Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/45667
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dc.contributor.authorSchallenberg-Rodriguez, Julietaen_US
dc.contributor.otherSchallenberg-Rodriguez, Julieta-
dc.date.accessioned2018-11-22T11:38:11Z-
dc.date.available2018-11-22T11:38:11Z-
dc.date.issued2014en_US
dc.identifier.issn0960-1481en_US
dc.identifier.urihttp://hdl.handle.net/10553/45667-
dc.description.abstractThe most widespread support system for renewable-energy-sourced electricity (RES-E) is the feed-in tariff (FIT). FITs can be divided into fixed-FIT and premium systems. The latter type may also include a cap and floor option, turning it into a variable premium system. The cap value (upper limit) aims to avoid windfall profits for the RES-E investor if the electricity price rises quickly, while the floor value (lower limit) ensures minimum revenue, reducing the risk caused by low electricity prices. This paper examines the performance of the variable premium system as established in Spain (hourly-based) and investigates the possibility of alternative novel designs. For this purpose, an analysis was undertaken of the cap & floor system established in Spain based on real market data over a three year period and its performance compared to the fixed premium system (no cap & floor limitations) and two novel cap & floor designs (monthly- and yearly-based). Two other novel alternatives were also considered: daily- and weekly-based. It is shown that the hourly-based cap & floor system did not result in a reduction of the overall RES-E revenue compared to the fixed premium system over the three year period, though revenue was more evenly distributed from year-to-year. The paper concludes that variable premium systems should be based on monthly or yearly cap & floor mechanism as opposed to an hourly one.en_US
dc.languageengen_US
dc.publisher0960-1481-
dc.relation.ispartofRenewable Energyen_US
dc.sourceRenewable Energy[ISSN 0960-1481],v. 68, p. 801-813en_US
dc.subject3306 Ingeniería y tecnología eléctricasen_US
dc.subject3308 Ingeniería y tecnología del medio ambienteen_US
dc.subject.otherRES-E support systemen_US
dc.subject.otherCap & flooren_US
dc.subject.otherVariable premium systemen_US
dc.subject.otherSpainen_US
dc.subject.otherFeed-in tariffen_US
dc.titleRenewable electricity support system: Design of a variable premium system based on the Spanish experienceen_US
dc.typeinfo:eu-repo/semantics/Articlees
dc.typeArticlees
dc.identifier.doi10.1016/j.renene.2014.03.009
dc.identifier.scopus84897063764-
dc.identifier.isi000335706800086-
dcterms.isPartOfRenewable Energy-
dcterms.sourceRenewable Energy[ISSN 0960-1481],v. 68, p. 801-813-
dc.contributor.authorscopusid50162412200-
dc.description.lastpage813-
dc.description.firstpage801-
dc.relation.volume68-
dc.investigacionIngeniería y Arquitecturaen_US
dc.type2Artículoen_US
dc.identifier.wosWOS:000335706800086-
dc.contributor.daisngid4947307-
dc.identifier.investigatorRIDI-3921-2015-
dc.utils.revisionen_US
dc.contributor.wosstandardWOS:Schallenberg-Rodriguez, J
dc.date.coverdateEnero 2014
dc.identifier.ulpgces
dc.description.sjr1,983
dc.description.jcr3,476
dc.description.sjrqQ1
dc.description.jcrqQ1
dc.description.scieSCIE
item.fulltextSin texto completo-
item.grantfulltextnone-
crisitem.author.deptGIR Group for the Research on Renewable Energy Systems-
crisitem.author.deptDepartamento de Ingeniería de Procesos-
crisitem.author.orcid0000-0003-0534-8316-
crisitem.author.parentorgDepartamento de Ingeniería Mecánica-
crisitem.author.fullNameSchallenberg Rodríguez, Julieta Cristina-
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