The effect of the feed-in-system policy on renewable energy investments: Evidence from the EU countries
The effect of the feed-in-system policy on renewable energy investments: Evidence from the EU countries
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上网电价补贴政策对可再生能源投资的影响：来自欧盟国家的证据
DOI：
10.1016/j.eneco.2020.104998
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发表时间：
2020
期刊：
影响因子：
12.8
通讯作者：
Izidin El Kalak
中科院分区：
文献类型：
--
作者：
Mutaka Alolo;Alcino Azevedo;Izidin El Kalak
考虑到欧盟各国政策和市场条件的异质性，本文研究了1992年至2015年间欧盟（EU）的上网电价政策（FIS）对风能和太阳能光伏能源投资的影响。我们开发了一个FIS补贴绩效指标，该指标区分了上网电价（FIT）和上网电价（FIP），并考虑了这些合同的其他重要方面，如期限、电价、能源现货价格和生产成本，以及市场条件。我们的结论是，仅仅是FIS政策的存在并不一定会增加可再生能源投资，它取决于FIS合同的类型及其特征，并且可能因不同的可再生能源而异。我们的一些发现是文献中的新发现，可能对制定新的公共投资激励措施以促进可再生能源的发展具有重要意义。
We study the effect of the Feed-in-System (FIS) policy on wind and solar photovoltaic energy investments in the European Union (EU), over the time period between 1992 and 2015, considering the heterogeneity of the policies and market conditions across the EU countries. We develop a FIS subsidy performance indicator that distinguishes feed-in-tariff (FIT) from feed-in-premium (FIP) and considers other important aspects of each of these contracts, such as the duration, tariff price, energy spot price and production costs, as well as the market conditions. We conclude that the mere existence of the FIS policy does not necessarily enhance renewable energy investments, it depends on the type of the FIS contract and its features, and may vary across the different sources of renewable energy. Some of our findings are new to the literature and can have important implications in the development of new public investment incentives to promote renewable energy.