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| DOI | 10.1016/j.enpol.2020.111993 |
| Effects of coordinating support policy changes on renewable power investor choices in Europe | |
| Melliger M.; Lilliestam J. | |
| 发表日期 | 2021 |
| ISSN | 03014215 |
| 卷号 | 148 |
| 英文摘要 | The economic context for renewable power in Europe is shifting: feed-in tariffs are replaced by auctioned premiums as the main support schemes. As renewables approach competitiveness, political pressure mounts to phase out support, whereas some other actors perceive a need for continued fixed-price support. We investigate how the phase-out of support or the reintroduction of feed-in tariffs would affect investors’ choices for renewables through a conjoint analysis. In particular, we analyse the impact of coordination – the simultaneousness – of policy changes across countries and technologies. We find that investment choices are not strongly affected if policy changes are coordinated and returns unaffected. However, if policy changes are uncoordinated, investments shift to still supported – less mature and costlier – technologies or countries where support remains or is reintroduced. This shift is particularly strong for large investors and could potentially skew the European power mix towards an over-reliance on a single, less mature technology or specific generation region, resulting in a more expensive power system. If European countries want to change their renewable power support policies, and especially if they phase out support and expose renewables to market competition, it is important that they coordinate their actions. © 2020 The Author(s) |
| 关键词 | Adaptive conjoint analysisChoice experimentInvestment decisionPolicy changePolicy coordinationRenewable energy |
| 英文关键词 | Energy policy; Conjoint analysis; European Countries; Large investors; Market competition; Policy changes; Political pressures; Renewable Power; Support policy; Competition; alternative energy; competition (economics); competitiveness; investment; policy analysis; policy reform; power generation; Europe |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205257 |
| 作者单位 | Institute for Advanced Sustainability Studies (IASS), Potsdam, Germany; University of Potsdam, Germany |
| 推荐引用方式 GB/T 7714 | Melliger M.,Lilliestam J.. Effects of coordinating support policy changes on renewable power investor choices in Europe[J],2021,148. |
| APA | Melliger M.,&Lilliestam J..(2021).Effects of coordinating support policy changes on renewable power investor choices in Europe.Energy Policy,148. |
| MLA | Melliger M.,et al."Effects of coordinating support policy changes on renewable power investor choices in Europe".Energy Policy 148(2021). |
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