How much do European households pay for green energy?

The price of electricity for European end users typically fell until development of wind and solar energy began, but has increased since then. We estimate the savings in CO2 emissions due to solar and wind energy and calculate what end users pay per tonne CO2, assuming that price increases since the...

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Bibliographic Details
Published in:Energy policy 2019-08, Vol.131, p.235-239
Main Author: Hannesson, Rögnvaldur
Format: Article
Language:English
Subjects:
Alternative energy sources
Carbon dioxide
Carbon dioxide emissions
Clean energy
Electricity
Electricity prices
Electricity pricing
End users
Energy development
Energy policy
European energy policy
Green development
Households
Payments
Prices
Renewable energy
Residential energy
Savings
Social cost of carbon
Solar energy
Solar power
Wind power
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Summary:The price of electricity for European end users typically fell until development of wind and solar energy began, but has increased since then. We estimate the savings in CO2 emissions due to solar and wind energy and calculate what end users pay per tonne CO2, assuming that price increases since the introduction of solar and wind power are due to these types of energy. These payments are in most cases well above even high and unlikely estimates of the cost of carbon and in some cases several times as high. •Price of electricity to end users have increased since EU began to promote solar and wind energy.•European end users are paying a high price for CO2 reductions.•Price of electricity is higher the more electricity is coming from wind and solar sources.
ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2019.05.010