气候变化领域集成服务门户(CCPortal): Alberta?s Renewable Electricity Program: Design, results, and lessons learned*

CCPortal

DOI	10.1016/j.enpol.2022.113266
	Alberta?s Renewable Electricity Program: Design, results, and lessons learned*
	Hastings-Simon, Sara; Leach, Andrew; Shaffer, Blake; Weis, Tim
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	171 页码:12
英文摘要	We present a case study and analysis of Alberta's Renewable Electricity Program, one of a suite of policies implemented between 2015 and 2019 to increase the share of renewable generation in the Canadian province's fossil-fuel-dominated electricity system. The program consisted of a series of reverse auctions for contracts-for-differences which provided successful proponents with a project-specific guaranteed price for power generation. We find that the Renewable Electricity Program was successful in three important ways. First, it contracted for new renewable generation at prices in the range of CA$30 to CA$43/MWh (US$23 to US$33/MWh), well below expectations and among the lowest procurement costs globally at the time. These contracts have resulted in gains to the government of CA$75.5 million (US$60 million) to date. Second, the program ushered new entrants into Alberta's power market, including through mandated Indigenous equity participation in one round of auctions. Third, we find that price discovery and the incentive to develop new projects provided by the program spurred privately-financed development. While the program was a success, we argue that its design did not adequately reward high-value generation, which could have become an issue in future auction rounds. We analyse design alternatives that would have improved the program's dynamic efficiency.
英文关键词	Renewable energy; Wind energy; Climate change; Auction; Carbon pricing; Offsets
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000875830900008
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/272093
作者单位	University of Calgary; University of Calgary; University of Alberta; University of Alberta; University of Alberta; University of Alberta
推荐引用方式 GB/T 7714	Hastings-Simon, Sara,Leach, Andrew,Shaffer, Blake,et al. Alberta?s Renewable Electricity Program: Design, results, and lessons learned*[J],2022,171:12.
APA	Hastings-Simon, Sara,Leach, Andrew,Shaffer, Blake,&Weis, Tim.(2022).Alberta?s Renewable Electricity Program: Design, results, and lessons learned*.ENERGY POLICY,171,12.
MLA	Hastings-Simon, Sara,et al."Alberta?s Renewable Electricity Program: Design, results, and lessons learned*".ENERGY POLICY 171(2022):12.