Multicritery Decision: Application in the Selection of Alternatives of Generation of Electric Energy — From
the Environmental Economy to the Ecological Economy

University Mayor of san Andres, Bolivia

Abstract: With the objective of selecting alternatives for electric power generation in Bolivia from the viewpoint of the Ecological Economy in substitution of the Environmental Economy that has not solved the emissions of greenhouse gases and the depletion of energy resources, was used multicriteria decision (multi-objective programming), as decision instruments to resolve conflicts between the criteria: environmental (emission of greenhouse gases expressed in CO2eq), social (generation of jobs), economic (Normalized cost of energy, LCOE) and impact (cost of impacts on the environment, health and others) of nine alternatives: Thermoelectric to Natural Gas, Nuclear, Large Hydroelectric, Small Hydroelectric, Solar Thermal, Solar Photovoltaic, Wind, Geothermal, and Biomass. This method required data criteria for each alternative, available energy resources for each technology and power demanded by the population. Set the order of priority selected of the alternatives were: Wind, 31%; Small hydroelectric, 18%, Solar thermic, 18%, Solar photovoltaic, 16%, geothermal, 15% and biomass, 2%. Concluded that it is possible to generate a new energy matrix based on renewable resources with principles of ecological economics instead.