Evaluation and optimization of feed-in tariffs

Energy Policy

Volumn 49, Issue , 2012, Pages 192-203

  Kim, Kyoung Kuk ^a   Lee, Chi Guhn ^b  

^a Korea Advanced Institute of Science and Technology (KAIST)   (South Korea)

^b UNIVERSITY OF TORONTO   (Canada)

Author keywords

Feed in tariff; Real option; Renewable energy

Indexed keywords

CONSUMER CHOICE; COST MODELING; DESIGN OPTION; DIRECT IMPACT; ELECTRICITY PRICES; ENERGY SUPPLIES; FEED-IN TARIFF; NET PRESENT VALUE; NUMERICAL STUDIES; OPTIMIZATION PROBLEMS; OPTION VALUATION; POLICY GOALS; POLICY MAKERS; POWER GRIDS; PROGRAM PARAMETERS; QUANTITATIVE MODELS; REAL OPTIONS; RENEWABLE ENERGIES; RENEWABLE ENERGY SOURCE;

RENEWABLE ENERGY RESOURCES;

OPTIMIZATION;

ALTERNATIVE ENERGY; ELECTRICITY GENERATION; ENERGY MARKET; MODEL TEST; MODEL VALIDATION; NUMERICAL MODEL; OPTIMIZATION; PARAMETERIZATION; PERFORMANCE ASSESSMENT; QUANTITATIVE ANALYSIS; RENEWABLE RESOURCE; TARIFF STRUCTURE;

EID: 84865598735     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2012.05.070     Document Type: Article

References (21)

1. Barbose G., Wiser R., Bolinger M. Designing PV incentive programs to promote performance: a review of current practice in the US. Renewable & Sustainable Energy Reviews 2008, 12:960-998.
2. Bollen N. Valuing options in regime-switching models. Journal of Derivatives 1998, 6:38-49.
3. Buler L., Neuhoff K. Comparison of feed-in tariff, quota and auction mechanisms to support wind power development. Renewable Energy 2008, 33:1854-1867.
4. Cory, K., Couture, T., Kreycik, C., 2009. Feed-in Tariff Policy: Design, Implementation, and RPS Policy Interactions. Technical Report, National Renewable Energy Laboratory, Colorado, USA, Available at http://www.nrel.gov/docs/fy09osti/45549.pdf.
5. Cory, K., Couture, T., Kreycik, C., Williams, E., 2010. A Policymaker's Guide to Feed-in Tariff Policy Design. Technical Report, National Renewable Energy Laboratory, Colorado, USA, Available at http://www.nrel.gov/docs/fy10osti/44849.pdf.
6. Coutuer T., Gagnon Y. An analysis of feed-in tariff remuneration models: implications for renewable energy investment. Energy Policy 2010, 38:955-965.
7. Deng S.J., Oren S.S. Electricity derivatives and risk management. Energy 2006, 31:940-953.
8. Evans, A., Gamez, M., Croucher, M., James, T., 2011. Market-Based Incentives. Technical Report, Arizona State University, Available at http://azsmart.org/papers/.
9. Huber, C., 2004. Green-X: Deriving Optimal Promotion Strategies for Increasing the Share of RES-E in a Dynamic European Electricity Market. Technical Report, Available at http://www.green-x.at/.
10. Klein, A., Pfluger, B., Held, A., Ragwitz, M., Resch, G., Faber, T., 2008. Evaluation of Different Feed-in Tariff Design Options-Best Practice Paper for the International Feed-In Cooperation, 2nd edition, Technical Report, the Ministry for the Environment, Nature Conservation and Nuclear Safety, Germany, Available at https://financere.nrel.gov/finance/node/1537.
11. Levin Y., McGill J., Nediak M. Price guarantee in dynamic pricing and revenue management. Operations Research 2007, 55:75-97.
12. Marcus B., Anderson C.K. Online low-price guarantee-a real options approach. Operations Research 2006, 54:1041-1050.
13. Mavrotas G., Diakoulak D., Capros P. Combined MCDA-IP approach for project selection in the electricity market. Annals of Operations Research 2003, 120:159-170.
14. Muñoz J.I., Contreras J., Caamaño J., Correia P.F. A decision-making tool for project investments based on real options: the case of wind power generation. Annals of Operations Research 2011, 186:465-490.
15. Murray, D., 2007. Community Solar Energy Initiatives in Toronto: Potential for City Involvement. Working Paper, University of Toronto, Toronto, Canada, Available at http://www.geog.utoronto.ca/graduate/planning/student-work/cip/.
16. Ontario Power Authority, 2009a. microFIT program overview version 1.1, Ontario, Canada, Available at http://microfit.powerauthority.on.ca/.
17. Ontario Power Authority, 2009b. microFIT rules version 1.3, Ontario, Canada, Available at http://microfit.powerauthority.on.ca/.
18. Tamás M.M., Shrestha S.O.B., Zhou H. Feed-in tariff and tradable green certificate in oligopoly. Energy Policy 2010, 38:4040-4047.
19. van Benthem A., Gillingham K., Sweeney J. Learning-by-doing and the optimal solar policy in California. Energy Journal 2008, 29:131-151.
20. Wahab M.I.M., Lee C.-G. Pricing swing options with regime switching. Annals of Operations Research 2011, 185:139-160.
21. Yatchew A., Baziliauskas A. Ontario feed-in-tariff programs. Energy Policy 2011, 39:3885-3893.