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Multi objective power mix optimization

TitleMulti objective power mix optimization
Publication TypeConference Paper
Year of Publication2010
Publication LanguageEnglish
Pagination189 - 193
AuthorsKádár, P.
Conference Name2010 IEEE 8th International Symposium on Applied Machine Intelligence and Informatics (SAMI)
Date Published1994
Conference LocationHerlany, SK
ISSN Number10.1109/SAMI.2010.5423742
Keywordsenergy generation portfolio, external costs, Single and Multi Objective Optimization
Abstract

The EU for the sustainable energy generation made some directives related the raise of the renewable ratio in the energy mix portfolio. E.g. Hungary must generate 13% of the electrical energy on renewable base in 2020. The actual energy prices do not represent the future external society costs of the environment pollution, damage and climate change. The reduction of the CO2 emission, the lowest external cost solution is not the short term cheapest solution. In this paper we use Single Objective Optimization technique to demonstrate that the energy strategy can be based on clear scientific considerations instead of political approach. We find that the real energy portfolio can be planned by Multi Objective Optimization techniques.
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