Technical and economic feasibility of sustainable heating and cooling supply options in southern European municipalities-A case study for Matosinhos, Portugal

The results show that, from a socio-economic perspective, the use of excess heat from a refinery via a DHC network might be the economically most competitive option. In addition, the heat pump system combined with photovoltaics is cost-effective from a socio-economic perspective compared to the status quo if the capital costs of the status quo are also accounted for. This justifies support policies to also make it cost-competitive from a private economic perspective, which it currently is not. Sensitivity analyses were conducted for the most influential factors like capital investment costs, interest rate, and fuel prices.