The Economic Impact of Climate Change on the HPS Mavrovo

Panajotov, Martin and Cingoski, Vlatko (2019) The Economic Impact of Climate Change on the HPS Mavrovo. 19th International Conference on Thermal Sciences and Engineering in Serbia - SIMTERM 2019, 19. pp. 279-291. ISSN 978-86-6055-124-7

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Due to the stochastic character of climate change, the hydropower plants work with great
uncertainty, especially as a result of hydrological variability. The magnitude of the climate change impact
largely depends on the hydrological capacity of the existing power plants’ storages and hence on the
economy of a country. Having into account a fact that many factors have a significant impact on climate
change, long-term estimates, analysis, and prediction of future hydrology is not easy and could not be
quite precise. However, the opportunities offered by various meteorological models have strongly
contributed to better understandings of climate change and its physical effects, thus raising global
awareness of the need to better adapt and optimize the operation of hydropower plants.In this paper, the
authors use the hydropower system (HPS) Mavrovo as a model to explain the expected economic impacts
of climate change on this HPS and on the local electricity markets. It has been shown that the expected
climate change has an ambiguous impact on energy generation and economy of operation. The cost of
electricity and the system operation are changing, increase during dry weather conditions and decrease
under average wet or extreme wet weather conditions. Finally, some analysis and protection measures for
climate change mitigation are also given.

Item Type: Article
Subjects: Engineering and Technology > Electrical engineering, electronic engineering, information engineering
Engineering and Technology > Environmental engineering
Engineering and Technology > Mechanical engineering
Divisions: Faculty of Electrical Engineering
Depositing User: Vlatko Cingoski
Date Deposited: 12 Dec 2019 09:33
Last Modified: 12 Dec 2019 09:33

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