Towards a green energy economy? The EU Energy Union's transition to a low-carbon zero subsidy electricity system – Lessons from the UK's Electricity Market Reform
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Authors
Newbery, David
Publication Date
2016-10-01Journal Title
Applied Energy
ISSN
0306-2619
Volume
179
Pages
1321-1330
Language
English
Type
Article
Metadata
Show full item recordCitation
Newbery, D. (2016). Towards a green energy economy? The EU Energy Union's transition to a low-carbon zero subsidy electricity system – Lessons from the UK's Electricity Market Reform. Applied Energy, 179 1321-1330. https://doi.org/10.1016/j.apenergy.2016.01.046
Abstract
© 2016 Elsevier Ltd The 2015 EU Energy Union Package proposes integrating renewables into the market, just as the UK has moved away from Premium Feed-in Tariffs (FiTs) for renewable electricity supply (RES-E) to something closer to the standard FiT, which, when auctioned, demonstrated a 3% real fall in the weighted average cost of capital (WACC). The UK, which has experimented with nearly all forms of RES-E support, offers the evidence base for designing the Energy Union's RES-E support. Innovation needs a further redesign to deliver adequate funding, best done through country contributions to an EU-wide innovation competition.
Identifiers
External DOI: https://doi.org/10.1016/j.apenergy.2016.01.046
This record's URL: https://www.repository.cam.ac.uk/handle/1810/254260
Rights
Attribution-NonCommercial-NoDerivs 2.0 UK: England & Wales
Licence URL: http://creativecommons.org/licenses/by-nc-nd/2.0/uk/
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