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Revisiting support policies for RES-E adulthood: Towards market compatible schemes

Author

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  • Huntington, Samuel C.
  • Rodilla, Pablo
  • Herrero, Ignacio
  • Batlle, Carlos

Abstract

The past two decades of growth in renewable energy sources of electricity (RES-E) have been largely driven by out-of-market support policies. These schemes were designed to drive deployment on the basis of specific subsidies sustained in time to allow for the larger costs as well as to limit investor risk. While these policies have proven to be effective, the way they have been designed to date has led to costly market distortions that are becoming more difficult to ignore as penetrations reach unpreceded levels.

Suggested Citation

  • Huntington, Samuel C. & Rodilla, Pablo & Herrero, Ignacio & Batlle, Carlos, 2017. "Revisiting support policies for RES-E adulthood: Towards market compatible schemes," Energy Policy, Elsevier, vol. 104(C), pages 474-483.
    • Handle: RePEc:eee:enepol:v:104:y:2017:i:c:p:474-483
    DOI: 10.1016/j.enpol.2017.01.006
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    References listed on IDEAS

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    1. Andrei Shleifer, 1985. "A Theory of Yardstick Competition," RAND Journal of Economics, The RAND Corporation, vol. 16(3), pages 319-327, Autumn.
    2. Batlle, C. & Pérez-Arriaga, I.J. & Zambrano-Barragán, P., 2012. "Regulatory design for RES-E support mechanisms: Learning curves, market structure, and burden-sharing," Energy Policy, Elsevier, vol. 41(C), pages 212-220.
    3. Mastropietro, Paolo & Batlle, Carlos & Barroso, Luiz A. & Rodilla, Pablo, 2014. "Electricity auctions in South America: Towards convergence of system adequacy and RES-E support," Renewable and Sustainable Energy Reviews, Elsevier, vol. 40(C), pages 375-385.
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    6. del Río, Pablo & Linares, Pedro, 2014. "Back to the future? Rethinking auctions for renewable electricity support," Renewable and Sustainable Energy Reviews, Elsevier, vol. 35(C), pages 42-56.
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