The impact of extended decision times in planning and regulatory processes for energy infrastructure

Genaro Longoria, Muireann Lynch, Niall Farrell and John Curtis

Utilities Policy, 2024, vol. 91, issue C

Abstract: Effective planning and regulatory processes ensure orderly energy systems. Often, decisions are not made within mandated timeframes and discrete approval processes are infrequent. A given delay may be compounded where multiple approval processes exist in sequence. These factors can negatively affect system costs and, ultimately, consumer welfare. We show that delays have meaningful impacts on electricity prices, system emissions, infrastructure investment and system operating costs. Our numerical simulation of data from Ireland shows that wholesale electricity prices are up to 10% higher and CO2 emissions up to 4% higher, attributable to delays associated with planning and regulatory approvals.

Keywords: Regulatory; Infrastructure planning; Planning reform; Delay (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:91:y:2024:i:c:s0957178724001176

DOI: 10.1016/j.jup.2024.101824

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