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Article
Publication date: 14 August 2021

Carlos Francisco Alves and Pedro Diogo Pinto

The ex-post literature, which evaluates the real impact of renewable generation, is scarce. Most studies are simulations and therefore are not based on real data. This study aims…

Abstract

Purpose

The ex-post literature, which evaluates the real impact of renewable generation, is scarce. Most studies are simulations and therefore are not based on real data. This study aims to further this goal using a unique database of the Portuguese spot market, where there are powerful incentives for renewable electricity.

Design/methodology/approach

This paper analyses ex-post the impact of energy produced in special regime on the wholesale hourly spot market prices of Portuguese electricity during the period 2009–2016. This paper uses standard, two stage least squares and generalized method of moments multivariate regressions and other energy econometrics techniques.

Findings

It is found that special regime generation has a negative impact on the wholesale price. This impact is higher than that found in other markets. This paper also concludes that using special regime generation to supply the future growth of demand will decrease wholesale electricity spot prices more intensively than using other technologies.

Originality/value

This paper uses a unique database based on ex-post for the Portuguese spot market. The Portuguese case is particularly interesting, not only because of its strong incentives policy on renewable energy but also because its spot market is interconnected with the Spanish market. This paper contributes to the debate about the sustainability of current renewable electricity support schemes. The decreasing trend in electricity prices, with the introduction of new renewable capacity, can be incompatible with the required payments for non-renewable producers. This paper also shows that even if the price reduction on spot markets is transferred to final consumers, given that it is relatively small (8% spot price which represents 45% of the final price), compared with the cost of incentives (35% of the final price), consumers probably will not be able to support a new investment pipeline with a similar framework.

Article
Publication date: 4 June 2024

Rabee Reffat and Radwa Ezzat

This purpose of this paper is to address the research problem of optimizing photovoltaic (PV) panel placement on building facades to maximize solar energy generation.

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Abstract

Purpose

This purpose of this paper is to address the research problem of optimizing photovoltaic (PV) panel placement on building facades to maximize solar energy generation.

Design/methodology/approach

The study examines the significance of various design configurations and their implications for PV system performance. The research involves analysis of relevant literature and energy simulations. An exemplary case study is conducted in a hot climate zone to quantify the impacts of PV panel placement on energy generation. Various application scenarios are developed, resulting in 28 scenarios for PV on building facades. Energy simulations using Grasshopper Rhino software and Ladybug plugin components are performed.

Findings

The paper identifies key factors influencing PV panel placement and energy generation through qualitative analysis. It introduces an appropriateness matrix as a decision-making framework to evaluate placement options. The study identifies design configurations and external features impacting PV location selection and performs a qualitative classification to determine their impact on energy generation.

Practical implications

The results and decision-making framework enable informed choices based on solar radiation levels, shading conditions, and building requirements. Optimizing PV panel placement enhances solar energy harvesting in buildings, benefiting architects and engineers.

Originality/value

The novel contributions of this paper include practical insights and guidance for strategically placing PV panels on building facades.

Details

Archnet-IJAR: International Journal of Architectural Research, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2631-6862

Keywords

Article
Publication date: 1 March 2015

Luke Fowler

While many states have adopted renewable portfolio standards (RPS), they have employed agencies with very different missions to manage these programs. These organizational…

Abstract

While many states have adopted renewable portfolio standards (RPS), they have employed agencies with very different missions to manage these programs. These organizational differences are important in understanding how agencies are approaching the policy implementation. However, there is little research on the comparative effectiveness of these implementation approaches. This article begins with a background of RPS programs, and presents a typology of RPS implementation agencies. The effectiveness of RPS implementation approaches is tested with a pooled state-level dataset covering 14 years of program adoption and implementation. The results indicate implementation approach is substantively important in explaining policy outcomes and the growth of renewable energy. More specifically, the findings suggest using an economic development approach is the most effective way of producing growth in renewable energy generation.

Details

International Journal of Organization Theory & Behavior, vol. 18 no. 2
Type: Research Article
ISSN: 1093-4537

Article
Publication date: 10 July 2017

Lingcheng Kong, Zhong Li, Ling Liang and Jiaping Xie

When the power generator faces uncertain and independent electricity spot price and renewable energy source supply, two different conditions need to be considered: the…

487

Abstract

Purpose

When the power generator faces uncertain and independent electricity spot price and renewable energy source supply, two different conditions need to be considered: the distributions of renewable energy source electricity and electricity spot price are independent or dependent. The purpose of this paper is to explore the capacity investment strategy under volatile electricity spot price when renewable energy penetration rate is low, taking into account these two conditions.

Design/methodology/approach

The authors design a capacity investment model under dual uncertainties and consider how to optimize the investment capacity in order to maximize profit under two different conditions.

Findings

The authors find that when renewable energy supply fluctuation is unrelated to spot electricity price fluctuation, the renewable energy power profitability is determined by the average cost of spot electricity price and equivalent cost. When renewable energy supply fluctuation is related to spot electricity price fluctuation, the renewable energy power profitability is determined by the market value and the construction and maintenance cost.

Practical implications

Faced with the conflict of the renewable energy supply, the authors need to understand how to plan the generation capacity with intermittent renewable sources. The result helps renewable energy become competitive in the electricity market under loose regulations.

Originality/value

The authors compare two capacity investment strategies that the renewable energy supply fluctuation is related and unrelated to spot electricity price.

Details

Industrial Management & Data Systems, vol. 117 no. 6
Type: Research Article
ISSN: 0263-5577

Keywords

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-83867-294-2

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-78756-780-1

Article
Publication date: 17 March 2022

Jo-Hui Chen and Yun-Chen Cheng

This paper aims to examine the factors influencing renewable energy output.

Abstract

Purpose

This paper aims to examine the factors influencing renewable energy output.

Design/methodology/approach

The panel data model was used to analyze the fixed and random effects.

Findings

The results showed that economic development, environmental-related technology patents, renewable energy consumption and the publication of papers and periodicals contributed to enhancing renewable energy production. Wind power generation’s adjustment speed is faster than that of solar power generation in the renewable energy sector. The use of renewable energy was affected by the weather and related costs.

Originality/value

Many countries choose energy with reasonable prices and stable power generation and use renewable energy as additional backup power.

Details

Studies in Economics and Finance, vol. 40 no. 1
Type: Research Article
ISSN: 1086-7376

Keywords

Article
Publication date: 10 October 2018

Jiaping Xie, Weisi Zhang, Lihong Wei, Yu Xia and Shengyi Zhang

The purpose of this paper is to examine the impact of renewable energy on the power supply chain and to study whether the renewable generator or the power grid that purchases…

Abstract

Purpose

The purpose of this paper is to examine the impact of renewable energy on the power supply chain and to study whether the renewable generator or the power grid that purchases power from the power spot market is better when the actual generation of renewable energy is insufficient. The authors want to compare and analyze the different power supply chain operation modes and discuss the optimal mode selection for renewable energy generator and power grid in different situations.

Design/methodology/approach

This paper studies the grid-led price competition game in the power supply chain, in which the power grid as a leader decides the price of transmission and distribution, and generators determine the power grid price. The renewable energy power generator and the traditional energy power generator conduct a price competition game; on the other hand, the power grid and power generators conduct Stackelberg games. The authors analyze the power supply of single power generator and two power generators, respectively, and research on the situation that the renewable energy cannot be fully recharged when the actual power generation is insufficient.

Findings

The study finds that both renewable and traditional power grid prices decline as price sensitivity coefficient of demand and installed capacity of renewable energy generators increase. Power grid premium decreases as the price sensitivity coefficient of demand increases, but rises as the installed capacity of renewable energy generator increases. When there is a shortage of power, if the installed capacity of renewable energy is relatively small and price sensitivity coefficient of demand is relatively large, the grid purchases the power from power spot market and shares cost with renewable energy generators, leading to higher expected profits of the renewable energy generators. On the contrary, the renewable energy generators prefer to make up power shortage themselves. For the power grid, purchasing the power by the renewable energy generators when there is a power shortage can bring more utility to the power grid when the installed capacity of renewable energy is lower and the demand price sensitivity coefficient is higher. When the installed capacity of renewable energy is high and the price sensitivity coefficient of demand is moderate, or the installed capacity of renewable energy is moderate and the demand price sensitivity coefficient is high, a generator that simultaneously possesses two kinds of energy source will bring more utility to the power grid. If the installed capacity of renewable energy and the demand price sensitivity coefficient both are small or the installed capacity of renewable energy and the price sensitivity coefficient of demand both are large, the power grid prefers to purchase the power by itself when there is a power shortage.

Practical implications

The goal of our paper analysis is to explore the implications of the theoretical model and address the series of research questions regarding the impact of the renewable energy on the power supply chain. The results of this study have key implications for reality. This paper sheds light on the power supply chain operation mode selection, which can potentially be used for the renewable energy generators to choose their operating mode and can also help traditional energy generators and power grid enterprises maximize their utility. This paper also has some references for the government to formulate the corresponding renewable energy development policy.

Originality/value

This paper studies the power operation mode under the uncertainty of supply and demand, and compares the advantages and disadvantages of renewable energy generator that makes up the shortage or the power grid purchases the power from power spot market then shares cost with the renewable energy generator. This paper analyzes the power grid-led coordination problem in a power supply chain, compares and analyzes the price competition game model of single power generator and dual power generators, and compares the different risk preferences of power grid.

Details

Industrial Management & Data Systems, vol. 119 no. 2
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 8 February 2022

Javed Hussain, Amin Karimu, Samuel Salia and Robyn Owen

Energy and environment has gained traction within the field of entrepreneurship literature, but a comprehensive empirical study that examines the relationship between the cost of…

Abstract

Purpose

Energy and environment has gained traction within the field of entrepreneurship literature, but a comprehensive empirical study that examines the relationship between the cost of energy and small- and medium-sized enterprise (SME) innovation is an omission. Therefore, this novel study aims to examine the relationship between the cost of energy and SMEs innovation in Sub-Saharan Africa (SSA) by first examining the differential impact of the various generation sources on the price of electric energy. This research has enabled us to investigate and understand the transmission mechanism of increasing/decreasing electricity price on innovation decisions and activities of SMEs in SSA.

Design/methodology/approach

Using quantitative approach, with the data from the World Bank Enterprise and Innovation Follow-up Surveys, the study utilises a Tobit model to test whether the generation mix (renewable and non-renewable generation sources) increases or decreases electricity prices and examine the impact of the cost of electric energy on SMEs innovation in SSA.

Findings

The findings of this study shows that the cost of electricity affects negatively on SMEs innovation decision and activities of SMEs in SSA. The impact of renewables on the price of electricity has a larger magnitude relative to that of non-renewables. This finding has implications for policy makers promoting renewable energy without a policy design to tackle the unintended price effect of promoting renewable energy.

Originality/value

This is the first study to introduce cost of energy into an innovation model and to empirically examine the role of cost of energy for innovation activities of SMEs in SSA. Further, it examines the sources of generation on electricity price in SSA. The study contributes towards the empirical literature, and the findings also have implication for policy makers regarding the unintended consequences of promoting the transition to low-carbon electricity generation sources on SMEs via the cost of doing business implication.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 28 no. 2
Type: Research Article
ISSN: 1355-2554

Keywords

Case study
Publication date: 22 December 2016

Sidharth Sinha

In the wake of the December 2015 Paris COP21 (Conference of Parties), and India's announced renewable energy commitments, Reliance Power is reviewing its renewable energy…

Abstract

In the wake of the December 2015 Paris COP21 (Conference of Parties), and India's announced renewable energy commitments, Reliance Power is reviewing its renewable energy investments to arrive at a long term strategy for the role of renewable energy in its power generation portfolio and the financing of renewable projects. The case reviews the Indian government's policies to promote renewable energy; the evolution of the renewable energy sector; and Reliance Power's financing of renewable energy investments. The case requires identification of alternative long term strategies and their financing implications. This case serves as an introduction to renewable energy from the perspective of Reliance Power, a large private power generator of the country. These projects also provide a learning opportunity for Reliance Power to deal with fast evolving renewable technologies.

Details

Indian Institute of Management Ahmedabad, vol. no.
Type: Case Study
ISSN: 2633-3260
Published by: Indian Institute of Management Ahmedabad

Keywords

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