Influence of emissions trading scheme on market clearing and prices
Kockar, I. and Conejo, A. and McDonald, J.R. (2009) Influence of emissions trading scheme on market clearing and prices. In: IEEE PES General Meeting 2009, 1900-01-01. (http://dx.doi.org/10.1109/PES.2009.5275425)
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This paper and the presentation will compare emissions trading scheme in the European Union and the recently established Regional Greenhouse Gas Initiative in the US, looking at their similarities and differences, as well as results that are available so far. In addition, the paper investigates effects that emissions constraints may have on market clearing prices in electricity markets. The analysis is based on a two step procedure in which the emissions generation scheduling problem is solved first, and then its solution is used in the dynamic optimal power flow problem that also accounts for emissions constraints though augmented cost function that includes possible purchases or sales of emissions allowances on the market. This formulation allows for investigating how decisions of generators on how to use their CO2 emission allocations over a period of time may affect market outcome and prices.
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Item type: Conference or Workshop Item(Paper) ID code: 14818 Dates: DateEventJuly 2009PublishedSubjects: Technology > Electrical engineering. Electronics Nuclear engineering Department: Faculty of Engineering > Electronic and Electrical Engineering
Professional Services > Corporate Services DirectorateDepositing user: Strathprints Administrator Date deposited: 16 May 2011 12:13 Last modified: 09 Apr 2024 05:20 URI: https://strathprints.strath.ac.uk/id/eprint/14818