Not logged in.

Quick Search - Contribution

Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Promoting renewable electricity generation in imperfect markets: price vs. quantity policies
Organization Unit
Authors
  • Reinhard Madlener
  • Weiyu Gao
  • Ilja Neustadt
  • Peter Zweifel
Language
  • English
Institution University of Zurich
Series Name Working paper series / Socioeconomic Institute
Number No. 809
Date 2008
Abstract Text The search for economically e?cient policy instruments designed to promote the diffusion of renewable energy technologies in liberalized markets has led to the introduction of quota-based tradable ‘green’ certi?cate (TGC) schemes for renewable electricity. However, there is a debate about the pros and cons of TGC, a quantity control policy, compared to guaranteed feed-in tariffs, a price control policy. In this paper we contrast these two alternatives in terms of social welfare, taking into account that electricity markets are not perfectly competitive, and show that the price control policy dominates the quantity control policy in terms of social welfare.
Official URL http://www.econ.uzh.ch/wp.html
PDF File Download from ZORA
Export BibTeX
EP3 XML (ZORA)