Who Should Own a Renewable Technology? Ownership Theory and an Application
Who Should Own a Renewable Technology? Ownership Theory and an Application
复制标题
谁应该拥有可再生技术？
DOI：
10.2139/ssrn.3308844
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发表时间：
2018
期刊：
影响因子：
--
通讯作者：
S. Reynolds
中科院分区：
文献类型：
--
作者：
T. Genc;S. Reynolds
我们调查了拥有一种新的低成本生产技术的市场影响。我们将我们的理论发现与衡量可再生能源渗透到电力市场的影响联系起来，并研究可再生能源的所有权如何改变市场结果（价格、产量、排放）。由于当前的公共政策影响可再生能源所有权，这项研究为政策制定者提供了有用的见解。我们表明，当能源市场存在市场力量时，可再生能源的所有权将很重要。我们将研究结果应用于安大略省电力批发市场，分析不同所有权结构对风电容量扩张的影响。我们表明，消费者在最大公司的所有权下享受到更好的空气质量，但代价是更高的价格。我们发现，市场结构和发电成本函数的形状是解释可再生能源所有权对市场结果影响的关键驱动因素。
We investigate the market implications of ownership of a new low-cost production technology. We relate our theoretical findings to measuring the impact of renewable energy penetration into electricity markets and examine how the ownership of renewable capacity changes market outcomes (prices, outputs, emissions). As the current public policies influence the renewable energy ownership, this research provides useful insights for policy makers. We show that ownership of renewable capacity will matter when there is market power in energy market. We apply our findings to the Ontario wholesale electricity market to analyze the impact of different ownership structures for wind capacity expansions. We show that consumers enjoy better air quality under the largest firm's ownership, but at the expense of higher prices. We find that market structure and the shape of generation cost functions are the key drivers explaining the impact of renewable ownership on market outcomes.