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How much do European households pay for green energy?

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  • Hannesson, Rögnvaldur

Abstract

The price of electricity for European end users typically fell until development of wind and solar energy began, but has increased since then. We estimate the savings in CO2 emissions due to solar and wind energy and calculate what end users pay per tonne CO2, assuming that price increases since the introduction of solar and wind power are due to these types of energy. These payments are in most cases well above even high and unlikely estimates of the cost of carbon and in some cases several times as high.

Suggested Citation

  • Hannesson, Rögnvaldur, 2019. "How much do European households pay for green energy?," Energy Policy, Elsevier, vol. 131(C), pages 235-239.
    • Handle: RePEc:eee:enepol:v:131:y:2019:i:c:p:235-239
    DOI: 10.1016/j.enpol.2019.05.010
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    References listed on IDEAS

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    Cited by:

    1. Shahin Bayramov & Iurii Prokazov & Sergey Kondrashev & Jan Kowalik, 2021. "Household Electricity Generation as a Way of Energy Independence of States—Social Context of Energy Management," Energies, MDPI, vol. 14(12), pages 1-19, June.
    2. Michaela Makešová & Michaela Valentová, 2021. "The Concept of Multiple Impacts of Renewable Energy Sources: A Critical Review," Energies, MDPI, vol. 14(11), pages 1-21, May.
    3. Nerea Portillo Juan & Vicente Negro Valdecantos & Javier Olalde Rodríguez & Gregorio Iglesias, 2024. "Environmental Policy vs. the Reality of Greenhouse Gas Emissions from Top Emitting Countries," Energies, MDPI, vol. 17(22), pages 1-25, November.

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    More about this item

    Keywords

    Carbon dioxide; Renewable energy; Electricity prices; Social cost of carbon; European energy policy;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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