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No.40 From FIT to FIP: assessing the impact of feed-in policies on renewable development and spot market in Germany
Yimeng Du*, Teng Ma
*Lecturer, Research Project on Renewable Energy Economics, Kyoto University
This study investigates the effectiveness of feed-in policies in Germany. By adopting the autoregressive distributed lag error correction model, we examine both the short- and long-term impacts of feed-in policies on renewable energy deployment in terms of power generation and approved installation capacity. The estimation results show that the feed- in premium scheme achieved its objective of encouraging the market integration of wind energy, but discouraged and retarded investment in solar power technologies. Additionally, our results confirm that the feed-in tariff mechanism creates greater investment security for solar power projects.
Keywords：Feed-in Premium, Feed-in Tariff, Renewable Energy, Market Integration, Autoregressive Distributed Lag
このDPはApplied Economics Letters誌に掲載されました。
This DP was published in Applied Economics Letters.
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