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Renewable Electricity in a Liberalised Market – The Concept of Green Certificates

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  • M. Voogt
  • M.G. Boots
  • G.J. Schaeffer
  • J.W. Martens

Abstract

Liberalisation of energy markets in Europe has altered many aspects of energy policy. In order to realise environmental targets in a liberalising market, the design and implementation of policy measures and incentive schemes have to be in accordance with free market principles. Current incentive schemes, most of which have been established in the pre-liberalisation situation, might not be able to fulfil this requirement (European Commission, 1999). This emphasises the need for new policy measures that are more in coherence with the new market. Such measures are discussed, thereby focussing on the green certificate system.

Suggested Citation

  • M. Voogt & M.G. Boots & G.J. Schaeffer & J.W. Martens, 2000. "Renewable Electricity in a Liberalised Market – The Concept of Green Certificates," Energy & Environment, , vol. 11(1), pages 65-79, January.
    • Handle: RePEc:sae:engenv:v:11:y:2000:i:1:p:65-79
    DOI: 10.1260/0958305001499917
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    References listed on IDEAS

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    1. Mitchell, Catherine, 1995. "The renewables NFFO: A review," Energy Policy, Elsevier, vol. 23(12), pages 1077-1091, December.
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    Cited by:

    1. Nielsen, Lene & Jeppesen, Tim, 2003. "Tradable Green Certificates in selected European countries--overview and assessment," Energy Policy, Elsevier, vol. 31(1), pages 3-14, January.
    2. Kevin Currier & Yanming Sun, 2014. "Market Power and Welfare in Electricity Markets Employing Tradable Green Certificate Systems," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(2), pages 129-138, May.
    3. Philippe Menanteau & Dominique Finon & Marie-Laure Lamy, 2001. "Prix versus quantités : Les politiques environnementales d’incitation au développement des énergies renouvelables," Working Papers halshs-01321796, HAL.
    4. Colesca, Sofia Elena & Ciocoiu, Carmen Nadia, 2013. "An overview of the Romanian renewable energy sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 149-158.
    5. Söderholm, Patrik & Ek, Kristina & Pettersson, Maria, 2007. "Wind power development in Sweden: Global policies and local obstacles," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(3), pages 365-400, April.
    6. Gupta, Sandeep Kumar & Purohit, Pallav, 2013. "Renewable energy certificate mechanism in India: A preliminary assessment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 380-392.
    7. Gillenwater, Michael, 2008. "Redefining RECs--Part 1: Untangling attributes and offsets," Energy Policy, Elsevier, vol. 36(6), pages 2109-2119, June.
    8. Mishra, Pulak & Behera, Bhagirath, 2016. "Socio-economic and environmental implications of solar electrification: Experience of rural Odisha," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 953-964.

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