Green agreement in the electricity market: an ex-post evaluation of the 2013 Dutch coal power plants closure agreement

Noviello, Ilaria; Tey, Shaun

Green agreement in the electricity market: an ex-post evaluation of the 2013 Dutch coal power plants closure agreement

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Noviello, I, Tey, S. Green agreement in the electricity market: an ex-post evaluation of the 2013 Dutch coal power plants closure agreement. 2021. handle: http://hdl.handle.net/10230/49206

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Abstract

We undertook an ex-post analysis of a 2013 Agreement in the Netherlands to close five aging coal power plants in 2016 and 2017. First, we evaluate the Authority for Consumers and Markets’ (ACM) assumption that the plant closures would result in an increase of the wholesale electricity price in the Netherlands by undertaking a before-and-after analysis. Second, we examine how the ACM would have quantified the benefit of the plant closures in mid-2018 and considered the effect of using an alternative evaluation technique based on estimating consumers’ willingness to pay for green electricity. Our findings indicate that the ACM evaluation was likely incorrect to oppose the agreement to close the coal power plants.

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Treball fi de màster de: Master's Degree in Specialized Economic Analysis: Competition and Market Regulation. Curs 2020-2021
Director: Miguel Espinosa