| Article ID: | iaor20115830 |
| Volume: | 39 |
| Issue: | 7 |
| Start Page Number: | 3945 |
| End Page Number: | 3953 |
| Publication Date: | Jul 2011 |
| Journal: | Energy Policy |
| Authors: | Chao Hung-po |
| Keywords: | economics, simulation |
• Renewable resources present special challenges in regions with limited energy storage capacity. • This paper presents an updated economic model of pricing and investment in restructured electricity market. • A simulation study assesses renewable energy strategy and alternative pricing mechanisms. • The study results inform policy decisions to improve efficient investments in energy technologies.