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The evolution of flexibility mechanisms for achieving European renewable energy targets 2020--ex-ante evaluation of the principle mechanisms

  • Klessmann, Corinna
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    In December 2008, the European Council and the European Parliament agreed on a final compromise for a new European renewable energy directive. One of the most debated issues prior to this compromise was the design of "target flexibility mechanisms", which should allow member states with low or expensive renewable energy potential to partly fulfil their national renewable energy target in other countries. This article traces back the political discussion that has led to the evolution of the different flexibility options. It then evaluates the most prominent flexibility mechanisms against a set of qualitative criteria. It concludes that free or restricted certificate trade based on guarantees of origin (GOs) - as proposed earlier by the European Commission - is not a viable option due to some "knockout" criteria, despite other potential advantages. The mechanisms that have replaced GO trade in the final compromise - joint projects, joint support schemes and statistical transfer between member states - provide less flexibility, but score better against a number of other important criteria. The crucial question for the coming years is how their utilisation can be facilitated. One first step might be that proactive member states define open design issues for implementing the mechanisms.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(09)00477-7
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    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 37 (2009)
    Issue (Month): 11 (November)
    Pages: 4966-4979

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    Handle: RePEc:eee:enepol:v:37:y:2009:i:11:p:4966-4979
    Contact details of provider: Web page: http://www.elsevier.com/locate/enpol

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    1. Toke, David, 2008. "The EU Renewables Directive--What is the fuss about trading?," Energy Policy, Elsevier, vol. 36(8), pages 2991-2998, August.
    2. Munoz, Miquel & Oschmann, Volker & David Tabara, J., 2007. "Harmonization of renewable electricity feed-in laws in the European Union," Energy Policy, Elsevier, vol. 35(5), pages 3104-3114, May.
    3. Atle Midttun & Mari Hegg Gundersen & Anne Louise Koefoed, 2004. "Greening of Nordic Electricity Industry: Policy Convergence and Diversity," Energy & Environment, SAGE Publishing, vol. 15(4), pages 633-656, July.
    4. Ragwitz, Mario & Resch, Gustav & Schleich, Joachim, 2007. "Increased auctioning in the EU ETS and trade in guarantees of origin for renewables: a comparison of the impact on power sector producer rents," Working Papers "Sustainability and Innovation" S8/2007, Fraunhofer Institute for Systems and Innovation Research (ISI).
    5. Klessmann, Corinna & Nabe, Christian & Burges, Karsten, 2008. "Pros and cons of exposing renewables to electricity market risks--A comparison of the market integration approaches in Germany, Spain, and the UK," Energy Policy, Elsevier, vol. 36(10), pages 3646-3661, October.
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