We assess the impact of solar penetration in the Italian wholesale electricity market on the market value of solar with respect to gas sources, measured as the ratio between the relative price they respectively earn and the average daily electricity price (value factor). We find that, on...

This paper measures the impact of a series of reforms enacted by a subset of Italian regions from 2009 to 2013 that dramatically simplified the authorization procedure for investment in medium-sized photovoltaic (PV) plants, i.e. plants with an installed capacity of between 20 and 200 kW. We...