STATE RENEWABLE ENERGY ELECTRICITY POLICY: CURRENT ISSUES, FUTURE DIRECTIONS

Abstract

The success of public energy efficiency policies is determined by the choice of a set of tools, by the rational distribution of functional obligations of policy makers, by the predictability and stability of the chosen course. Each of these components has its own significance and weight. The decisive role should be given to the choice of instruments of influence, depending on specific goals, objectives, organizational and resource potential In the sense of impact, possible public policy instruments should be divided into two groups: instruments that use a market-based mechanism of influence and instruments that rely on the use of administrative capacity. The extensive experience in implementing energy efficiency policies in several countries suggests that both the market-oriented and administrative types of public impact instruments have a simultaneous impact and a positive effect. In our view, market-oriented instruments should still be considered preferable, as primary economic interests are the basis of their stimulating effects. An example of such tools could be tariff regulation, provision of special conditions for access to credit resources, special tax administration procedure, customs duties, etc.