IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v37y2009i12p5427-5431.html
   My bibliography  Save this article

A method for the correction of the feed-in tariff price for cogeneration based on a comparison between Croatia and EU Member States

Author

Listed:
  • Uran, Vedran
  • Krajcar, Slavko

Abstract

The European Commission has adopted Directive 2004/8/EC on the promotion of cogeneration, which the EU Member States, as well as candidates including Croatia, were obliged to accept. Among other terms and conditions, the Directive requires certain support mechanisms, such as feed-in tariff prices and premiums added to market electricity prices. In this paper, the cost effectiveness of selling electricity at the feed-in tariff prices in the selected EU Member States is compared to selling it on the European electricity market, with or without premiums. The results of this comparison will indicate whether correction of the Croatian feed-in tariff price to a higher value would be justified. The cost effectiveness ratio of a cogeneration unit upgraded with mean reverting and jump diffusion processes is used for comparison. At the end of this paper, a method is suggested for the correction of feed-in tariff prices, with examples of corrected prices for the years 2008 and 2009. Such corrections have been proven to be justified and are compared to the feed-in tariff prices in most of the selected EU Member States.

Suggested Citation

  • Uran, Vedran & Krajcar, Slavko, 2009. "A method for the correction of the feed-in tariff price for cogeneration based on a comparison between Croatia and EU Member States," Energy Policy, Elsevier, vol. 37(12), pages 5427-5431, December.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:12:p:5427-5431
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(09)00587-4
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jiménez-Espadafor Aguilar, Francisco & García, Miguel Torres & Trujillo, Elisa Carvajal & Becerra Villanueva, José Antonio & Florencio Ojeda, Francisco J., 2011. "Prediction of performance, energy savings and increase in profitability of two gas turbine steam generator cogeneration plant, based on experimental data," Energy, Elsevier, vol. 36(2), pages 742-754.
    2. Liou, Hwa Meei, 2015. "Comparing feed-in tariff incentives in Taiwan and Germany," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 1021-1034.
    3. Chung, Mo & Park, Chuhwan & Lee, Sukgyu & Park, Hwa-Choon & Im, Yong-Hoon & Chang, Youngho, 2012. "A decision support assessment of cogeneration plant for a community energy system in Korea," Energy Policy, Elsevier, vol. 47(C), pages 365-383.
    4. Azadian, Farshad & Radzi, M.A.M., 2013. "A general approach toward building integrated photovoltaic systems and its implementation barriers: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 527-538.
    5. Punda, Luka & Capuder, Tomislav & Pandžić, Hrvoje & Delimar, Marko, 2017. "Integration of renewable energy sources in southeast Europe: A review of incentive mechanisms and feasibility of investments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 71(C), pages 77-88.
    6. Radulovic, Dusko & Skok, Srdjan & Kirincic, Vedran, 2012. "Cogeneration – Investment dilemma," Energy, Elsevier, vol. 48(1), pages 177-187.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:37:y:2009:i:12:p:5427-5431. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.