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Competitiveness of Renewable Energy Sources on the Liberalized Electricity Market in South Eastern Europe Countries

Author

Listed:
  • Sa a Zikovic

    (Faculty of Economics University of Rijeka, Croatia,)

  • Ivan Grzeta

    (Faculty of Economics University of Rijeka, Croatia.)

Abstract

Although the prices of fossil fuels are at a historically low levels, geopolitics, dependence on fossil fuels, price volatility and environmental issues are among the main reasons behind the continued push for renewable energy sources (RES). We use the levelized cost of electricity to calculate the economic viability of traditional power plants versus RES. The purpose of this paper is to investigate the prices at which the selected power plants produce electricity and to compare it to the wholesale and subsidized electricity price in selected South Eastern Europe (SEE) countries - Slovenia, Croatia, Serbia and Bosnia and Herzegovina. Based on the obtained results we conclude that the RES in SEE are still costly and deviate from the wholesale electricity prices. If SEE countries want to increase the production from renewables, they should be aware that they still cannot operate on the open market without continuous subsidies

Suggested Citation

  • Sa a Zikovic & Ivan Grzeta, 2017. "Competitiveness of Renewable Energy Sources on the Liberalized Electricity Market in South Eastern Europe Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 326-336.
    • Handle: RePEc:eco:journ2:2017-03-40
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    More about this item

    Keywords

    Renewables; Electricity Markets; Competitiveness;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General

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