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Environmental regulation in transmission-constrained electricity markets

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Papavasiliou, Anthony [UCL] Chen, Yihsu [Sierra Nevada Research Institute UC Merced, CA] Oren, Shmuel S. [University of California at Berkeley]

We discuss potential competitive effects of regulating carbon emissions in a transmission constrained electricity market. We compare two regulatory instruments, renewable portfolio standards and taxing emissions. We derive general conclusions about impacts on prices and output on a three node network. We find that renewable portfolio standards increase the market power of nonpolluting generators whereas the tax is market-power neutral. We verify our conclusions through simulations.

Document type Communication à un colloque (Conference Paper) – Présentation orale avec comité de sélection
Publication date 2009
Language Anglais
Conference "IEEE Power and Energy Society General Meeting", Calgary, Canada
Peer reviewed yes
Host document "Power & Energy Society General Meeting, 2009. PES '09. IEEE" (ISBN : 978-1-4244-4241-6 )
Publisher IEEE
Publication status Publié
Affiliation UCL - SSH/LIDAM/CORE - Center for operations research and econometrics
Keywords Electricity supply industry ; Industrial engineering ; Power generation ; Wind energy generation ; Costs ; Solar power generation ; Environmental economics ; Portfolios ; Renewable energy resources ; Geothermal power generation
Links
Bibliographic reference Papavasiliou, Anthony ; Chen, Yihsu ; Oren, Shmuel S.. Environmental regulation in transmission-constrained electricity markets.IEEE Power and Energy Society General Meeting (Calgary, Canada). In: Power & Energy Society General Meeting, 2009. PES '09. IEEE, IEEE2009
Permanent URL http://hdl.handle.net/2078.1/189204