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Title: Analysing the impact of renewable energy regulation on retail electricity prices
Author: Trujillo-Baute, Elisa
Río González, Pablo del
Mir-Artigues, Pere
Keywords: Electricitat
Energies renovables
Renewable energy sources
Issue Date: Mar-2018
Publisher: Elsevier B.V.
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 the increase in 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 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 which is adopted, with price-based support instruments showing a greater effect than quantity-based ones.
Note: Versió postprint del document publicat a:
It is part of: Energy Policy, 2018, vol. 114, num. March, p. 153-164
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ISSN: 0301-4215
Appears in Collections:Articles publicats en revistes (Economia)

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