We set up a static model of electricity provision in which delivery to consumers is only imperfectly reliable … its social value. We also discuss the impacts of a carbon tax on supply, demand, and optimal regulation. …

by the Constitutional Council; the challenges relating to renewable and nuclear electricity generation; the ways to …

, higher electricity consumption reduces the negative welfare impacts of integrating renewables. Until renewables and storage …The 2022 energy crisis highlighted the dependence of the Europe electricity sector on imported natural gas and the need … to accelerate the adoption of renewables to the power system. However, operating a reliable power system with high share …

We evaluate the effects of homogeneous subsidies granted for emission-free electricity generation on market outcomes …

. Our focus is on utilizing the synergies between market-based reforms and renewables as the electricity sector lies at the … lessons for policy makers pursuing supply diversification through renewables. …

subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large …Subsidies to renewable energy are costly and contentious. We estimate the reduction in prices that follows from the … the total electricity market expenditures. The subsidies generate net gains to consumers. We develop an approach to …

Given the agreed urgency of decarbonizing electricity and the need to guide decentralized private decisions, an …-even carbon price for mature zerocarbon electricity investments. It appears an attractive alternative given the difficulty of … measuring the social cost of carbon, but modelling shows it extremely sensitive to projected fuel prices, the rate of interest …

Given the agreed urgency of decarbonizing electricity and the need to guide decentralized private decisions, an … zero-carbon electricity investments. It appears an attractive alternative given the difficulty of measuring the social cost … of carbon, but modelling shows it extremely sensitive to projected fuel prices, the rate of interest, and the capital …

expansion of renewables promoted by fixed feed-in tariffs and unlimited priority feed-in - on neighbouring countries. We find … support schemes caused a price decrease of up to 0.17 percent for each percent of additional generation from German renewables …