclear option; Investment cost; Competiveness
Hrčak ID:
199275
URI
Publication date:
15.9.2017.
Visits: 616 *