Climate change and the ever-growing increase in energy demand have led modern societies to look for alternative ways of supplying energy including distributed renewable energy (DRE). Owners of small-scale DRE mostly photovoltaic installations the so-called prosumers are expected to play a major role in the transition to low-carbon societies. However it is still difficult for regulators to assess the impact of support mechanisms especially feed-in tariffs and net metering at a residential level. Understanding how these individuals respond to price signals is thus of uttermost importance. Through a regression model this thesis quantifies the effectiveness of these support schemes and evaluates the impact of the electricity price components on the penetration rate of prosumers in Europe.
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