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The merit order effect of photovoltaic generation in Slovakia
Koščová, Michaela ; Janda, Karel (advisor) ; Filip, Ondřej (referee)
Photovoltaics in Slovakia have been experiencing a fast development in the last years, benefiting from a large support in various forms - be it generous subsidies and guaranteed feed-in tariff or legal preferential treatment. Due to very low - close to zero marginal costs it may appear that the green energy generated by solar power plants is "free" thus we expect a decrease in the wholesale electricity price. Indeed, in several countries the so- called merit order effect has been proven and the spot price of electricity declines thanks to the generation from the photovoltaics and/or other renewable sources. This thesis evaluates the impact of the solar energy penetration into energy mix on spot prices, seeks evidence of the merit order effect in the Slovak electricity market and quantifies it thanks to publicly available data. The multivariate regression analysis takes into consideration the full years 2011-2016. The merit order effect estimated by an OLS time series model is negative, however, the spot price reduction attributable to the photovoltaics is not sufficient for resulting savings to outweigh the costs of the support scheme borne by end users what implies a consumer loss. Keywords: renewable energy sources, photovoltaics, merit order effect, energy sub sidies, feed-in tariff 1
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Growth opportunities and financing of renewable energy in Germany and Czech Republic
Tyuleubekov, Sabyrzhan ; Janda, Karel (advisor) ; Chytilová, Julie (referee)
According to Directive 2009/28/EC overall share of RES in EU energy consumption must be 20% and 10% in transport consumption. The 2020 target for Germany is 18% and for the Czech Republic is 13%. The major financial supporting schemes in the Czech Republic and Germany include feed-in tariffs and green bonuses. Likewise, we propose some ways to resolve some flaws of RES, such as intermittency character of RES, free-rider problem in case of quota obligations scheme etc. Though European Commission approved the shift from FIT scheme towards auction scheme, we analyse the dependence between FITs and installed capacities of RES. As a result of this analysis we obtained optimum intervals of FITs for some types of RES. Powered by TCPDF (www.tcpdf.org)
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Analýza evropského energetického průmyslu se zaměřením na dopad opatření na snižování CO2 emisí
Sabová, Katarína ; Pošta, Vít (advisor) ; Hnilica, Jiří (referee)
The goal of this diploma thesis was to create a comprehensive overview of the recent devel-opment in the fight against the climate change in European Union and complement it with evidence on how the CO2 reduction measures impacted the energy industry. Firstly, the ener-gy industry of the European Union is introduced with its basic characteristics. Information on the climate change and on actions that have been established so far in order to fight the cli-mate change is also provided. Next, the theoretical knowledge from the environmental eco-nomics is presented together with the various concepts on how to address the issues connected with the externalities. EU ETS and renewable energy subsidies (FiTs) are further analyzed and practical insights on how the measures work are also offered. The practical part contributes with analyses of case studies of Germany and Czech Republic, in which the key success factors of the policies and their impact are assessed.
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Tax aspects of selected corporate
Kotlaba, Drahomír ; Vančurová, Alena (advisor) ; Finardi, Savina (referee)
The subject of my bachelor thesis is tax duties of a company operating a photovoltaic power plant in the Czech Republic. Firstly, relevant taxes which the company is obliged to pay are identified and the basic parameters of these taxes are also described. Furthermore, tax risks resulting from changes of tax legislation in 2010 in respect of corporate tax (cancelation of tax holiday, specific rules for tax depreciation) and an introduction of a solar levy are also specified.
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Politika podpory obnovitelných zdrojů energie
Malý, Jan ; Jílková, Jiřina (advisor) ; Vojáček, Ondřej (referee)
Renewable energy sources support policy employs a great variety of economic tools in order to promote the use of green energy. Following thesis at first offers an overview and economic insight into the most applied ones. Since the majority of the European Union Member States nowadays prefer so-called feed-in tariffs schemes we proceed in-depth analysis of effectiveness of that instrument in electricity sector in four selected European countries Austria, Czech Republic, Germany and Spain. An effectiveness indicator which compares marginal electricity generation potential with additional realizable potential of particular renewable energy sources technology is used for that analysis. The results clearly show that the best practice of feed-in tariff design is pursued in Germany where the special set of tariff design and adjustment measures is applied.
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