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Prospects of Renewable Energy Development in the European Electricity Sector: Results of the Simulation Tool Green-X

Author

Listed:
  • Claus Huber

    (Energy Analyst Elektrizitäts-Gesellschaft Laufenburg Austria, Eschenbachstrasse 11/8, 1010 Wien, Austria)

  • Thomas Faber

    (Energy Economics Group, Vienna University of Technology, Gußhausstraße 25-29/373-2, 1040 Vienna, Austria)

  • Gustav Resch

    (Senior Researchers Energy Economics Group, Vienna University of Technology Gußhausstraße 25-29/373-2, 1040 Vienna, Austria)

Abstract

This paper presents the results of selected simulation runs based on the computer model Green-X. The results suggest that the most significant efficiency gains -measured in terms of premiums to support renewables - can be achieved by optimising national RESE support measures - between two thirds and three quarters of the overall cost reduction potential can be attributed to the optimisation of national support schemes. Further efficiency improvements at a considerably lower level (at about one quarter to one third of the overall cost reduction potential) are possible through an EU-wide harmonisation of support schemes provided that a common European power market exists. Regional coordination represents an essential step towards EU wide harmonisation; half the additional cost benefits of an EU-wide harmonisation can already be tapped through regional coordination compared to the nationally optimised schemes. If a harmonised policy is pursued, technology-specific support is superior to non-specific support with respect to cost minimisation.

Suggested Citation

  • Claus Huber & Thomas Faber & Gustav Resch, 2006. "Prospects of Renewable Energy Development in the European Electricity Sector: Results of the Simulation Tool Green-X," Energy & Environment, , vol. 17(6), pages 929-950, November.
    • Handle: RePEc:sae:engenv:v:17:y:2006:i:6:p:929-950
    DOI: 10.1260/095830506779398920
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    1. repec:dui:wpaper:1305 is not listed on IDEAS
    2. Steinbach, Jan & Ragwitz, Mario & Bürger, Veit & Becker, Liv & Kranzl, Lukas & Hummel, Marcus & Müller, Andreas, 2013. "Analysis of harmonisation options for renewable heating support policies in the European Union," Energy Policy, Elsevier, vol. 59(C), pages 59-70.
    3. Söderholm, Patrik, 2008. "The political economy of international green certificate markets," Energy Policy, Elsevier, vol. 36(6), pages 2051-2062, June.
    4. Spiecker, Stephan & Weber, Christoph, 2014. "The future of the European electricity system and the impact of fluctuating renewable energy – A scenario analysis," Energy Policy, Elsevier, vol. 65(C), pages 185-197.
    5. Söderholm, Patrik, 2008. "Harmonization of renewable electricity feed-in laws: A comment," Energy Policy, Elsevier, vol. 36(3), pages 946-953, March.
    6. Maza, Adolfo & Hierro, María & Villaverde, José, 2010. "Renewable electricity consumption in the EU-27: Are cross-country differences diminishing?," Renewable Energy, Elsevier, vol. 35(9), pages 2094-2101.

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