Munich Personal RePEc Archive

Provision of renewable energy using green certificates: market power and price limits

Amundsen, Eirik S. and Nese, Gjermund (2002): Provision of renewable energy using green certificates: market power and price limits.

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Abstract

We formulate an analytic equilibrium model for simultaneously functioning electricity market an a market for Green Certificates. The major focus of the paper is the effect of market power in a Green Certificate system. One of the main results is that the certificate system faced with market power basically may collapse into a system of feed in tariffs.

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