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-contingent renewable subsidies outperforms both unconditional commitment and discretion. The choice between the practically more feasible …
Persistent link: https://www.econbiz.de/10011611130
subsidies using the Irish Single Electricity Market (SEM) as a test system, with hourly data from 1 January 2008 to 28 August … after including the cost of subsidies given to wind generation. …
Persistent link: https://www.econbiz.de/10011614204
subsidies using the Irish Single Electricity Market (SEM) as a test system, with hourly data from 1 January 2008 to 28 August … outage. The effect of wind remains positive after including the subsidies given to wind generation …
Persistent link: https://www.econbiz.de/10012962851
Generation from wind power plants is intermittent and affects profits of wind power generators and conventional generators alike. Currently, generators have limited options for transferring the resulting wind-related volume risks. The European Energy Exchange (EEX) recently introduced...
Persistent link: https://www.econbiz.de/10012968334
Previous literature has argued that the introduction of wind power significantly in creases grid congestion. This would potentially impose a negative effect on how regional production is allocated among generators (i.e., regional allocative efficiency). By com paring a U.S. regional electricity...
Persistent link: https://www.econbiz.de/10013311028
, intermittent renewables like wind or solar, and storage. We determine optimal subsidies for renewables and storage capacities when …
Persistent link: https://www.econbiz.de/10011911934
, intermittent renewables like wind or solar, and storage. We determine optimal subsidies for renewables and storage capacities when …
Persistent link: https://www.econbiz.de/10012268082
-best solution. This is also the case for an electricity consumption tax that is supplemented by subsidies for renewables and a tax … on storage, but not for high shares of renewables in the energy mix. We then analyze second-best subsidies for renewables …
Persistent link: https://www.econbiz.de/10012232987
This paper studies how subsidies for solar systems can lead to second-degree moral hazard - the impulse of installers … to increase prices and/or reduce labor input when customers receive subsidies. Employing an instrumental variable … subsidy levels are associated with a cost increase when customers receive unconditional upfront subsidies as compared to …
Persistent link: https://www.econbiz.de/10012511620
Energy system and power market models refrain from distinguishing between private and social discount rates. We devise a strategy to account for diverging private and social discount rates in intertemporal optimization frameworks, resulting in an optimal carbon tax above the marginal damage when...
Persistent link: https://www.econbiz.de/10013329795