The Economics of Renewable Energy Support

Economics of Nuclear and Renewable Electricity Energy

Performance Based Support of Renewable Energy Sources

The rules of a number of electricity markets encourage renewable energy production and demand response through fixed support schemes and socialize the costs of integrating this production trough grid tariffs. These mechanisms are not economically efficient because they do not rely on market-based prices and do not consider the actual costs of achieving reliable system operation. This paper pres...

Renewable energy portfolio standards (RPS) and achieving the optimal mix of renewable energy

Global development in terms of increased attention to environmental protection and the finite nature of fossil resources have accelerated the use of renewable energies. Renewable energy portfolio standard (RPS), is a government policy to promote the use of renewable energy in the energy consumption basket.  The RPS stipulates the minimum amount of renewable energy that each electricity supplier...

Economics of Renewable Natural Resources

Renewable natural resources include those resources useful to human economies that exhibit growth, maintenance, and recovery from exploitation over an economic planning horizon. The economics of such resources has traditionally considered stocks of fish, forests, or freshwater, much like a banker would tally interest on cash deposits. From an economic point of view, the management of biomass, s...

On the Economics of Non-Renewable Resources

This paper presents an overview of the key economic results associated with the use of non-renewable resources. The basic Hotelling model of resource depletion is discussed, followed by several extensions. The fundamental result is that scarcity rent rises at the discount rate, and that at equilibrium, marginal benefits from extraction must equal the marginal economic cost. If marginal extracti...