DO DYNAMIC TARIFFS PROMOTE INVESTMENT IN RENEWABLES? THE CASE OF A NON-REGULATED MONOPOLY
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Livro |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://hdl.handle.net/10216/129085 |
Resumo: | We consider a non-regulated monopolist supplier of electricity that may use renewable and/or non-renewable resources to produce electricity. Renewable resources require an ex ante investment and generate an uncertain output with fixed operating costs. Non-renewable resources are perfectly dispatchable and have variable operating costs proportional to output. We find that dynamic tariffs promote investment in renewables in all scenarios except one where output from renewables when weather conditions are favorable is so large that the monopolist prefers to curtail excess energy. Only in that scenario, dynamic tariffs decrease investment in renewables. In any case, dynamic tariffs are welfare-improving in that both the monopolist and consumers become better off. |
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DO DYNAMIC TARIFFS PROMOTE INVESTMENT IN RENEWABLES? THE CASE OF A NON-REGULATED MONOPOLYWe consider a non-regulated monopolist supplier of electricity that may use renewable and/or non-renewable resources to produce electricity. Renewable resources require an ex ante investment and generate an uncertain output with fixed operating costs. Non-renewable resources are perfectly dispatchable and have variable operating costs proportional to output. We find that dynamic tariffs promote investment in renewables in all scenarios except one where output from renewables when weather conditions are favorable is so large that the monopolist prefers to curtail excess energy. Only in that scenario, dynamic tariffs decrease investment in renewables. In any case, dynamic tariffs are welfare-improving in that both the monopolist and consumers become better off.20192019-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/bookapplication/pdfhttps://hdl.handle.net/10216/129085engJoão Correia-da-SilvaSoares, IGonzalez, RFinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-29T14:01:49Zoai:repositorio-aberto.up.pt:10216/129085Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T23:52:55.630539Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
DO DYNAMIC TARIFFS PROMOTE INVESTMENT IN RENEWABLES? THE CASE OF A NON-REGULATED MONOPOLY |
title |
DO DYNAMIC TARIFFS PROMOTE INVESTMENT IN RENEWABLES? THE CASE OF A NON-REGULATED MONOPOLY |
spellingShingle |
DO DYNAMIC TARIFFS PROMOTE INVESTMENT IN RENEWABLES? THE CASE OF A NON-REGULATED MONOPOLY João Correia-da-Silva |
title_short |
DO DYNAMIC TARIFFS PROMOTE INVESTMENT IN RENEWABLES? THE CASE OF A NON-REGULATED MONOPOLY |
title_full |
DO DYNAMIC TARIFFS PROMOTE INVESTMENT IN RENEWABLES? THE CASE OF A NON-REGULATED MONOPOLY |
title_fullStr |
DO DYNAMIC TARIFFS PROMOTE INVESTMENT IN RENEWABLES? THE CASE OF A NON-REGULATED MONOPOLY |
title_full_unstemmed |
DO DYNAMIC TARIFFS PROMOTE INVESTMENT IN RENEWABLES? THE CASE OF A NON-REGULATED MONOPOLY |
title_sort |
DO DYNAMIC TARIFFS PROMOTE INVESTMENT IN RENEWABLES? THE CASE OF A NON-REGULATED MONOPOLY |
author |
João Correia-da-Silva |
author_facet |
João Correia-da-Silva Soares, I Gonzalez, RF |
author_role |
author |
author2 |
Soares, I Gonzalez, RF |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
João Correia-da-Silva Soares, I Gonzalez, RF |
description |
We consider a non-regulated monopolist supplier of electricity that may use renewable and/or non-renewable resources to produce electricity. Renewable resources require an ex ante investment and generate an uncertain output with fixed operating costs. Non-renewable resources are perfectly dispatchable and have variable operating costs proportional to output. We find that dynamic tariffs promote investment in renewables in all scenarios except one where output from renewables when weather conditions are favorable is so large that the monopolist prefers to curtail excess energy. Only in that scenario, dynamic tariffs decrease investment in renewables. In any case, dynamic tariffs are welfare-improving in that both the monopolist and consumers become better off. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019 2019-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/book |
format |
book |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://hdl.handle.net/10216/129085 |
url |
https://hdl.handle.net/10216/129085 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799135849531572225 |