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Increased auctioning in the EU ETS and trade in guarantees of origin for renewables: a comparison of the impact on power sector producer rents

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  • Ragwitz, Mario
  • Resch, Gustav
  • Schleich, Joachim

Abstract

The European Commission is currently reviewing two major policy instruments which will pose major economic challenges and opportunities for EU power producers. First, the European Emissions Trading Scheme (EU ETS) is likely to include a high percentage of auctioning. Second, support schemes for electricity from renewable energy sources may involve open private-actor trade of guarantees of origins (GO). This paper provides a first coarse comparison of the impacts of these policy changes on power sector producer rents. The results suggest that the losses in producer rents from increased auctioning in the EU ETS may be offset by additional producer rents from private-actor based GO trade for renewable electricity.

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  • Ragwitz, Mario & Resch, Gustav & Schleich, Joachim, 2007. "Increased auctioning in the EU ETS and trade in guarantees of origin for renewables: a comparison of the impact on power sector producer rents," Working Papers "Sustainability and Innovation" S8/2007, Fraunhofer Institute for Systems and Innovation Research (ISI).
    • Handle: RePEc:zbw:fisisi:s82007
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    Cited by:

    1. Klessmann, Corinna, 2009. "The evolution of flexibility mechanisms for achieving European renewable energy targets 2020--ex-ante evaluation of the principle mechanisms," Energy Policy, Elsevier, vol. 37(11), pages 4966-4979, November.
    2. Mulder, Machiel & Zomer, Sigourney P.E., 2016. "Contribution of green labels in electricity retail markets to fostering renewable energy," Energy Policy, Elsevier, vol. 99(C), pages 100-109.
    3. Fouquet, Doerte & Johansson, Thomas B., 2008. "European renewable energy policy at crossroads--Focus on electricity support mechanisms," Energy Policy, Elsevier, vol. 36(11), pages 4079-4092, November.

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