Analysing the impact of renewable energy regulation on retail electricity prices
| Autor: | Elisa Trujillo-Baute, Pablo del Río, Pere Mir-Artigues |
|---|---|
| Přispěvatelé: | Ministerio de Economía y Competitividad (España), Generalitat de Catalunya, Río González, Pablo del [0000-0002-1712-5198], Río González, Pablo del |
| Rok vydání: | 2018 |
| Předmět: |
Renewable energy
020209 energy media_common.quotation_subject 02 engineering and technology 010501 environmental sciences Management Monitoring Policy and Law 01 natural sciences Renewable energy sources Agricultural economics Quotas Promotion (rank) Electricity Rates 0202 electrical engineering electronic engineering information engineering Economics media_common.cataloged_instance European union Feed-in tariff 0105 earth and related environmental sciences media_common Finance Electricitat business.industry Member states Feed-in tariffs Public support Econometric model General Energy Electricity prices Energies renovables Tarifes business Electricity retailing Panel data |
| Zdroj: | Digital.CSIC. Repositorio Institucional del CSIC instname Dipòsit Digital de la UB Universidad de Barcelona |
| ISSN: | 0301-4215 |
| DOI: | 10.1016/j.enpol.2017.11.042 |
| Popis: | Retail electricity prices have substantially increased in the last decade in the European Union (EU) as a result of different regulations, raising the concern of policy makers. The growth in the support costs for electricity from renewable energy sources (RES-E) has often been singled out as a main driver of the increase in these prices. The aim of this paper is to analyse the degree of influence of RES-E promotion costs on the evolution of the retail price of electricity in the EU Member States. The analysis is carried out for households as well as for industry, with the help of a panel data econometric model. Our results show that the impact of renewable energy promotion costs on retail electricity prices is positive and statistically significant, although relatively small. Differences across consumer types can be observed. An increase of 1% in those costs induces an average increase of only 0.023% in industrial retail prices and 0.008% in the residential retail prices. This impact on retail prices is mediated by the type of support scheme which is adopted, with price-based support instruments showing a greater effect than quantity-based ones. We acknowledge financial support from the Chair of Energy Sustainability (IEB, University of Barcelona) and from the projects ECO2015-69107-R (MINECO / FEDER, EU) and 2015-SGR-531 (Government of Catalonia) |
| Databáze: | OpenAIRE |
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