Comparing stakeholder incentives across state-of-the-art renewable support mechanisms
Narcís Avellana and
Renewable Energy, 2019, vol. 131, issue C, 689-699
Traditional support policies for green energy have greatly contributed to the rise in prosumer numbers. However, it is believed that they will soon start to exert negative impact on stakeholders and on the grid. Policy makers advise to phase out two of the most widely applied policies – net metering and feed-in tariff, in favor of support policies that scale better with rising renewable generation. This work quantifies the impact of these traditional policies in future “what-if” scenarios and confirms the need for their replacement. Based on simulations with real data, we compare net metering and feed-in tariff to four state-of-the-art market-based mechanisms, which involve auction, negotiation and bitcoin-like currency. The paper examines the extent to which each of these mechanisms motivates not only green energy production but also its consumption. The properties and characteristics of the above mechanisms are evaluated from the perspective of key stakeholders in the low voltage grid – prosumers, consumers and energy providers. The outcome of this study sheds light on current and future issues that are relevant for policy makers in the evolving landscape of the smart grid.
Keywords: Smart grid; Renewable energy; Incentive mechanism; Support policies; Feed-in tariff; Net metering (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:131:y:2019:i:c:p:689-699
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 ().