Energy and climate policies are usually seen as measures to internalize externalities. However, as a side effect, the introduction of these policies redistributes wealth between consumers and producers, and within these groups. While redistribution is seldom the focus of the academic literature...

LCOE (levelized costs of electricity) are a common metric for comparing power generating technologies. However, there is criticism particularly towards evaluating variable renewables like wind and solar PV (photovoltaics) power based on LCOE because it ignores variability and integration costs....

The integration of wind and solar generators into power systems causes “integration costs” – for grids, balancing services, more flexible operation of thermal plants, and reduced utilization of the capital stock embodied in infrastructure, among other things. This paper proposes a...

With the global expansion of renewable energy (RE) technologies, the provision of optimal RE policy packages becomes an important task. We review pivotal aspects regarding the economics of renewables that are relevant to the design of an optimal RE policy, many of which are to date unresolved....

India, mainly powered by coal, has adopted ambitious renewable energy targets and currently considers a climate neutrality target for 2050. The rapid growth of solar PV power faces challenges due to its variable generation resulting in a decline in its economic value. In this paper, we evaluate...