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Assessing the Influence of the Market Structure on the Capacity to Produce Electricity from Renewable Energy Sources in European Countries

Pohl, D.Y. (2016) Assessing the Influence of the Market Structure on the Capacity to Produce Electricity from Renewable Energy Sources in European Countries.

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Abstract:Following findings of previous research and the New Institutional Economics approach introduced by Oliver E. Williamson, it will be argued that the institutional structure of a market influences the degree to which the energy fed in into the grid is produced through renewable energy sources (RES). As the institutional structure is assumed to have insufficient leverage to solely account for the degree of production of RES-Energy, regulatory support schemes such as Feed-in tariffs, premiums and trading schemes are expected to alter the effect of the institutional structure on the degree of RES-energy produced. Based on data about the 28 member states of the EU provided by the OECD and the European Commission the study in the context of the present paper examines whether the structure of electricity markets (economic organization of the market setting) of the Member States of the European Union influences the capacity to produce electricity from renewable energy sources and further whether policy support instruments have a moderating effect on that relation. The presented results of performed correlation- and moderation analyses on the basis of the data available cannot unambiguously be interpreted but provide heuristic perspectives regarding approaches to further investigation.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:70 social sciences in general, 83 economics, 89 political science
Programme:Management Society and Technology BSc (56654)
Link to this item:http://purl.utwente.nl/essays/71020
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