Comparison of feed-in tariff, quota and auction mechanisms to support wind power development |
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Authors: | Lucy Butler Karsten Neuhoff |
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Affiliation: | aFaculty of Economics, Cambridge University, Cambridge CB3 9DE, UK |
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Abstract: | A comparison of support schemes for market-based deployment of renewable energy in the UK and Germany shows that the feed-in tariff reduces costs to consumers and results in larger deployment. A survey among project developers suggests two explanations: (1) Site selection presents the biggest obstacle under the feed-in tariff. Uncertain financing of other schemes reduces efforts at initial project stages and planning permits become a major obstacle. (2) Project developers do not compete in price but for good sites under the feed-in tariff. Most importantly, turbine producers and construction services contribute to most of the costs, and face at least equal levels of competition under the feed-in tariff. |
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Keywords: | Renewable deployment Instrument comparison Barriers Level of competition |
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