Russia’s New Capacity-based Renewable Energy Support Scheme : An Analysis of Decree No. 449

On 28 May, 2013, the Government of the Russian Federation adopted decree no. 449 on the mechanism for the promotion of renewable energy (RE) on the wholesale electricity and capacity market. Decree no. 449 integrates support for renewable energy so...

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Main Author:	International Finance Corporation
Format:	Working Paper
Language:	English en_US
Published:	Moscow 2017
Subjects:	renewable energy public investment energy regulation investor rights electricity demand
Online Access:	http://documents.worldbank.org/curated/en/898211480317256904/Russia-s-new-capacity-based-renewable-energy-support-scheme-an-analysis-of-decree-no-449 http://hdl.handle.net/10986/25795

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recordtype	oai_dc
spelling	okr-10986-257952021-04-23T14:04:31Z Russia’s New Capacity-based Renewable Energy Support Scheme : An Analysis of Decree No. 449 International Finance Corporation renewable energy public investment energy regulation investor rights electricity demand On 28 May, 2013, the Government of the Russian Federation adopted decree no. 449 on the mechanism for the promotion of renewable energy (RE) on the wholesale electricity and capacity market. Decree no. 449 integrates support for renewable energy sources for electricity (RES-E) into the capacity market. This is a very different approach to that applied in most of the existing support mechanisms in other countries, where RES-E is promoted on the basis of the electricity output (MWh) rather than the installed capacity (MW or MW per month) of RE installations. Promoting RES-E through the capacity market is a way for the Russian authorities to overcome some of the legal and technical challenges faced by previous support initiatives and, importantly, to control the costs of RE. This approach fits well with the specific regulatory architecture of the Russian wholesale electricity market, which comprises both an energy and capacity segment. This report introduces Russia’s new capacity-based scheme and examines how the Russian authorities have integrated the variability of RE sources into the regulation of capacity supply. This analysis will highlight the risk of legal uncertainty affecting the business case for RE investors under the capacity-based scheme. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications. 2017-01-04T15:30:07Z 2017-01-04T15:30:07Z 2013 Working Paper http://documents.worldbank.org/curated/en/898211480317256904/Russia-s-new-capacity-based-renewable-energy-support-scheme-an-analysis-of-decree-no-449 http://hdl.handle.net/10986/25795 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation Moscow Publications & Research Publications & Research :: Working Paper Europe and Central Asia Russian Federation
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	renewable energy public investment energy regulation investor rights electricity demand
spellingShingle	renewable energy public investment energy regulation investor rights electricity demand International Finance Corporation Russia’s New Capacity-based Renewable Energy Support Scheme : An Analysis of Decree No. 449
geographic_facet	Europe and Central Asia Russian Federation
description	On 28 May, 2013, the Government of the Russian Federation adopted decree no. 449 on the mechanism for the promotion of renewable energy (RE) on the wholesale electricity and capacity market. Decree no. 449 integrates support for renewable energy sources for electricity (RES-E) into the capacity market. This is a very different approach to that applied in most of the existing support mechanisms in other countries, where RES-E is promoted on the basis of the electricity output (MWh) rather than the installed capacity (MW or MW per month) of RE installations. Promoting RES-E through the capacity market is a way for the Russian authorities to overcome some of the legal and technical challenges faced by previous support initiatives and, importantly, to control the costs of RE. This approach fits well with the specific regulatory architecture of the Russian wholesale electricity market, which comprises both an energy and capacity segment. This report introduces Russia’s new capacity-based scheme and examines how the Russian authorities have integrated the variability of RE sources into the regulation of capacity supply. This analysis will highlight the risk of legal uncertainty affecting the business case for RE investors under the capacity-based scheme. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications.
format	Working Paper
author	International Finance Corporation
author_facet	International Finance Corporation
author_sort	International Finance Corporation
title	Russia’s New Capacity-based Renewable Energy Support Scheme : An Analysis of Decree No. 449
title_short	Russia’s New Capacity-based Renewable Energy Support Scheme : An Analysis of Decree No. 449
title_full	Russia’s New Capacity-based Renewable Energy Support Scheme : An Analysis of Decree No. 449
title_fullStr	Russia’s New Capacity-based Renewable Energy Support Scheme : An Analysis of Decree No. 449
title_full_unstemmed	Russia’s New Capacity-based Renewable Energy Support Scheme : An Analysis of Decree No. 449
title_sort	russia’s new capacity-based renewable energy support scheme : an analysis of decree no. 449
publisher	Moscow
publishDate	2017
url	http://documents.worldbank.org/curated/en/898211480317256904/Russia-s-new-capacity-based-renewable-energy-support-scheme-an-analysis-of-decree-no-449 http://hdl.handle.net/10986/25795
_version_	1764460143415656448

Russia’s New Capacity-based Renewable Energy Support Scheme : An Analysis of Decree No. 449

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