Preserving competition and economic welfare in Israel's PV market

Miriam Tourgeman, Chen Cohen and Ofir Rubin

Utilities Policy, 2024, vol. 91, issue C

Abstract: Despite global efforts, many countries struggle to meet renewable energy targets. In 2022, Israel's renewable energy accounted for only 10% of its electricity generation despite its abundant solar resources. This study analyzes the outcomes of three tenders for photovoltaic (PV) facilities aimed at advancing national renewable energy goals. The results reveal lower production costs but increased market concentration, with a 50% reduction in the number of winning firms, consolidating around major players. While efficiency has improved, the exit of smaller, less competitive firms raises concerns about long-term dominance. Cournot oligopoly simulations predict rising concentration and market power.

Keywords: Photovoltaic public tenders; Market concentration; Solar energy policy (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:s095717872400136x

DOI: 10.1016/j.jup.2024.101842

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