Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/112790
Title: Analysing the impact of renewable energy regulation on retail electricity prices [WP]
Author: Rio, Pablo del
Mir-Artigues, Pere
Trujillo-Baute, Elisa
Keywords: Electricitat
Energies renovables
Preus
Electricity
Renewable energy sources
Prices
Issue Date: 2016
Publisher: Institut d’Economia de Barcelona
Abstract: Retail electricity prices have substantially increased in the last decade in the European Union (EU) as a result of different regulations, raising the concern of policy makers. The growth in the support costs for electricity from renewable energy sources (RES-E) has often been singled out as a main driver of these prices. The aim of this paper is to analyse the degree of influence of RES-E promotion costs on the evolution of the retail price of electricity in the EU Member States. The analysis is carried out for households as well as for industry, with the help of a panel data econometric model. Our results show that the impact of renewable energy promotion costs on the retail electricity prices is positive and statistically significant, although relatively small. Differences across consumer types can be observed. An increase of 1% in those costs induces an average increase of only 0.023% in industrial retail prices and 0.008% in the residential retail prices. This impact on retail prices is mediated by the type of support scheme being adopted, with price-based support instruments showing a greater effect than quantity-based ones.
Note: Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions
It is part of: IEB Working Paper 2016/19
URI: http://hdl.handle.net/2445/112790
Appears in Collections:IEB (Institut d’Economia de Barcelona) – Working Papers

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