Influence of emissions trading scheme on market clearing and prices

Research output: Contribution to conferencePaper

11 Citations (Scopus)

Abstract

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.

LanguageEnglish
Pages1-5
Number of pages5
DOIs
Publication statusPublished - Jul 2009
EventIEEE PES General Meeting 2009 -
Duration: 1 Jan 1900 → …

Conference

ConferenceIEEE PES General Meeting 2009
Period1/01/00 → …

Fingerprint

Market clearing
Market price
Emissions trading scheme
Emission allowances
Electricity market
Greenhouse gases
Purchase
Optimal power flow
European Union
CO2 emissions
Generator
Cost function

Keywords

  • banking
  • protocols
  • constraint optimization
  • cost function
  • dynamic scheduling
  • electricity supply industry
  • environmental economics
  • global warming
  • load flow
  • power generation

Cite this

Kockar, I. ; Conejo, A. ; McDonald, J.R. / Influence of emissions trading scheme on market clearing and prices. Paper presented at IEEE PES General Meeting 2009, .5 p.
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Kockar, I, Conejo, A & McDonald, JR 2009, 'Influence of emissions trading scheme on market clearing and prices' Paper presented at IEEE PES General Meeting 2009, 1/01/00, pp. 1-5. https://doi.org/10.1109/PES.2009.5275425

Influence of emissions trading scheme on market clearing and prices. / Kockar, I.; Conejo, A.; McDonald, J.R.

2009. 1-5 Paper presented at IEEE PES General Meeting 2009, .

Research output: Contribution to conferencePaper

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