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Effect of fossil fuel price fluctuations on electricity planning comprising renewable energy

Ab. Muis, Zarina and Hashim, Haslenda and Abd. Manan, Zainuddin and Douglas, P. L. (2011) Effect of fossil fuel price fluctuations on electricity planning comprising renewable energy. Asia-Pacific Journal of Chemical Engineering, 6 . pp. 552-562. ISSN 1932-2143

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Official URL: http://onlinelibrary.wiley.com/doi/10.1002/apj.586...


Electricity generation mix in Malaysia largely relies on fossil fuel including coal, natural gas (NG), diesel and fuel oil. In the Ninth Malaysia Plan, the government aims to achieve 5% electricity generation mix from renewable energy (RE). Nevertheless, until now, RE contributes less than 1% of the national electricity generation mix. In spite of its emission benefits, NG prices volatility have encouraged calls for investments in RE. Unfortunately, NG price in Malaysia is highly subsidized, thereby making RE implementation unattractive. This article addresses the impact of NG price (with and without subsidies) on RE-integrated electricity generation in Malaysia. The results show that a small increment in NG price will not affect the selection of RE source for electricity generation. If RE electricity generation is chosen, it will slightly increase the cost of electricity (COE) by 2.2 cents/kWh. Without NG subsidies, this cost can be translated to an additional 3 cents/kWh of COE

Item Type:Article
Uncontrolled Keywords:fosil fuel price, GAMS, renewable energy, biomass, electricity generation, MILP
Subjects:T Technology > TP Chemical technology
Divisions:Chemical Engineering
ID Code:44871
Deposited By: Haliza Zainal
Deposited On:21 Apr 2015 03:31
Last Modified:31 Jan 2017 06:26

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