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Efficiency and effectiveness of promotion systems for electricity generation from renewable energy sources – Lessons from EU countries

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  • Haas, Reinhard
  • Resch, Gustav
  • Panzer, Christian
  • Busch, Sebastian
  • Ragwitz, Mario
  • Held, Anne
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    Abstract

    Currently, a wide range of strategies is implemented in different countries to increase the share of electricity from renewable energy sources (RES-E). A still controversial discussion is whether quantity-driven (like Tradable Green Certificates (TGCs) based on quotas) or price-driven (like feed-in-tariffs (FIT)) instruments lead to preferable solutions for society. The core objective of this paper is to compare the perspectives of quota-based certificate trading systems for an efficient and effective increase of RES-E with FIT. The major results of this analysis are: (i) The success stories of growth in RES-E in EU member states in recent years has been triggered by FIT implemented in a technology-specific manner at modest costs for European citizens; (ii) At present, TGC systems in most countries applied show a low effectiveness with respect to RES-E deployment of less mature technologies such as solar PV (with improving tendencies in e.g. the UK or Italy with respect to certain technologies); (iii) Compared to short term trading in TGC markets the intrinsic stability of FIT systems appears to be a key element for success; (iv) Hence, currently a well-designed (dynamic) FIT system provides a certain deployment of RES-E in the shortest time and at lowest costs for society.

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    Bibliographic Info

    Article provided by Elsevier in its journal Energy.

    Volume (Year): 36 (2011)
    Issue (Month): 4 ()
    Pages: 2186-2193

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    Handle: RePEc:eee:energy:v:36:y:2011:i:4:p:2186-2193

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    Web page: http://www.journals.elsevier.com/energy

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    Keywords: Renewable energy; Promotion schemes; Cost effectiveness;

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    Cited by:
    1. Thilo Grau, 2014. "Comparison of Feed-in Tariffs and Tenders to Remunerate Solar Power Generation," Discussion Papers of DIW Berlin 1363, DIW Berlin, German Institute for Economic Research.
    2. Felix Groba & Barbara Breitschopf, 2013. "Impact of Renewable Energy Policy and Use on Innovation: A Literature Review," Discussion Papers of DIW Berlin 1318, DIW Berlin, German Institute for Economic Research.

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