EconPapers    
Economics at your fingertips  
 

Assessing the cost of renewable energy policy options – A Spanish wind case study

Patrick Bean, Jorge Blazquez () and Nora Nezamuddin

Renewable Energy, 2017, vol. 103, issue C, 180-186

Abstract: This paper assesses the cost effectiveness of wind energy policy options by using a cost–benefit analysis approach. In comparison with other studies, the main contribution of this paper is the use of real financial and operational information of 318 wind projects in Spain between 2006 and 2013. The projects represent 83% of total new wind capacity additions in Spain during the 2006–2013 period. Under real market conditions, it is found that the most cost effective option for promoting wind energy development from the government perspective is to use an investment credit policy given the capital intensive nature of wind technology. The analysis shows that an investment credit yields similar results as other policy options like feed-in tariffs and feed-in premiums, but at a cheaper cost and with less risk to the taxpayers or electricity consumers because costs do not fluctuate with electricity market prices.

Keywords: Feed-in tariffs; Feed-in premiums; Investment credits; Production tax credits; Spanish onshore wind; Levelized cost of electricity (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148116309636
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:renene:v:103:y:2017:i:c:p:180-186

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-10-01
Handle: RePEc:eee:renene:v:103:y:2017:i:c:p:180-186