Author(s)

F. Becchis

Abstract

Incentivate electricity from renewables: policies and markets in the context of liberalization Franco Becchis Foundation for the Environment, Turin, Italy University of Eastern Piedmont, Italy Abstract The European Directive 96/92, adopted in Italy with the law n. 79/99, introduces a pace toward the liberalization of the electricity sector and opens to competition part of the market long dominated in each of the member states by a single monopolistic firm. The tendency toward liberalization could have relevant effects, especially in the production of renewable electricity by national generators, but also local generators. The European Community stated that at 2010 the energy produced through the use of renewable sources must reach 12% of the whole amount of energy produced. A recent Italian law (DM 11/11/99) introduces a new incentive mechanism for renewable electricity that consists of: 1) the introduction of "green certificates", a freely tradable bond quite

Keywords