Gone with the Wind? An Empirical Analysis of the Equilibrium Impact of Renewable Energy

Matti Liski*, Iivo Vehvilaeinen

*Tämän työn vastaava kirjoittaja

Tutkimustuotos: LehtiartikkeliArticle

Abstrakti

What are the final equilibrium impacts of renewable energy investments on consumer and producer surpluses? This paper offers an approach to quantify the surplus breakdown in a market dominated by renewables and sufficient storage to counterbalance their intermittency-the Nordic electricity market. Wind power entry has strong distributional impacts: 10% market share for wind generation changes the consumer side surplus by an amount that is equivalent to a 40% decline in expenditures, at the cost of incumbents' surplus. The surplus transfer is big enough to cover the cost of subsidizing entry.

AlkuperäiskieliEnglanti
Sivut873-900
Sivumäärä28
JulkaisuJournal of the Association of Environmental and Resource Economists
Vuosikerta7
Numero5
DOI - pysyväislinkit
TilaJulkaistu - 1 syyskuuta 2020
OKM-julkaisutyyppiA1 Julkaistu artikkeli, soviteltu

Siteeraa tätä