Application: RES-E Promotion
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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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Application res e promotion

Application: RES-E Promotion

1. Policy Background

2. Efficiency Considerations

3. Numerical Framework (ELEC-MR)

4. Policy Analysis


Application res e promotion

1. Policy Background


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)?


Application res e promotion

2. Efficiency Considerations


Additional cost of diversified feed in

Additional Cost of Diversified Feed-In

Uniform feed-in tariff

(eq. regional quota)

Diversified feed-in tariff


Application res e promotion

3. Numerical Framework


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)


Application res e promotion

4. Policy Analysis


Illustrative policy scenarios

Illustrative Policy Scenarios


Results 1 eu technology mix

Results (1): EU Technology Mix


Results 2 res e mix

Results (2): RES-E Mix


Results 3 economic indicators

Results (3): Economic Indicators


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