This paper firstly studies the influence of variations in fuel tariffs and
greenhouse gas emissions of the grid electricity on the financial and
environmental metrics, demonstrating divergences when considered alone.
Secondly, a combined economic and environmental objective function is
proposed, yielding a good compromise between both concerns. Real data are
available from a Brazilian Northeast building where electricity, heat (hot
water), and cooling are important for comfort and well-being. When
addressing the bicriteria optimization, consideration of 20% of one metric
enormously improved the overall result, with only slightly worsening the
other metric. This is possible because the optimization scheme can choose
from a rich pool of physical and operational scenarios.