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

Matti Liski; Iivo Vehviläinen

doi:10.1086/709648

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

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Tutkimustuotos: Lehtiartikkeli › Article › Scientific › vertaisarvioitu

14 Viittaukset (Web of Science)

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.

Alkuperäiskieli	Englanti
Sivut	873-900
Sivumäärä	28
Julkaisu	Journal of the Association of Environmental and Resource Economists
Vuosikerta	7
Numero	5
DOI - pysyväislinkit	https://doi.org/10.1086/709648
Tila	Julkaistu - 1 syysk. 2020
OKM-julkaisutyyppi	A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä

Rahoitus

Matti Liski([email protected]) and Iivo Vehvilainen([email protected]) are in the Economics Department of Aalto University. We thank anonymous reviewers and the editor for thoughtful feedback and careful handling of the paper. We also thank Manuel Bagues, Natalia Fabra, Nils-Henrik M. von der Fehr, Richard Green, Michael Hoel, Felix Hoffler, Markku Kallio, David Newbery, Mathias Reynaert, Robert Ritz, Matti Sarvimaki, Otto Toivanen, Juuso Valimaki, Nikolas Wolfing, and participants at numerous seminars for valuable comments and discussions. James Corbishley and Andrey Zhukov provided research assistance at early stages of this project. Funding from the Aalto Energy Efficiency Program and the Academy of Finland program New Energy is gratefully acknowledged.

YK:n kestävän kehityksen tavoitteet

Tämä tuotos edistää seuraavia kestävän kehityksen tavoitteita:

SDG 7 – Edullinen ja puhdas energia
SDG 13 – Ilmastotoimet
Kestävän kehityksen tavoite 17 – Yhteistyö ja kumppanuus

Pääsy asiakirjaan

10.1086/709648

Siteeraa tätä

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AU - Vehviläinen, Iivo

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KW - renewables

KW - storage

KW - climate policies

KW - PASS-THROUGH

KW - ELECTRICITY

KW - MARKET

KW - COMPETITION

KW - INDUSTRY

KW - COSTS

KW - WHOLESALE

KW - POLLUTION

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

Abstrakti

Rahoitus

YK:n kestävän kehityksen tavoitteet

Pääsy asiakirjaan

Sormenjälki

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