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Regulatory impact of photovoltaic prosumer policies in Brazil based on a financial risk analysis

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  • de Oliveira Pinto Coelho, Eden
  • Aquila, Giancarlo
  • Bonatto, Benedito Donizeti
  • Balestrassi, Pedro Paulo
  • de Oliveira Pamplona, Edson
  • Nakamura, Wilson Toshiro

Abstract

In 2018, A Regulatory Impact Analysis (RIA) was launched to review the Brazil's prosumer remuneration scheme in Brazil. Six policy alternatives that can impose different financial risks on photovoltaic prosumers, including whether or not there are complementary incentives, are considered. Policy implications are based on an analysis of the financial risk to prosumers in São Paulo state in terms of the Conditional Value at Risk of Net Present Value. The results reveal that additional financial incentives can mitigate the financial risk of some alternatives. Some alternatives impose financial risk that may discourage new prosumers in some of the São Paulo regions studied.

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  • de Oliveira Pinto Coelho, Eden & Aquila, Giancarlo & Bonatto, Benedito Donizeti & Balestrassi, Pedro Paulo & de Oliveira Pamplona, Edson & Nakamura, Wilson Toshiro, 2021. "Regulatory impact of photovoltaic prosumer policies in Brazil based on a financial risk analysis," Utilities Policy, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:juipol:v:70:y:2021:i:c:s0957178721000485
    DOI: 10.1016/j.jup.2021.101214
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    3. Maestri, Cláudia Olímpia Neves Mamede & Andrade, Maria Elisabeth Moreira Carvalho, 2022. "Priorities for tariff compensation of distributed electricity generation in Brazil," Utilities Policy, Elsevier, vol. 76(C).
    4. Hassan Gholami & Harald Nils Røstvik, 2021. "Levelised Cost of Electricity (LCOE) of Building Integrated Photovoltaics (BIPV) in Europe, Rational Feed-In Tariffs and Subsidies," Energies, MDPI, vol. 14(9), pages 1-15, April.
    5. Costa, Vinicius B.F. & Capaz, Rafael S. & Silva, Patrícia F. & Doyle, Gabriel & Aquila, Giancarlo & Coelho, Éden O. & de Lorenci, Eliane & Pereira, Lígia C. & Maciel, Letícia B. & Balestrassi, Pedro P, 2022. "Socioeconomic and environmental consequences of a new law for regulating distributed generation in Brazil: A holistic assessment," Energy Policy, Elsevier, vol. 169(C).
    6. de Doile, Gabriel Nasser Doyle & Rotella Junior, Paulo & Rocha, Luiz Célio Souza & Janda, Karel & Aquila, Giancarlo & Peruchi, Rogério Santana & Balestrassi, Pedro Paulo, 2022. "Feasibility of hybrid wind and photovoltaic distributed generation and battery energy storage systems under techno-economic regulation," Renewable Energy, Elsevier, vol. 195(C), pages 1310-1323.
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