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White certificates — Energy efficiency programs under private information of consumers

Name: White certificates — Energy efficiency programs under private information of consumers
Creator: Franz Wirl
Keywords: 020209 energy, Mechanism design, White certificates, 502034 Regulatory economics, SDG 7 – Bezahlbare und saubere Energie, 02 engineering and technology, mr, bwl, 7. Clean energy, 02020901 Energy policy/Renewable energy commercialization/Renewable energy

descriptionPublicationkeyboard_double_arrow_right Article , Journal 01 May 2015 Austria Publisher:Elsevier BVJournal:Energy Economics, volume 49, pages 507-515 (issn: 0140-9883,

Authors: Franz Wirl;

doi: 10.1016/j.eneco.2015.03.026

White certificates — Energy efficiency programs under private information of consumers

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Abstract

Energy efficiency is an objective of public interventions at least since the Public Utility Regulatory Policy Act of 1978 (PURPA). Recently, conservation has received considerable attention in the United States and in particular in the European Union but this time in order to mitigate global warming. Policy measures include regulations at the technical level and the introduction of white certificates in order to force utilities and firms to invest into conservation in a way similar to the already existing renewable energy quota. This paper derives the optimal mechanism if utilities must deal with white certificates facing consumers holding private information. The optimal mechanism has some theoretically interesting features like restricted participation and a discontinuity.

Country

Austria

Related Organizations

University of Vienna u:cris
Austria
University of Vienna
Austria

Keywords

Mechanism design, White certificates, 502034 Regulatory economics, SDG 7 – Bezahlbare und saubere Energie, mr, bwl, Incentives, 502034 Regulierungsökonomik, SDG 7 - Affordable and Clean Energy, Conservation programs, cat.2

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	13
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%