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Contracting matters: hedging producers and consumers with a renewable energy pool

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Bibliographic Details
Authors and Corporations: Neuhoff, Karsten (Author), Ballesteros, Fernanda (Author), Kröger, Mats (Author), Richstein, Jörn C. (Author)
Other Authors: Ballesteros, Fernanda [Author] • Kröger, Mats [Author] • Richstein, Jörn C. [Author]
Type of Resource: E-Book
Language: English
published:
Series: Deutsches Institut für Wirtschaftsforschung: Discussion papers ; 2035
Subjects:
Contracts-for-Difference
Renewable Policy
Electricity markets
Financing
PPA
Graue Literatur
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Description
Summary: Renewable energy installations are rapidly gaining market share due to falling technology costs and supportive policies. Meanwhile, the energy price crisis resulting from the Russian-Ukrainian war has shifted the energy policy debate toward the question of how consumers can benefit more from the low and stable generation costs of renewable electricity. Here we suggest a Renewable Pool (“RE-Pool”) under which the government passes the conditions of Contracts-for-Difference on to consumers who thereby benefit from reliably low-cost electricity supply. We assess the effect on financing costs, scale, and system friendliness of wind investments, as well risk hedging for consumers’ volume risks and hedging incentives.
Physical Description: 1 Online-Ressource (circa 29 Seiten); Illustrationen