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On the Success of Policy Strategies for the Promotion of Electricity from Renewable Energy Sources in the Eu

Author

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  • Anne Held
  • Mario Ragwitz
  • Reinhard Haas

    (Energy Economics Group, Vienna University of Technology, Gusshausstrasse 27-29/373-2, A-1040 Vienna, AUSTRIA)

Abstract

In recent years, a wide range of strategies has been implemented in different EU-countries to increase the share of electricity generation from renewable energy sources. This paper evaluates the success of different regulatory strategies. The most important conclusions of this analysis are: (i) regardless of which strategy is chosen, it is of overriding importance that there should be a clear focus on the exclusive promotion of newly installed plants; (ii) a well-designed (dynamic) feed-in tariff system ensures the fastest deployment of power plants using Renewable Energy Sources at the lowest cost to society; (iii) promotion strategies with low policy risks have lower profit requirements for investors and, hence, cause lower costs to electricity customers.

Suggested Citation

  • Anne Held & Mario Ragwitz & Reinhard Haas, 2006. "On the Success of Policy Strategies for the Promotion of Electricity from Renewable Energy Sources in the Eu," Energy & Environment, , vol. 17(6), pages 849-868, November.
    • Handle: RePEc:sae:engenv:v:17:y:2006:i:6:p:849-868
    DOI: 10.1260/095830506779398849
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    References listed on IDEAS

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