Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2015 | 10 | 1 | 34-52

Article title

Factors of impact on the evolution of electricity markets from renewable energy sources: a comparison between Romania and Germany

Title variants

Languages of publication

EN

Abstracts

EN
When talking about the future of Europe we also think about alternative energy sources. It is up to national governments to decide how to encourage investments in this field in order to contribute to the 20-20-20 EU-objective. Until the network delivery cost for electricity produced from renewable sources will be comparable to the cost for energy from traditional sources ("grid parity"), the development of businesses and markets for electricity from renewable sources is going to be driven by support schemes. The state of the grids and the facility of grid-access constitute another two key factors influencing the development of this sector. Last but not least, the question of policy consistency is raised within the business community. Over the past years some support schemes have proved to be more effective than others, and grid conditions have also evolved. Policies supporting the development of renewables also changed at EU-level and at national levels. Based on statistics, scientific literature and the feedback of the business community, this study aims to analyse the development of renewable energy sectors in the European Union by comparing Germany’s and Romania’s experience. Also this study describes the current and expected future market situation in these countries relying on data gained from questionnaires and interviews with specialists in the renewable field.

Publisher

Year

Volume

10

Issue

1

Pages

34-52

Physical description

Dates

published
2015-06-01
online
2015-06-16

Contributors

  • Bucharest University of Economic Studies, Bucharest, Romania
  • Bucharest University of Economic Studies, Bucharest, Romania

References

  • Alagappan L., Orans S. and Woo, C.K. (2011), “What drives renewable energy development?”, Energy Policy, Vol. 39, No. 9, pp. 5099-5104.[WoS][Crossref]
  • Bozsoki I., Zane E.B., Piria R., Frank R. and Bauknecht, D. (2011), Integration of electricity from renewables to the electricity grid and to the electricity market - RES-INTEGRATION, National Raport: Romania, available online at: www.eclareon.eu/sites/default/files/romania_-_res_integration_national_study.pdf (accessed December 12, 2014).
  • Bürer, M.J. and Wüstenhagen, R. (2009), “Which renewable energy policy is a venture capitalist's best friend? Empirical evidence from a survey of international cleantech investors”, Energy Policy, Vol. 37, No. 12, pp. 4997-5006.[Crossref][WoS]
  • Butler, L. and Neuhoff, K. (2004), “Comparison of Feed in Tariff, Quota and Auction Mechanisms to Support Wind Power Development”, CMI/DAE Working paper 70.
  • Cardwell, D. (2014), “Solar and Wind Energy Start to Win on Price vs. Conventional Fuels”, New York Times Energy & Environment, available online at: www.nytimes.com/2014/11/24/business/energy-environment/solar-andwind-energy-start-to-win-on-price-vs-conventional-fuels.html?_r=0 (accessed December 10, 2014)
  • Chinie, A.C. (2014), “Current concerns and trends in the business of renewable energy”, Management Research and Practice, Vol. 6, No. 4, pp. 5-22.
  • Ciubota-Rosie, C., Gavrilescu, M. and Macoveanu, M. (2008), “Biomass - an important renewable source of energy in Romania”, Environmental Engineering and Management Journal, Vol. 7, No. 5, pp. 559-568.
  • Clodniţchi, R. (2014), “The latest developments in the Romanian energy sector: impact assessment and companies’ reaction”, Business Excellence Research 2014 Conference Proceedings, in press.
  • Danuletiu, D., Tamas-Szora, A., Socol, A. and Danuletiu, A. (2013), "Influence of the tradable green certificates on the financing policy of renewable energy companies in Romania” Journal of Environmental Protection and Ecology, Vol. 14, No. 3, pp. 1164-1170.
  • DNV GL - Energy in coop. with Imperial College and NERA Economic Consulting for the European Commission, DG Energy (2014), Integration of Renewable Energy in Europe. Final Report, available online at: ec.europa.eu/energy/renewables/doc/201406_report_renewables_integrati on_europe.pdf (accessed September 7, 2014).
  • Ernst & Young Global Limited (2014), Renewable energy country attractiveness index available online at: www.ey.com/Publication/vwLUAssets/Renewable_Energy_Country_Attractiveness_Index_41_-_June_2014/$FILE/EYRenewable-Energy-Country-Attractiveness-Index-41-June-2014.pdf (accessed September 2, 2014).
  • European Commission (2010), Promotion of the use of energy from renewable sources, available online at: europa.eu/legislation_summaries/energy/ renewable_energy/en0009_en.htm (accessed September 14, 2014).
  • European Commission (2014), The 2020 climate and energy package, available online at: ec.europa.eu/clima/policies/package/index_en.htm (accessed August 7, 2014).
  • Fagiani, R., Barquín, J. and Hakvoort, R. (2013), “Risk-based assessment of the costefficiency and the effectivity of renewable energy support schemes: Certificate markets versus feed-in tariffs”, Energy Policy, Vol. 55, April 2013, pp. 648-661.[WoS]
  • Frankfurt School - UNEP Centre (2014), “Global Trends in Renewable Energy Investment”, available online at: www.unep.org/pdf/Green_energy_2013-Key_findings.pdf.
  • Gerwen R. (2006), “Producerea Distribuită și Regenerabile", available online at: www.sier.ro/Articolul_8_1.pdf (accessed December 3, 2014).
  • Grecu, E. (2014), "New technologies - Between business and environmental protection in Romania”, Environmental Engineering and Management Journal, Vol. 13, No. 8, pp. 1873-1879.
  • Haas, R., Resch,G., Panzer, C., Busch, S., Ragwitz, M. and Held, A. (2010), “Efficiency and effectiveness of promotion systems for electricity generation from renewable energy sources: lessons from EU countries”, Energy, Vol. 36, No. 4, pp. 1-8.
  • Held, A., Haas, R. and Ragwitz, M. (2006), On the success of policy strategies for the promotion of electricity from renewable energy sources in the EU, available online at: eeg.tuwien.ac.at/eeg.tuwien.ac.at_pages/publications/pdf/HAA_ PAP_2006_1.pdf (accessed November 12, 2014).
  • International Energy Agency (2014), Renewable Energy Medium-Term Market Report 2014. Market Analysis and Forecasts to 2020. Executive Summary, available online at: www.iea.org/newsroomandevents/pressreleases/2014/august/name-125080-en.html (accessed August 23, 2014).
  • Kleps, C. and Dascalescu, N. (2010), "Renewable energy resources in Romania between opportunities and constraints", Journal of Environmental Protection and Ecology, Vol. 11, No. 3, pp. 1131-1137.
  • Masini, A. and Menichetti, E. (2012), “The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings”, Energy Policy, Strategic Choices for Renewable Energy Investment, Vol. 40, pp. 28-38.[WoS][Crossref]
  • Marin, G. (2013), “A comparative study on the European renewable energy sources facing globalization”, Management & Marketing. Challenges for the Knowledge Economy, Vol. 8, No. 4, pp. 723-746.
  • Ministerul Economiei, Comerțului și Turismului (2010), Planului Naţional de Alocare pentru Energii Regenerabile, available at: www.minind.ro/pnaer/pnaer_29%20iunie_2010_final_alx.pdf (accessed December 7, 2014).
  • Ministerul Economiei, Comerțului și Turismului (2011), Strategia energetică a României pentru perioada 2007-2020 actualizată pentru perioada 2011-2020, available online at: www.minind.ro/energie/STRATEGIA_energetica_actualizata.pdf (accessed December 7, 2014).
  • Mitchell, C., Bauknecht, D. and Connor, P. (2006), “Effectiveness through risk reduction: a comparison of the renewable obligation in England and Wales and the feed-in system in Germany”, Energy Policy, Vol. 34, pp. 297-305.[Crossref]
  • Morey, M. and Kirsch, L. (2014), “Germany's Renewable Energy Experiment: A Made-to-Order Catastrophe”, The Electricity Journal Vol. 27, No. 5, pp. 6-20.
  • Negro, S.O., Alkemade F. and Hekkert, M.P. (2012), “Why does renewable energy diffuse so slowly? A review of innovation system problems”, Renewable and Sustainable Energy Reviews, Vol. 16, No. 6, pp. 3836-3846.
  • Nichifor, M.A., Clodnițchi, R., Borisov, D. and Tanțău, A.D. (2013). “Correlations among the development of EU economies, energy intensity and renewable energy indicators”, Management & Marketing. Challenges for the Knowledge Society, Vol. 8, Special Issue, pp. 255-267.
  • Official Journal of the European Union, (2004), Support for electricity from renewable energy sources, available online at: eur-lex.europa.eu/legalcontent/ EN/TXT/?qid=1410539736452&uri=URISERV:l24452 (accessed May 4, 2014).
  • Pacesila, M. (2013), “Analysis of the Balkan countries policy on renewable energy sources: the case of Bulgaria, Romania and Greece”, Management Research and Practice, Vol. 5, No. 1, pp. 49-66.
  • Ragwitz, M., Steinhilber, S., Breitschopf, B., Resch, G., Panzer, C. et al. (2012), "REShaping: Shaping an effective and efficient European renewable energy market. Final Report", available online at: www.reshaping-res-policy.eu/downloads/Final%20report%20RE-Shaping_Druck_D23.pdf (accessed August 12, 2014).
  • San Cristobal, J.R. (2011), “Multi-criteria decision-making in the selection of a renewable energy project in Spain: the Vikor method”, Renewable Energy, Vol. 36, No. 2, pp. 498-502. [WoS][Crossref]
  • Schleich, J.and Betz, R. (2005), “Incentives for energy efficiency and innovation in the European Emission Trading System”, Proceedings of the ECEEE 2005 Summer Study - what works and who delivers?.
  • Tanțău, A.D. and Chinie A.C. (2012) "Green clusters as a new business model for central and eastern Europe", 12th International Multidisciplinary Scientific GeoConference and EXPO - Modern Management of Mine Producing, pp. 499-507.
  • Toke, D. and Lauber, V. (2007), “Anglo-Saxon and German approaches to neoliberalism and environmental policy: the case of financing renewable energy”, Geoforum, Vol. 38, No. 4, pp. 677-687.[Crossref]
  • VDE Verband der Elektrotechnik, Elektronik Informationstechnik e.V. (2007), Dezentrale Energieversorgung 2020, available online at: www.vde.com/de/fg/ETG/Pbl/Studien/Documents/MCMS/VDEStudieDezentraleEnergieversorgung2021.pdf (accessed December 10, 2014).
  • Zamfir, A. (2012), “Implementing Regional Renewable Energy Projects through Public-Private Partnerships”, Business Excellence and Management, Vol. 2, No. 3, pp. 77-84.
  • Zane, E.B., Brückmann R., Bauknecht D., Jirous F., Piria R., Trennepohl N., Bracker J., Frank R. and Herling J. (2012), Integration of electricity from renewables to the electricity grid and to the electricity market - RES-INTEGRATION, available online at: www.oeko.de/oekodoc/1378/2012-012-en.pdf (accessed January 5, 2015).

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.doi-10_1515_mmcks-2015-0003
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.