NDLI: Dynamic Interactions of TGC and Electricity Markets to Promote Wind Capacity Investment

Content Provider	IEEE Xplore Digital Library
Author	Hasani-Marzooni, M. Hosseini, S.H.
Copyright Year	2007
Abstract	This paper proposes a time simulation model for long-term wind capacity investment decisions in the presence of electricity market and tradable green certificate (TGC) market. Investment decisions and wind capacity development are fundamentally based on incentives gained from both these markets. In TGC market, the tradable certificates are issued to renewable generation companies for each megawatt-hour of electricity generation. Distribution companies are obligated to support fraction of their electricity consumptions from renewable sources. The dynamics of prices in both markets are simulated in a system dynamics model to trace the dynamics of wind capacity investment. Such a decision model enables both the wind generation investors and the regulators to gain perfect insight into finding possible consequences of different decisions that they should make under different policies and markets conditions particularly in the preliminary design of TGC market. The impacts of regulatory policies, trading strategies of players, and uncertainties in both markets are examined in a case study.
Sponsorship	IEEE Systems Council
Starting Page	46
Ending Page	57
Page Count	12
File Size	3858580
File Format	PDF
ISSN	19328184
Volume Number	6
Issue Number	1
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2012-03-01
Publisher Place	U.S.A.
Access Restriction	One Nation One Subscription (ONOS)
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Electricity Wind power generation Wind speed Investments Electricity supply industry Mathematical model Green products trading strategies Electricity market investment decision system dynamics tradable green certificate (TGC) market
Content Type	Text
Resource Type	Article
Subject	Computer Networks and Communications Control and Systems Engineering Information Systems Electrical and Electronic Engineering Computer Science Applications

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