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This session is part of the Clean Energy Regulators Initiative Webinar Programme.
Theme 9 - Energy Access
Module 4 - Island States
As the cost of renewable energy technologies (RETs) has declined in recent years, many jurisdictions around the world are now faced with a market in which customer-sited generation is cheaper than power from the grid, a transformation that will have significant implications for renewable electricity (RE) development in the years ahead. Rather than paying a cost-based price for RE generation (as under many feed-in tariffs), or allowing onsite generation to be credited at the full retail rate (as under net metering) – two common approaches in mainland markets – island jurisdictions are beginning to introduce new kinds of policies to adapt to a world in which customer-sited RETs can generate power more cost-effectively than centralized supply options. Nowhere is this transformation more apparent than in island grids, where imported diesel and/or heavy fuel oil often result in generation costs above USD $0.50/kWh.
As this innovation advances, island jurisdictions are becoming policy laboratories, showcasing new ways of attempting to balance the solvency of the electricity system (including generation, transmission, and distribution) with the rapid rise of customer-sited generation. In the process, this webinar will examine whether island jurisdictions are indeed pointing the way forward, and if so, what it could mean for the future of renewable electricity policy.
Island States: Renewable Energy Policy Pioneers electricity sound | |
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| Science & Technology | Upload TimePublished on 14 Oct 2014 |
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