Comparative Renewables Policy

Boasson, Elin Lerum; Leiren, Merethe Dotterud; Wettestad, Jørgen

doi:10.4324/9780429198144

Cited by 9 publications

(7 citation statements)

References 104 publications

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“…The 211 studies on developed countries suggest a significant variation across the effects of energy policy instruments. They help support the evidence that material endowment and "integrated policy and economy-wide approaches" coupled with "enabling conditions (governance, institutions, behavior, innovation, policy, and finance)" are key to decarbonization (Bang et al, 2015;Bednar-Friedl et al, 2022;Boasson et al, 2020;Lamb & Minx, 2020).…”

Section: Context and Motivationmentioning

confidence: 78%

Assessing the Impact of Renewable Energy Policies on Decarbonization in Developing Countries

Galeazzi¹,

Steinbuks²,

Anadón³

2023

Policy Research Working Papers

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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Section: Context and Motivationmentioning

confidence: 78%

Assessing the Impact of Renewable Energy Policies on Decarbonization in Developing Countries

Galeazzi¹,

Steinbuks²,

Anadón³

2023

Policy Research Working Papers

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“…The French state introduced a purchase obligation act in 2000 to increase RES deployment, which guarantees a fixed FIT. While in 2010 and 2011, the government started the first calls for tenders for solar and offshore wind (Boasson, Banet, and Wettestad 2021), the onshore wind plants registered for support before 2016 could still benefit from fixed payments (Tazi and Bouzidi 2020). Furthermore, small-capacity RES projects may still use FIT support.…”

Section: Case Study and Datamentioning

confidence: 99%

Auctions for Renewables: Does the Choice of the Remuneration Scheme Matter?

Darudi¹

2023

The Energy Journal

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Auctions are increasingly used to support renewable energy sources (RES). The choice of the remuneration scheme is one of the major design challenges policymakers face. This paper analyzes the effects of remuneration schemes on RES auctions' success in markets with imperfect competition. I develop a game-theoretical auction/operation framework to model the feedback effects between the spot market's strategic behavior and the auction stage's bidding behavior. The analysis indicates that policymakers concerned about true-cost bidding, allocative efficiency, spot price, total payments to RES, and non-realization risk may prefer feed-in-tariff (FIT) remuneration. However, feed-in-premium (FIP) remunerations may outperform FIT ones from a social welfare perspective, particularly in markets with dirty technologies at the margin. A machine-learning-based simulation strategy is also presented, indicating that, for an auction for 14 GW of onshore wind in France, FIP auction with a winning incumbent leads to 1.40% higher prices than FIT ones.

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“…The successive legislative packages have not only aimed at perfecting the horizontal harmonization of the electricity industry but more notably have set ambitious emission reduction targets and policy incentives. These, in turn, led to a diffusion of feed-in tariffs and other direct support schemes in the EU (Lerum Boasson et al, 2021), as we will discuss in detail below. These, together with the plummeting costs of renewables (Xiao et al, 2021), have been decisive to achieve the purpose of a higher share of clean generation.…”

Section: Energy Policy: Literature Reviewmentioning

confidence: 99%

Soaring electricity prices in the day-ahead Iberian market: policy insights, regulatory challenges and lack of system flexibility

Bento

Mariano

Carvalho³

et al. 2023

IJESM

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Purpose This study is a targeted review of some of the major changes in European regulation that guided energy policy decisions in the Iberian Peninsula and how they may have aggravated the problem of lack of flexibility. This study aims to assess some of the proposed short-term solutions to address this issue considering the underlying root causes and suggests a different course of action, that in turn, could help alleviate future market strains. Design/methodology/approach The evolution of the most important (macro) energy and price-related variables in both Portugal and Spain is assessed using market and grid operator data. In addition, the authors present critical viewpoints on some of the most recent EU and national regulation changes (official document analysis). Findings The Iberian energy policy and regulatory agenda has successfully promoted a rapid adoption of renewables (main goal), although with insufficient diversification of generation technologies. The compulsory closings of thermal plants and an increased tax (mainly carbon) added pressure toward more environmentally friendly thermal power plants. However, inevitably, this curbed the bidding price competitiveness of these producers in an already challenging market framework. Moving forward, decisions must be based on “a bigger picture” that does not neglect system flexibility and security of supply and understands the specificities of the Iberian market and its generation portfolio. Originality/value This work provides an original account of unprecedented spikes in energy prices in 2021, specifically in the Iberian electricity market. This acute situation worries consumers, industry and governments. Underlining the instability of the market prices, for the first time, this study discusses how some of the most important regulatory changes, and their perception and absorption by involved parties, contributed to the current environment. In addition, this study stresses that if flexibility is overlooked, the overall purpose of having an affordable and reliable system is at risk.

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Comparative Renewables Policy

Cited by 9 publications

References 104 publications

Assessing the Impact of Renewable Energy Policies on Decarbonization in Developing Countries

Assessing the Impact of Renewable Energy Policies on Decarbonization in Developing Countries

Auctions for Renewables: Does the Choice of the Remuneration Scheme Matter?

Soaring electricity prices in the day-ahead Iberian market: policy insights, regulatory challenges and lack of system flexibility

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