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Application: RES-E Promotion. 1. Policy Background 2. Efficiency Considerations 3. Numerical Framework (ELEC-MR) 4. Policy Analysis. 1. Policy Background. Alternative RES-E Promotion Schemes. Two strategies to promote RES-E in Europe:

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slide1

Application: RES-E Promotion

1. Policy Background

2. Efficiency Considerations

3. Numerical Framework (ELEC-MR)

4. Policy Analysis

alternative res e promotion schemes
Alternative RES-E Promotion Schemes
  • Two strategies to promote RES-E in Europe:
    • Feed-in tariff systems with differentiated (technology-specific) subsidies
    • Quota obligations with trade (TGCs:= tradable green certificates)

Feed-in tariffs

Green quotas

  • + Flexibility (easily adjustable)
  • + Low risk for investors
  • + Serves additional targets(industrial / regional policy goals)
  • Demands „well informed“ regulation
  • Danger of over-funding (rent seeking)
  • Potentially high excess costs
  • + Little information requirements
  • + Efficient de-centralized mechanism
  • - Risk and uncertainties about futuremarket developments
  • „Hurdles“ for infant technologies

Key question: Price tag for additional objectives than greening of electricity (additional costs of differentiated feed-in)?

additional cost of diversified feed in
Additional Cost of Diversified Feed-In

Uniform feed-in tariff

(eq. regional quota)

Diversified feed-in tariff

elec mr basic model structure
ELEC-MR: Basic Model Structure
  • Static (short-term) representation of EU electricity markets
  • Cournot competition among EU power companies

T

Region r

Region 2

Industrial demand - Base-load

- Peak-Load

Region 1

Supply

Company 1

Company 2

.

.

.

Company n

Industrial demand - Base-load

- Peak-Load

Supply

Company 1

Company 2

.

.

.

Company n

Residential demand - Base-load

- Peak-load

Residential demand - Base-load

- Peak-load

elec mr parametrization
ELEC-MR: Parametrization

Supply:

  • 23 countries (EU-25 without Malta and Cyprus)
  • 1160 power plants
    • 11 representative technologies
    • Detailed bottom-up Information on costs
  • 210 companies

Demand:

  • 23 countries (EU-25 without Malta and Cyprus)
  • Residential and industrial electricity demand
    • Load-specific demand pattern (base, peak)
    • Elastic demand (demand elasticities for 4 segments: industrial-base, industrial-peak, residential-base, residential-peak)
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