Renewable energy: Externality costs as market barriers

Owen, Anthony D.

doi:10.1016/j.enpol.2005.11.017

Cited by 232 publications

(105 citation statements)

References 7 publications

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“…The researchers reached the conclusion that inclusion of external cost in the price of electricity increases the competitiveness of non-fossil generation sources and fossil power plants with emission control. In the work of Owen (2006), the conclusion was that if the estimates of damage costs resulting from fossil fuel electricity generation were internalized into the price of the resulting output of electricity, a number of renewable technologies (specifically wind and some applications of biomass) could be financially competitive with generation from coal plants. The issue of internalizing the external costs of generating electricity has been examined in several cases in the country level, such as in the case of Croatia (Bozicevic Vrhovcak et al, 2005) and Poland (Kudelko, 2006).…”

Section: Power Generation Modelingmentioning

confidence: 99%

Incorporating life cycle external cost in optimization of the electricity generation mix

Rentizelas

Georgakellos

2014

Energy Policy

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The present work aims to examine the strategic decision of future electricity generation mix considering, together with all other factors, the effect of the external cost associated with the available power generation technology options, not only during their operation but also during their whole life-cycle. The analysis has been performed by integrating the Life Cycle Assessment concept into a linear programming model for the yearly decisions on which option should be used to minimise the electricity generation cost. The model has been applied for the case of Greece for the years 2012-2050 and has led to several interesting results. Firstly, most of the new generating capacity should be renewable (mostly biomass and wind), while natural gas is usually the only conventional fuel technology chosen. If externalities are considered, wind energy increases its share and hydro-power replaces significant amounts of biomass-generated energy. Furthermore, a sensitivity analysis has been performed. One of the most important findings is that natural gas increases its contribution when externalities are increased. Summing-up, external cost has been found to be a significant percentage of the total electricity generation cost for some energy sources, therefore significantly changing the ranking order of cost-competitiveness for the energy sources examined.

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Section: Power Generation Modelingmentioning

confidence: 99%

Incorporating life cycle external cost in optimization of the electricity generation mix

Rentizelas

Georgakellos

2014

Energy Policy

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“…Often the result of barriers is to put renewable energy at an economic, regulatory, or institutional disadvantage relative to other forms of energy supply. Many of these barriers could be considered ''market distortions'' that unfairly discriminate against renewable energy, such as poor market acceptance, imperfect capital markets, technology prejudice; while others have the effect of increasing the costs of renewable energy relative to the alternatives, such as subsidies for conventional forms of energy, high initial capital costs, high transactions costs [19][20][21][22][23]. So, renewable energy in its infancy needs policy support and market cultivation to overcome such barriers.…”

Section: Increasingly Energy Demandmentioning

confidence: 99%

Effective policies for renewable energy—the example of China's wind power—lessons for China's photovoltaic power

Wang

2010

Renewable and Sustainable Energy Reviews

204

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“…On the other hand, a reduction of taxes decreases leveled cost of electricity generated by CSP solar technologies [41].…”

Section: Discussionmentioning

confidence: 99%

Solar Tower Power Plants of Molten Salt External Receivers in Algeria: Analysis of Direct Normal Irradiation on Performance

Rouibah

Benazzouz

Kouider³

et al. 2018

Applied Sciences

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Abstract:The increase of solar energy production has become a solution to meet the demand of electricity and reduce the greenhouse effect worldwide. This paper aims to determine the performance and viability of direct normal irradiation of three solar tower power plants in Algeria, to be installed in the highlands and the Sahara (Béchar, El Oued, and Djelfa regions). The performance of the plants was obtained through a system advisor model simulator. It used real data gathered from appropriate meteorological files. A relationship between the solar multiple (SM), power generation, and thermal energy storage (TES) hours was observed. The results showed that the optimal heliostat field corresponds to 1.8 SM and 2 TES hours in Béchar, 1.2 SM and 2 TES hours for El Oued, and 1.5 SM and 4 TES hours for Djelfa. This study shows that there is an interesting relationship between the solar multiple, power generation, and storage capacity.

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Renewable energy: Externality costs as market barriers

Cited by 232 publications

References 7 publications

Incorporating life cycle external cost in optimization of the electricity generation mix

Incorporating life cycle external cost in optimization of the electricity generation mix

Effective policies for renewable energy—the example of China's wind power—lessons for China's photovoltaic power

Solar Tower Power Plants of Molten Salt External Receivers in Algeria: Analysis of Direct Normal Irradiation on Performance

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