Simultaneous use of black, green, and white certificate systems

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Simultaneous use of black, green, and white certificate systems. / Amundsen, Eirik S.; Bye, Torstein.

In: Energy Journal, Vol. 39, No. 4, 2018, p. 103-125.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Amundsen, ES & Bye, T 2018, 'Simultaneous use of black, green, and white certificate systems', Energy Journal, vol. 39, no. 4, pp. 103-125. https://doi.org/10.5547/01956574.39.4.eamu

APA

Amundsen, E. S., & Bye, T. (2018). Simultaneous use of black, green, and white certificate systems. Energy Journal, 39(4), 103-125. https://doi.org/10.5547/01956574.39.4.eamu

Vancouver

Amundsen ES, Bye T. Simultaneous use of black, green, and white certificate systems. Energy Journal. 2018;39(4):103-125. https://doi.org/10.5547/01956574.39.4.eamu

Author

Amundsen, Eirik S. ; Bye, Torstein. / Simultaneous use of black, green, and white certificate systems. In: Energy Journal. 2018 ; Vol. 39, No. 4. pp. 103-125.

Bibtex

@article{77f9a61539e54df3a9eacc28817cedfc,
title = "Simultaneous use of black, green, and white certificate systems",
abstract = "We formulate a long run model with black, green and white certificate markets that function in conjunction with an electricity market. The markets function well together in the sense that a common equilibrium solution exists, where all targets are satisfied (e.g., the share of green electricity and share of energy saving/ efficiency increase). The equilibrium solution adapts to changing targets but it is, in general, impossible to tell whether this will lead to more, less, or unchanged consumption of {"}black,{"} {"}green{"} or {"}white{"} electricity. Hence, if the long run target is to expand the capacity of green electricity generation and energy savings to certain given levels, then these markets may not be the best to use. To obtain clear results, specific parameter values and functional forms are needed. An example based on Norwegian data is provided. In addition, gains and losses in terms of consumers' and producers' surpluses are calculated.",
keywords = "renewable energy, electricity, Green Certificates, White Certificates, Oil, Price volatility, Revealed preference, OPEC, Spare capacity",
author = "Amundsen, {Eirik S.} and Torstein Bye",
year = "2018",
doi = "10.5547/01956574.39.4.eamu",
language = "English",
volume = "39",
pages = "103--125",
journal = "Energy Journal",
issn = "0195-6574",
publisher = "International Association for Energy Economics (I A E E)",
number = "4",

}

RIS

TY - JOUR

T1 - Simultaneous use of black, green, and white certificate systems

AU - Amundsen, Eirik S.

AU - Bye, Torstein

PY - 2018

Y1 - 2018

N2 - We formulate a long run model with black, green and white certificate markets that function in conjunction with an electricity market. The markets function well together in the sense that a common equilibrium solution exists, where all targets are satisfied (e.g., the share of green electricity and share of energy saving/ efficiency increase). The equilibrium solution adapts to changing targets but it is, in general, impossible to tell whether this will lead to more, less, or unchanged consumption of "black," "green" or "white" electricity. Hence, if the long run target is to expand the capacity of green electricity generation and energy savings to certain given levels, then these markets may not be the best to use. To obtain clear results, specific parameter values and functional forms are needed. An example based on Norwegian data is provided. In addition, gains and losses in terms of consumers' and producers' surpluses are calculated.

AB - We formulate a long run model with black, green and white certificate markets that function in conjunction with an electricity market. The markets function well together in the sense that a common equilibrium solution exists, where all targets are satisfied (e.g., the share of green electricity and share of energy saving/ efficiency increase). The equilibrium solution adapts to changing targets but it is, in general, impossible to tell whether this will lead to more, less, or unchanged consumption of "black," "green" or "white" electricity. Hence, if the long run target is to expand the capacity of green electricity generation and energy savings to certain given levels, then these markets may not be the best to use. To obtain clear results, specific parameter values and functional forms are needed. An example based on Norwegian data is provided. In addition, gains and losses in terms of consumers' and producers' surpluses are calculated.

KW - renewable energy

KW - electricity

KW - Green Certificates

KW - White Certificates

KW - Oil

KW - Price volatility

KW - Revealed preference

KW - OPEC

KW - Spare capacity

U2 - 10.5547/01956574.39.4.eamu

DO - 10.5547/01956574.39.4.eamu

M3 - Journal article

VL - 39

SP - 103

EP - 125

JO - Energy Journal

JF - Energy Journal

SN - 0195-6574

IS - 4

ER -

ID: 199883155