Impact of Spanish renewable support scheme reforms on the revenues of photovoltaic power plants

Fidel Castro-Rodríguez and Daniel Miles-Touya

Utilities Policy, 2023, vol. 80, issue C

Abstract: In this paper, we study the impact of the 2013 reform of the Spanish support scheme for renewable on the revenues of photovoltaic plants of small investors. We break down the revenue change into two sources. The first lies in the difference between the payment per unit of electricity that the plant received under the new scheme and what it would have received under the original scheme. We show that this change depended on plant productivity. The second lies in the revenue forecast bias made by small investors when evaluating investment projects. This revenue bias may help to explain some of the liquidity claims raised by these producers in the aftermath of the remuneration scheme modification.

Keywords: Renewable support scheme; Spanish regulatory reform; PV plants revenue (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0957178722001400
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:80:y:2023:i:c:s0957178722001400

DOI: 10.1016/j.jup.2022.101476

Access Statistics for this article

Utilities Policy is currently edited by Beecher, Janice

More articles in Utilities Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().