Provision of renewable energy using green certificates: market power and price limits
We formulate an analytic equilibrium model for simultaneously functioning electricity market an 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 is that the certificate system faced with market power basically may collapse into a system of feed in tariffs.
|Date of creation:||2002|
|Date of revision:|
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Staff General Research Papers
31548, Iowa State University, Department of Economics.
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NBER Working Papers
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