Provision of Renewable Energy using Green Certificates: Market Power and Price Limits
We formulate an analytic equilibrium model for simultaneously functioning electricity market and a market for Green Certificates. The major focus of the paper is the effect of market power in a Green Certificate system. One of the main results from the analysis is that the certificate system faced with market power basically may collapse into a system of per unit subsidies.
|Date of creation:||19 Dec 2012|
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