Optimal renewable-energy subsidies

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dc.contributor.authorAndor, Mark
dc.contributor.authorVoss, Achim
dc.date.accessioned2014-03-07T13:39:37Z
dc.date.available2014-03-07T13:39:37Z
dc.date.issued2014-03-07
dc.description.abstractWe derive optimal subsidization of renewable energies in electricity markets. The analysis takes into account that capacity investment must be chosen under uncertainty about demand conditions and capacity availability, and that capacity as well as electricity generation may be sources of externalities. The main result is that generation subsidies should correspond to externalities of electricity generation (e.g., greenhouse gas reductions), and investment subsidies should correspond to externalities of capacity (e.g., learning spillovers). If only capacity externalities exist, then electricity generation should not be subsidized at all. Our results suggest that some of the most popular promotion instruments cause welfare losses.en
dc.identifier.urihttp://hdl.handle.net/2003/32932
dc.identifier.urihttp://dx.doi.org/10.17877/DE290R-7230
dc.language.isoende
dc.relation.ispartofseriesDiscussion Paper / SFB 823;06/2014
dc.subjectpeak-load pricingen
dc.subjectfeed-in tariffsen
dc.subjectoptimal subsidiesen
dc.subjectrenewable energy sourcesen
dc.subjectdemand uncertaintyen
dc.subjectcapacity investmenten
dc.subject.ddc310
dc.subject.ddc330
dc.subject.ddc620
dc.titleOptimal renewable-energy subsidiesen
dc.typeTextde
dc.type.publicationtypeworkingPaperde
dcterms.accessRightsopen access

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