Electricity | Article
The public promotion of renewable energies sources in the electricity industry from the transaction costs perspective. The Spanish case
02 February 2011
BY: Yannick Perez, RAMOS-REAL Francisco
Renewable and Sustainable Energy Reviews, 2009, 13, pp. 1058–1066
This paper analyzes the success of wind energy in Spain from 1986 to 2007. Certain special characteristics have emerged in Spain that provide credibility to the feed-in tariff (FIT) device to promote this energy source. To explain this success, the analysis will focus on the intrinsic characteristics of FIT using the concepts of the transaction cost theory (TCE). Nevertheless, in this framework, special attention is placed on the role that specific political and institutional factors have played in providing stability to this instrument. Thanks to an early start and an on-going and generous FIT device, wind energy promotion for electricity has become a political success story in Spain. The main implication of this analysis is that this success is mainly due to the trade-off between stability and flexibility in the use of Spanish FIT.
logo cadmus Read it on Cadmus

LATEST FSR PUBLICATIONS

Other
In the Commission’s Industrial Carbon Management Strategy it acknowledges the importance of CCUs, and that without it the EU will not succeed in its Green deal and Net Zero ambitions. [...]
Other
The Recast Directive opens the single European railway area to competition. Competition is gradually emerging across the EU but there are obvious asymmetries among Member States, in particular in the [...]
Other
As the 2021 EU urban mobility framework states, Europe is one of the most urbanised regions in the world with a huge variety of cities that are important economic and [...]
Working Paper
For decades, environmental degradation has been the focus of public opinion, academia, research centers, and institutions. This attention is motivated by increasing awareness of the severe ecological and socio-economic problems [...]
Other
This policy brief, written in May 2024, provides an overview of the international carbon market landscape and describes the status quo in terms of the degree of its integration and [...]
Working Paper
The general objective of the report is to map – quantitatively and qualitatively – the main existing policy frameworks and strategies for sustainable development (SD) and sustainability transitions (ST) in [...]

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top