Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
6767071 | Renewable Energy | 2015 | 7 Pages |
Abstract
Feed-in-tariff (FIT) schemes have been widely employed to promote renewable energy deployment. While FITs may be perceived by consumers as an extra cost, renewable energies cause a noticeable price reduction in wholesale electricity markets. We analyse both effects for the case of the Spanish electricity market during 2010. In particular, we examine the level of FITs that makes savings and extra costs to be similar on an hourly basis. Results are obtained for a wide range of renewable generation scenarios. It is found that FITs with null extra costs for consumers are in the range of 50-80 â¬/MWh. Some of the side-effects of a high penetration of renewable energy in the market are analysed in detail and discussed.
Related Topics
Physical Sciences and Engineering
Energy
Renewable Energy, Sustainability and the Environment
Authors
Cristobal Gallego-Castillo, Marta Victoria,