Event Title

Least cost power supply options for Kosovo 2021-2030

Session

Management, Business and Economics

Description

Kosovo still does not have the necessary capacities to cover its electricity demand. To cover the lack of energy there is a need for imports, which in the last decade have been in large quantities and were associated with high costs. To perform this study, there were taken into account the possibilities of developing new generation capacity, rehabilitation of existing, future policies and strategies related to renewable (RES) and CO2 prices. The study takes into account sustainable power supply options and makes comparisons of those. In order to assess which one of the four supply options studied is more favorable economically for electricity supply for the period 2021-2030, first the electricity demand has been identified by applying SPSS software, and then the simulation of supply cost optimization has been made through Solver which is an additional tool of MS Excel. NPV and IRR indicators have been evaluated to enable the assessment of which of the investment undertakings options is more favorable. Ranking of the supply option take into consideration also the compliance of the options with the new policies related to RES sources targets and CO2 policies. The supply options were scored by taking into account the financial and technical indicators as well the fulfilment of the obligations related to RES and decarbonisation.

Keywords:

Least Cost, Electricity, Supply Options.

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-550-47-5

Location

UBT Kampus, Lipjan

Start Date

30-10-2021 12:00 AM

End Date

30-10-2021 12:00 AM

DOI

10.33107/ubt-ic.2021.510

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Oct 30th, 12:00 AM Oct 30th, 12:00 AM

Least cost power supply options for Kosovo 2021-2030

UBT Kampus, Lipjan

Kosovo still does not have the necessary capacities to cover its electricity demand. To cover the lack of energy there is a need for imports, which in the last decade have been in large quantities and were associated with high costs. To perform this study, there were taken into account the possibilities of developing new generation capacity, rehabilitation of existing, future policies and strategies related to renewable (RES) and CO2 prices. The study takes into account sustainable power supply options and makes comparisons of those. In order to assess which one of the four supply options studied is more favorable economically for electricity supply for the period 2021-2030, first the electricity demand has been identified by applying SPSS software, and then the simulation of supply cost optimization has been made through Solver which is an additional tool of MS Excel. NPV and IRR indicators have been evaluated to enable the assessment of which of the investment undertakings options is more favorable. Ranking of the supply option take into consideration also the compliance of the options with the new policies related to RES sources targets and CO2 policies. The supply options were scored by taking into account the financial and technical indicators as well the fulfilment of the obligations related to RES and decarbonisation.