Service quality and the share of renewable energy in electricity generation

Jingyuan Yao, Erliang Xiao, Xianzhong Jian and Lingli Shu

Utilities Policy, 2021, vol. 69, issue C

Abstract: The government's policy on the proportion of renewable energy in power generation significantly affects consumers and all companies. Few studies have considered the implications for service quality. A model based on the Stackelberg-game theory is developed to obtain the optimal strategies and profits of all companies in equilibrium. Contracts are proposed to help all agents maximize their profits. We find that when the government gradually increases the proportion of renewable energy generation, and the cost of renewable energy generation decreases, the changes in profits for all companies and electricity prices are minimal.

Keywords: Service quality; Renewable portfolio standard; Contract mechanism (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:69:y:2021:i:c:s0957178720301557

DOI: 10.1016/j.jup.2020.101164

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