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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Scope of Electricity Efficiency Improvement in Switzerland until 2035
Organization Unit
Authors
  • Boris Krey
Language
  • English
Institution University of Zurich
Series Name Working paper series / Socioeconomic Institute
Number No. 813
Date 2008
Abstract Text This study uses Markowitz mean-variance portfolio theory with forecasted data for the years 2005 to 2035 to determine efficient electricity generating technology mixes for Switzerland. The SURE procedure has been applied to filter out the systematic components of the covariance matrix. Results indicate that risk-averse electricity users in 2035 gain in terms of higher expected return, less risk, more security of supply and a higher return-to-risk ratio compared to 2000 by adopting a feasible minimum variance (MV) technology mix containing 28 percent Gas, 20 percent Run of river, 13 percent Storage hydro, 9 percent Nuclear, and 5 percent each of Solar, Smallhydro, Wind, Biomass, Incineration, and Biogas respectively. However, this mix comes at the cost of higher CO2 emissions.
Official URL http://www.econ.uzh.ch/wp.html
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