Climate Change Data Portal
| DOI | 10.1016/j.enpol.2021.112218 |
| Designing financeable ancillary services revenue contracts in developing economies: Learnings from the Philippines | |
| Barroco J. | |
| 发表日期 | 2021 |
| ISSN | 03014215 |
| 卷号 | 152 |
| 英文摘要 | Increasing variable renewable energy penetration, climate change, and global uncertainties will make it harder to stabilize and balance power systems. This situation will be especially challenging for developing economies with limited capital and institutional capacity, poor infrastructure, and rapid economic growth. Using the Philippines as a case study for a developing economy, the paper identified chronic underinvestment in the supply of ancillary services that play a crucial role in balancing energy supply with demand and building grid resilience. To diagnose the cause, the paper created a novel dataset with all ancillary services revenue contracts in effect at the end of 2019 and analyzed their key terms and conditions. The paper concludes that these contracts are not conducive to financing due to short durations, low and soft buying commitments, exclusive focus on incumbent versus new entrants, hour and season constraints, and a poorly implemented remuneration methodology. The literature rarely analysis this topic from a financing perspective and at this level of detail. Revenue contracts need to switch to long-term, firm, and technology-specific cost recovery mechanisms with new entrants, to incentivize financing. Storage technologies such as batteries and hydropower should be prioritized, followed by gas turbines. These changes will result in a more secure, resilient, and affordable power system. © 2021 The Author(s) |
| 关键词 | Ancillary servicesDeveloping countryFinanceabilityFinancingFrequency controlInvestment |
| 英文关键词 | Climate change; Depreciation; Finance; Hydroelectric power plants; Renewable energy resources; Ancillary service; Balancing energy; Developing economies; Economic growths; Global uncertainty; Institutional capacities; Storage technology; Variable renewable energies; Economics; alternative energy; capital; data set; developing world; energy storage; finance; investment; literature review; Philippines |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205010 |
| 作者单位 | Asian Institute of Management (AIM), 123 Paseo de Roxas, Makati City, Metro Manila 1260, Philippines |
| 推荐引用方式 GB/T 7714 | Barroco J.. Designing financeable ancillary services revenue contracts in developing economies: Learnings from the Philippines[J],2021,152. |
| APA | Barroco J..(2021).Designing financeable ancillary services revenue contracts in developing economies: Learnings from the Philippines.Energy Policy,152. |
| MLA | Barroco J.."Designing financeable ancillary services revenue contracts in developing economies: Learnings from the Philippines".Energy Policy 152(2021). |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Barroco J.]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Barroco J.]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Barroco J.]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
