Prva stran - WBC-INCO Net
Prva stran - WBC-INCO Net
Prva stran - WBC-INCO Net
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Electricity from renewable sources - a new<br />
opportunity for companies from SEE<br />
Abstract – Modern society is facing rapid electricity demand<br />
growth. Environmental problems are part of almost all serious<br />
discussions regarding electricity. Import dependency of<br />
European countries is rising, too.<br />
One of the solutions is to provide incentives to the use of<br />
electricity produced from renewable sources (RES-E).<br />
Electricity produced from renewables has many well known<br />
advantages. Countries from South Eastern Europe (SEE) have<br />
opportunity to become more active in the green certificate<br />
market. Tradable green certificates and Guarantees of Origin<br />
are well known and are used all over the EU. Tradable green<br />
certificates are commercially based confirmation papers which<br />
are agreed between parties. Guarantees of Origin are part of<br />
EU legislation and they are recognized in all member states.<br />
Index Terms—Tradable green certificates, RECS<br />
certificates, Guarantees of Origin, Renewable sources, South-<br />
Eastern Europe<br />
E<br />
I. INTRODUCTION<br />
NERGY consumption is increasing with the<br />
development of society, despite essential improvement<br />
of technological procedures and efficiency measures. The<br />
development brings us new energy consuming devices<br />
which are accessible to an increasing number of customers.<br />
Increasing of electricity demand requires new production<br />
facilities in the whole system. The biggest negative<br />
influence on environment occurs at the electricity<br />
production side.<br />
Renewable sources (RES) are the best known solution for<br />
electricity production with minimum influence on<br />
environment. European directive on the promotion of<br />
electricity produced from renewable energy sources in the<br />
internal electricity market [1] requires from all member<br />
states to prepare their action plans on promotion of<br />
electricity from RES (RES-E). The directive also brings a<br />
clear definition which energy sources may be treated as<br />
renewable.<br />
In a fully liberalized market electricity from RES is often<br />
uncompetitive, mostly because of high production prices.<br />
Nevertheless, the EU countries are trying to achieve higher<br />
share of electricity produced from RES, as required by the<br />
Electricity from renewable sources – a new opportunity for companies<br />
from SEE<br />
A Špec, Energy Agency of the Republic of Slovenia, Strossmayerjeva<br />
ulica 30, P. O. Box. 1579, 2000 Maribor, Slovenia (e-mail:<br />
andrej.spec@agen-rs.si).<br />
G Škerbinek, Energy Agency of the Republic of Slovenia,<br />
Strossmayerjeva ulica 30, P. O. Box. 1579, 2000 Maribor, Slovenia (e-mail:<br />
gorazd.skerbinek@agen-rs.si).<br />
A. Špec, G. Škerbinek<br />
Directive [1]. To achieve this, they are using different types<br />
of support mechanisms. Well known and used are feed-in<br />
tariffs, tenders, quota obligations and fiscal incentives.<br />
With tradable green certificates (TGCs) and guaranties of<br />
origin (GoOs), producers provide evidences that electricity<br />
was really produced from RES. The addition value of RES-<br />
E due to environmentally friendly production is formed on<br />
the certificate market. Certificate markets are a big<br />
opportunity for countries from South Eastern Europe (SEE),<br />
because they have a large potential for electricity production<br />
from RES.<br />
II. TRADABLE GREEN CERTIFICATES AND GUARANTIES OF<br />
ORIGIN<br />
One of the most interesting tools for stimulating RES-E<br />
are tradable green certificates. A TGC represent an<br />
additional value of electricity due to its production in an<br />
environmentally friendlier way in comparison with the<br />
conventional way of production. This additional value can<br />
be traded in the certificate market.<br />
A. Tradable Green Certificates and Certificate Market<br />
A TGC represents an evidence that electricity was<br />
produced from RES. TGCs by themselves do not represent<br />
incentive for the use of RES-E. They should only be<br />
considered as a tool for achieving a transparent support<br />
system. Some possibilities of their use in supporting RES-E<br />
are given in the next chapter.<br />
The main idea in TGCs is that the added value they<br />
represent is traded in a separate certificate market that is<br />
fully independent from the electricity market. This concept<br />
is shown illustrated in Fig. 1.<br />
Fig. 1. Certificate and electricity market<br />
From the illustration it is evident that electricity and<br />
certificates representing environmental benefits are fully<br />
separated and traded separately. At the end of the supply<br />
chain they should both end up at customers to satisfy their<br />
energy needs (electricity) and environmental requirements<br />
(certificates).<br />
1