Multicriteria analysis vs. externalities assessment for the comparative evaluation of electricity generation systems

 
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Multicriteria analysis vs. externalities assessment for the comparative evaluation of electricity generation systems (EN)

Mirasgedis, S (EN)
Diakoulaki, D (EN)

N/A (EN)

Attributing costs to the environmental impacts of energy production and use could greatly assist in environmental planning because monetary values are capable of directly influencing energy decisions without changing the rules of the market. Despite the considerable progress made recently in the valuation of environmental externalities there is still an open debate about the reliability of the estimated damage costs. This paper is aimed at comparing the external costs calculated for a number of power plants using different energy sources with the outcome of a multicriteria analysis where environmental impacts are expressed in physical terms or on a qualitative scale. Similarities and disparities in the obtained rankings are identified and clarified on the basis of the fundamental principles of the two approaches. It is concluded that, although external costs do not accurately reflect the traditional value system of individual decision makers, they give suitable price signals and thus help in eliminating distortions of the current energy market. (C) 1997 Elsevier Science B.V. (EN)

journalArticle

Electric power plants (EN)
Energy decisions (EN)
Decision making (EN)
Value engineering (EN)
Multiple criteria (EN)
Energy policy (EN)
External costs (EN)
Environmental impact (EN)
Marketing (EN)
Energy utilization (EN)
Energy resources (EN)
Numerical analysis (EN)
Energy (EN)
Cost effectiveness (EN)
Environment (EN)
Reliability (EN)
Energy production (EN)
Environmental planning (EN)
Electric power utilization (EN)

Εθνικό Μετσόβιο Πολυτεχνείο (EL)
National Technical University of Athens (EN)

European Journal of Operational Research (EN)

1997


ELSEVIER SCIENCE BV (EN)



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