Take-or-pay contracts for renewables deployment

被引：19

作者：

Johnston, Angus ^{[1
]}

Kavali, Arnalia ^{[1
]}

Neuhoff, Karsten ^{[1
]}

机构：

[1] Univ Cambridge, Fac Econ, Cambridge CB2 1TN, England

来源：

ENERGY POLICY | 2008年 / 36卷 / 07期

关键词：

renewable support policy; transition; regulatory risk;

D O I：

10.1016/j.enpol.2008.02.017

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Renewables require support policies to deliver the European 20% target. We discuss the requirements for least-cost development and efficient operation and quantify how different schemes (i) allow for the development of a renewable energy technology portfolio; (ii) reduce rent transfers to infra-marginal technologies or better than marginal resource bases and (iii) minimise regulatory risk and thus capital costs for new projects. Long-term take-or-pay contracts minimise regulatory uncertainty, create appropriate incentives for location and operation, allow for efficient system operation and seem compatible with European state aid. We discuss how property rights legislation protects existing renewables investors, and thus can ensure ongoing investment during a transition towards the new scheme. (C) 2008 Elsevier Ltd. All rights reserved.

引用

页码：2481 / 2503

页数：23