A master thesis from Aalborg University
The Estonian RES Subsidies Influence on the Market Participants in the Estonian Electricity Market
Author(s)
Term
4. Term
Publication year
2011
Submitted on
2011-01-13
Pages
99 pages
Abstract
Due to coincidence of - the successful Nord Pool Spot market price area opening in Estonia; favorable climate conditions in west coast of Estonia; wind turbine being zero emissions and mature technology, with a short commissioning period after the decision; the high subsidy for the electricity produced from renewable energy sources - an extremely high interest to invest into wind power development in Estonia has arisen. The analysis show the due to higher environmental costs Estonia will become net importing country already in the year 2016 as the conventional power system will not be competitive. By introducing large-scale wind power production, the electricity sector will become more competitive and the dependence from imported energy will decrease significantly. The total social welfare will increase with every MW of installed wind power capacity.
Documents
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