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The economic value of dispatchable solar electricity: a Post-Paris evaluation

Karl Steininger (), Wolf D. Grossmann () and Iris Grossmann ()
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Wolf D. Grossmann: University of Graz
Iris Grossmann: Carnegie Mellon University

No 2016-10, Graz Economics Papers from University of Graz, Department of Economics

Abstract: The UNFCCC Paris Agreement is indicative of the global effort to shift from fossil to renewable energy. Given its abundance and continuous cost decline, photovoltaic electricity is set to play a major role, requiring determination of its economic value in dependence on market share and time horizon. While the literature evaluates short-term perspectives for small market shares and medium-term for significant shares, we develop an approach to determine the costs of ``dispatchable'' solar electricity, where distributed photovoltaic electricity combined with storage and transmission serves full market coverage. This provides a reference for the long-term economic value of solar electricity.

Keywords: Renewable Energy; Sustainability; Allocative Efficiency (search for similar items in EconPapers)
JEL-codes: D61 Q01 Q24 (search for similar items in EconPapers)
Date: 2016-07
New Economics Papers: this item is included in nep-ene and nep-reg
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