Simultaneous Use of Black, Green, and White Certificates Systems: A Rather Messy Business

Arbeitspapier

We formulate a model with black, green and white certificates markets that function in conjunction with an electricity market. The markets function well in the sense that a common equilibrium solution exist, where all targets are satisfied (e.g. share of green electricity and share of energy saving/ efficiency increase.) The equilibrium solution adapts to changing targets (e.g. harsher target on energy saving), but it is in general impossible to tell whether this will lead to more, less, or unchanged consumption of ”black”, ”green” or ”white” electricity. These, markets give thus a poor guidance for future investments in green and white electricity. In order to get clear cut results, specific assumptions of parameter values and functional forms are needed. An example of this, based on a calibrated model founded on Norwegian data, is provided in the article. Also, gains and losses in terms of consumer’s and producer’s surpluses are calculated.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 5954

Classification and Topics

• Classification: Wirtschaft ; Game Theory and Bargaining Theory: General ; Renewable Resources and Conservation: Government Policy ; Alternative Energy Sources ; Energy: Government Policy
• Subject: renewable energy ; electricity ; Green Certificates ; White Certificates

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Amundsen, Eirik S. ; Bye, Torstein
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/144989
• Last update: 10.03.2025, 11:45 AM CET