2015

Renewable Electricity Policy and Market Integration

Särtryck nr 2015:50

Författare: Thomas TangeråsÅr: 2015 Publikation: Energy Journal Årgång (nr): 36 (4) Sidor: 331–353
Artikeln online (behörighet kan krävas)
Preliminär version


I analyze renewable electricity policy in a multinational electricity market with transmission investment. If national policy makers choose support schemes to maximize domestic welfare, a trade policy motive arises operating independently of any direct benefit of renewable electricity. The model predicts electricity importing (exporting) countries to choose policies which reduce (increase) electricity prices. A narrow pursuit of domestic objectives distorts transmission investment, and thereby market integration, below the efficient level. Distortions cannot be corrected by imposing national renewable targets alone. Instead, subsidies to transmission investment and a harmonization of and reduction in the number of policy instruments can improve welfare.


Referens:
Tangerås, Thomas (2015), "Renewable Electricity Policy and Market Integration". Energy Journal 36(4), 331–353.

Thomas Tangerås

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