NDLI: Emissions trading impact on the power industry with application to the Iberian Electricity Market

Content Provider	IEEE Xplore Digital Library
Author	Sousa, J. Pinto, B. Rosa, N. Mendes, V. Barroso, J.E.
Copyright Year	2005
Description	Author affiliation: ISEL, Lisbon (Sousa, J.)
Abstract	The purpose of this paper is to evaluate not only the impact of $CO_{2}$ emissions trading on the Iberian electricity market (IBELM) power industry, but also the likelihood for the reduction in the electricity sector emissions. A simulator for electricity and carbon markets (SIMEC) was developed for that purpose. Given the system power plants characteristics, demand data and $CO_{2}$ allowance prices, SIMEC computes the electricity market clearing price, power generation by technology, $CO_{2}$ emissions and power industry profits. A rise in electricity prices is expected when $CO_{2}$ constraints are in place with a sharp increase in off-peak hours, when normally coal power plants clear the market. Increases in electricity prices are evaluated for different scenarios of allowance prices. Producers that do not face carbon liabilities or facing less carbon liabilities than the market clearing technology will have a positive effect on profits. Moreover, due to the fact that fuel switching takes place only for higher $CO_{2}$ allowance prices than the EU 2005 emissions trading market prices, a global reduction in the Iberian power industry emissions is not likely to occur.
Starting Page	1
Ending Page	4
File Size	1005942
Page Count	4
File Format	PDF
ISBN	9785932080344
DOI	10.1109/PTC.2005.4524663
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2005-06-27
Publisher Place	Russia
Access Restriction	Subscribed
Rights Holder	Energy Systems Institute
Subject Keyword	Environmental economics Power industry Electricity supply industry Carbon dioxide Protocols Power generation Power generation economics Aggregates Fuel economy Government energy economics Emissions trading electricity markets power prices power sector emissions
Content Type	Text
Resource Type	Article

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