Analyses of Wind and Photovoltaic Energy Integration from the Promoting Scheme Point of View: Study Case of Romania

Simona-Vasilica Oprea and Adela Bâra
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Simona-Vasilica Oprea: Department of Economic Informatics and Cybernetics, The Bucharest University of Economic Studies, Romana Square 6, 010374 Bucharest, Romania
Adela Bâra: Department of Economic Informatics and Cybernetics, The Bucharest University of Economic Studies, Romana Square 6, 010374 Bucharest, Romania

Energies, 2017, vol. 10, issue 12, 1-16

Abstract: The integration of renewable energy sources (RES) has several complex technical and economic aspects, such as: grid reinforcement, tertiary power reserves required for intermittent operation of RES, promoting or support scheme, etc. In this paper, the focus will be given to wind and photovoltaic energy integration from the promoting scheme point of view, with a special emphasis on the case of Romania. In this respect, we propose a model that shows the relation between wind and photovoltaic energy integration and support scheme in Romania. Due to the green certificates (GC) support scheme design that is related to several elements such as total consumption forecast, installed power of the plants based on each type of RES and their full load hours that are expected to vary, we also perform several sensitivity analyses. The GC support scheme implemented in Romania provides interesting insights regarding the installed power based on the primary energy source that could benefit from the GC for RES investors, policy and decision makers.

Keywords: consumption forecast; full load hours; green certificates; mandatory quotas; renewable energy sources (RES) integration (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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