Prospects of Renewable Energy Development in the European Electricity Sector: Results of the Simulation Tool Green-X

Claus Huber, Thomas Faber and Gustav Resch
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Claus Huber: Energy Analyst Elektrizitäts-Gesellschaft Laufenburg Austria, Eschenbachstrasse 11/8, 1010 Wien, Austria
Thomas Faber: Energy Economics Group, Vienna University of Technology, Gußhausstraße 25-29/373-2, 1040 Vienna, Austria
Gustav Resch: Senior Researchers Energy Economics Group, Vienna University of Technology Gußhausstraße 25-29/373-2, 1040 Vienna, Austria

Energy & Environment, 2006, vol. 17, issue 6, 929-950

Abstract: This paper presents the results of selected simulation runs based on the computer model Green-X. The results suggest that the most significant efficiency gains -measured in terms of premiums to support renewables - can be achieved by optimising national RESE support measures - between two thirds and three quarters of the overall cost reduction potential can be attributed to the optimisation of national support schemes. Further efficiency improvements at a considerably lower level (at about one quarter to one third of the overall cost reduction potential) are possible through an EU-wide harmonisation of support schemes provided that a common European power market exists. Regional coordination represents an essential step towards EU wide harmonisation; half the additional cost benefits of an EU-wide harmonisation can already be tapped through regional coordination compared to the nationally optimised schemes. If a harmonised policy is pursued, technology-specific support is superior to non-specific support with respect to cost minimisation.

Keywords: Energy policy; renewables; promotion strategies; dynamic development; EU-wide harmonisation (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:engenv:v:17:y:2006:i:6:p:929-950

DOI: 10.1260/095830506779398920

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