XML FeedsWind power in the Danish liberalised power market—Policy measures, price impact and investor incentives
By CostBenefit on Sep 22, 2008 | In Energy, Europe, Companies,CSR,Business,Finance, Academic Study/Journal Article, Regulatory Analysis, Costs and Benefits | Send feedback »
Link: http://dx.doi.org/10.1016/j.enpol.2008.07.024
Abstract: Wind power has a strong position at the Danish electricity market, mainly caused by high feed-in tariffs in the 1990s. Investments in new wind-power installations on land, however, have declined dramatically after the Danish electricity market was liberalised in 1999. First, the paper describes how policy measures directed towards wind power have been redesigned to match the liberalised market. Then, Jesper Munksgaard and Poul Erik Morthorst estimate the impact of the redesigned tariffs on the electricity prices. Finally, the authors assess whether the new tariffs make an incentive to invest in wind power. The paper concludes that the new tariffs not by itself make evidence for the actual Danish recession in new wind-power installations after the electricity reform. The main causes could include a combination of problems in spatial planning, high risk aversion of new wind turbine investors and perhaps more favourable support schemes in other countries.
Keywords: Wind power; Electricity reform; Policy measures
by Jesper Munksgaard 1 and Poul Erik Morthorst 2
1. Econ Pöyry, Nansensgade 19, 6., DK-1366 Copenhagen K, Denmark
2. Risoe National Laboratory, P.O. Box 49, DK-4000 Roskilde, Denmark
Energy Policy via Elsevier Science Direct www.ScienceDirect c.om
Volume 36, Issue 10, October 2008, Pages 3940-3947
http://dx.doi.org/10.1016/j.enpol.2008.07.024
