IDEAS home Printed from https://ideas.repec.org/a/vrs/manmar/v10y2015i1p34-52n3.html
   My bibliography  Save this article

Factors of impact on the evolution of electricity markets from renewable energy sources: a comparison between Romania and Germany

Author

Listed:
  • Clodnițchi Roxana

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Chinie Alexandra Cătălina

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

When talking about the future of Europe we also think about alternative energy sources. It is up to national governments to decide how to encourage investments in this field in order to contribute to the 20-20-20 EU-objective. Until the network delivery cost for electricity produced from renewable sources will be comparable to the cost for energy from traditional sources ("grid parity"), the development of businesses and markets for electricity from renewable sources is going to be driven by support schemes. The state of the grids and the facility of grid-access constitute another two key factors influencing the development of this sector. Last but not least, the question of policy consistency is raised within the business community. Over the past years some support schemes have proved to be more effective than others, and grid conditions have also evolved. Policies supporting the development of renewables also changed at EU-level and at national levels. Based on statistics, scientific literature and the feedback of the business community, this study aims to analyse the development of renewable energy sectors in the European Union by comparing Germany’s and Romania’s experience. Also this study describes the current and expected future market situation in these countries relying on data gained from questionnaires and interviews with specialists in the renewable field.

Suggested Citation

  • Clodnițchi Roxana & Chinie Alexandra Cătălina, 2015. "Factors of impact on the evolution of electricity markets from renewable energy sources: a comparison between Romania and Germany," Management & Marketing, Sciendo, vol. 10(1), pages 34-52, June.
    • Handle: RePEc:vrs:manmar:v:10:y:2015:i:1:p:34-52:n:3
    DOI: 10.1515/mmcks-2015-0003
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/mmcks-2015-0003
    Download Restriction: no
    File URL: https://libkey.io/10.1515/mmcks-2015-0003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Negro, Simona O. & Alkemade, Floortje & Hekkert, Marko P., 2012. "Why does renewable energy diffuse so slowly? A review of innovation system problems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 3836-3846.
    2. Fagiani, Riccardo & Barquín, Julián & Hakvoort, Rudi, 2013. "Risk-based assessment of the cost-efficiency and the effectivity of renewable energy support schemes: Certificate markets versus feed-in tariffs," Energy Policy, Elsevier, vol. 55(C), pages 648-661.
    3. Alexandra Catalina CHINIE, 2014. "Current Concerns And Trends In The Business Of Renewable Energy," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 6(4), pages 5-22, December.
    4. 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.
    5. San Cristóbal, J.R., 2011. "Multi-criteria decision-making in the selection of a renewable energy project in spain: The Vikor method," Renewable Energy, Elsevier, vol. 36(2), pages 498-502.
    6. Masini, Andrea & Menichetti, Emanuela, 2012. "The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings," Energy Policy, Elsevier, vol. 40(C), pages 28-38.
    7. Andreea ZAMFIR, 2012. "Implementing Regional Renewable Energy Projects Through Public-Private Partnerships," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 2(3), pages 77-84, September.
    8. Mitchell, C. & Bauknecht, D. & Connor, P.M., 2006. "Effectiveness through risk reduction: a comparison of the renewable obligation in England and Wales and the feed-in system in Germany," Energy Policy, Elsevier, vol. 34(3), pages 297-305, February.
    9. Alagappan, L. & Orans, R. & Woo, C.K., 2011. "What drives renewable energy development?," Energy Policy, Elsevier, vol. 39(9), pages 5099-5104, September.
    10. Andrea Masini & E. Menichetti, 2012. "The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings," Post-Print hal-00651706, HAL.
    11. Georgiana MARIN, 2013. "A comparative study on the European renewable energy sources facing globalization," Management & Marketing, Economic Publishing House, vol. 8(4), Winter.
    12. Maria Alexandra NICHIFOR & Roxana CLODNIŢCHI & Daniela BORISOV & Adrian Dumitru TANŢĂU, 2013. "Correlations Among The Development Of Eu Economies, Energy Intensity And Renewable Energy Indicators," Management & Marketing, Economic Publishing House, vol. 8(Special-I), pages 255-266, October.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Ştefan Dragoş Cîrstea & Claudia Steluţa Martiş & Andreea Cîrstea & Anca Constantinescu-Dobra & Melinda Timea Fülöp, 2018. "Current Situation and Future Perspectives of the Romanian Renewable Energy," Energies, MDPI, vol. 11(12), pages 1-22, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shrimali, Gireesh & Nelson, David & Goel, Shobhit & Konda, Charith & Kumar, Raj, 2013. "Renewable deployment in India: Financing costs and implications for policy," Energy Policy, Elsevier, vol. 62(C), pages 28-43.
    2. Polzin, Friedemann & Egli, Florian & Steffen, Bjarne & Schmidt, Tobias S., 2019. "How do policies mobilize private finance for renewable energy?—A systematic review with an investor perspective," Applied Energy, Elsevier, vol. 236(C), pages 1249-1268.
    3. Polzin, Friedemann, 2017. "Mobilizing private finance for low-carbon innovation – A systematic review of barriers and solutions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 525-535.
    4. Jenner, Steffen & Groba, Felix & Indvik, Joe, 2013. "Assessing the strength and effectiveness of renewable electricity feed-in tariffs in European Union countries," Energy Policy, Elsevier, vol. 52(C), pages 385-401.
    5. Toka, Agorasti & Iakovou, Eleftherios & Vlachos, Dimitrios & Tsolakis, Naoum & Grigoriadou, Anastasia-Loukia, 2014. "Managing the diffusion of biomass in the residential energy sector: An illustrative real-world case study," Applied Energy, Elsevier, vol. 129(C), pages 56-69.
    6. Nicolini, Marcella & Tavoni, Massimo, 2017. "Are renewable energy subsidies effective? Evidence from Europe," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 412-423.
    7. Lone Werner & Bert Scholtens, 2017. "Firm Type, Feed-in Tariff, and Wind Energy Investment in Germany: An Investigation of Decision Making Factors of Energy Producers Regarding Investing in Wind Energy Capacity," Journal of Industrial Ecology, Yale University, vol. 21(2), pages 402-411, April.
    8. Lüthi, Sonja & Wüstenhagen, Rolf, 2012. "The price of policy risk — Empirical insights from choice experiments with European photovoltaic project developers," Energy Economics, Elsevier, vol. 34(4), pages 1001-1011.
    9. Modhurima Dey Amin & Syed Badruddoza & Jill J. McCluskey, 2021. "Does conventional energy pricing induce innovation in renewable energy? New evidence from a nonlinear approach," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 659-679, June.
    10. del Río, Pablo & Bleda, Mercedes, 2012. "Comparing the innovation effects of support schemes for renewable electricity technologies: A function of innovation approach," Energy Policy, Elsevier, vol. 50(C), pages 272-282.
    11. Ozorhon, Beliz & Batmaz, Arda & Caglayan, Semih, 2018. "Generating a framework to facilitate decision making in renewable energy investments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 95(C), pages 217-226.
    12. Anna Kowalska-Pyzalska, 2018. "An Empirical Analysis of Green Electricity Adoption Among Residential Consumers in Poland," Sustainability, MDPI, vol. 10(7), pages 1-17, July.
    13. Angelopoulos, Dimitrios & Doukas, Haris & Psarras, John & Stamtsis, Giorgos, 2017. "Risk-based analysis and policy implications for renewable energy investments in Greece," Energy Policy, Elsevier, vol. 105(C), pages 512-523.
    14. Anna Kowalska-Pyzalska, 2018. "An empirical analysis of green energy adoption among residential consumers in Poland," HSC Research Reports HSC/18/01, Hugo Steinhaus Center, Wroclaw University of Science and Technology.
    15. Grashof, Katherina, 2019. "Are auctions likely to deter community wind projects? And would this be problematic?," Energy Policy, Elsevier, vol. 125(C), pages 20-32.
    16. Niesten, Eva & Jolink, Albert & Chappin, Maryse, 2018. "Investments in the Dutch onshore wind energy industry: A review of investor profiles and the impact of renewable energy subsidies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2519-2525.
    17. Egli, Florian, 2020. "Renewable energy investment risk: An investigation of changes over time and the underlying drivers," Energy Policy, Elsevier, vol. 140(C).
    18. Kowalska-Pyzalska, Anna, 2018. "What makes consumers adopt to innovative energy services in the energy market? A review of incentives and barriers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 3570-3581.
    19. García-Álvarez, María Teresa & Cabeza-García, Laura & Soares, Isabel, 2017. "Analysis of the promotion of onshore wind energy in the EU: Feed-in tariff or renewable portfolio standard?," Renewable Energy, Elsevier, vol. 111(C), pages 256-264.
    20. F.H.J. Polzin & M.W.J.L. Sanders & Florian Täube, 2017. "A diverse and resilient financial system for investments in the energy transition," Working Papers 17-03, Utrecht School of Economics.

    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:vrs:manmar:v:10:y:2015:i:1:p:34-52:n:3. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.