Seminars & webinars
22 September 2011

Optimal Spatial Pricing and its Impact on Renewable Generation in Great Britain


Where: Milan
Location:

Bocconi University,
via Sarfatti 25,
20136 Milan

***
Video-conference
at FEEM Venice

How to reach: Google map
Event's Timetable:


h. 12.30 Seminar
h. 13.30 Light Lunch

Information:

Seminars Office, seminars@feem.it

Speakers:

Matteo Di Castelnuovo, IEFE - Università Bocconi

Abstract

This project investigates the importance of implementing adequate locational signals and their possible effects on generation technologies and the performance and regulation of the electricity system, with particular reference to renewable energy in the British electricity market. The economic theory for calculating optimal spatial or locational prices for electricity has been known for over twenty years. However, such theory has never been adopted in the design of any European electricity market. Furthermore it has been suggested that there may be a conflict between the implementation of adequate locational signals and the development of renewable energy because the former may lead to higher network charges which may compromise the profitability (and therefore the feasibility) of renewable energy plants. Thus this project investigates how different forms of spatial pricing may affect renewable technologies, with regards to both their investment and operating decisions, and what regulatory or other policy implications this might imply. In particular the focus is on the British case, where it is alleged that the introduction of more efficient spatial pricing might compromise the development of generation technologies located in particular areas, especially on-shore wind farms in the north of the country. Such research contributes to an important area of current policy debate, given the strong targets for growth in renewable as part of climate change policy and growing concern about energy security.

***

This seminar has been jointly organized by FEEM and IEFE, Bocconi University.

Download file
Download PDF file

FEEM Newsletter

Subscribe to stay connected.

Your personal data will be processed by Fondazione Eni Enrico Mattei. – data Controller – with the aim of emailing the FEEM newsletter. The use of Your email address is necessary for the implementation of the newsletter service. You are invited to read the Privacy Policy in order to obtain additional information about the protection of Your rights.

This Website uses technical cookies and cookie analytics, as well as “third party” profiling cookies.
If you close this banner or you decide to continue navigating on this Website, you express consent to the use of cookies. If you need additional information or you wish to express selective choices on the use of cookies, please refer to the   Cookie PolicyI agree