Australian electricity market power analysis under potential emission trading scheme

Xun Zhou; Z. Y. Dong; Ariel Liebman; Geoff C James

doi:10.1109/PES.2009.5276012

Australian electricity market power analysis under potential emission trading scheme

Xun Zhou, Z. Y. Dong, Ariel Liebman, Geoff C James

Research output: Chapter in Book/Report/Conference proceeding › Conference Paper › Research › peer-review

7 Citations (Scopus)

Abstract

Existence of market power in electricity markets has been revealed by extensive studies, however, the understanding of how environmental policies, e.g. emission trading scheme, impacts on the change of market power of generation companies (GENCOs) is at the inchoate stage. This paper, targeted at the study of Australia National Electricity Market, presents the Cournot market equilibrium model incorporating an emission trading model to study the potential changes of market power due to the introduction of the proposed Australian National Emission Trading Scheme (NETS) and further analyse the sensitivity of market power with increasing carbon price.

Original language	English
Title of host publication	2009 IEEE Power and Energy Society General Meeting, PES '09
DOIs	https://doi.org/10.1109/PES.2009.5276012
Publication status	Published - 2009
Externally published	Yes
Event	IEEE Power and Energy Society General Meeting 2009 - Calgary Telus Convention Centre, Calgary Alberta, Canada Duration: 26 Jul 2009 → 30 Jul 2009

Conference

Conference	IEEE Power and Energy Society General Meeting 2009
Abbreviated title	PES'09
Country	Canada
City	Calgary Alberta
Period	26/07/09 → 30/07/09

Keywords

Emission trading
Market power
Sustainable development

Access to Document

10.1109/PES.2009.5276012

Link to publication in Scopus

Cite this

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title = "Australian electricity market power analysis under potential emission trading scheme",

abstract = "Existence of market power in electricity markets has been revealed by extensive studies, however, the understanding of how environmental policies, e.g. emission trading scheme, impacts on the change of market power of generation companies (GENCOs) is at the inchoate stage. This paper, targeted at the study of Australia National Electricity Market, presents the Cournot market equilibrium model incorporating an emission trading model to study the potential changes of market power due to the introduction of the proposed Australian National Emission Trading Scheme (NETS) and further analyse the sensitivity of market power with increasing carbon price.",

keywords = "Emission trading, Market power, Sustainable development",

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year = "2009",

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language = "English",

isbn = "9781424442416",

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AU - Dong, Z. Y.

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N2 - Existence of market power in electricity markets has been revealed by extensive studies, however, the understanding of how environmental policies, e.g. emission trading scheme, impacts on the change of market power of generation companies (GENCOs) is at the inchoate stage. This paper, targeted at the study of Australia National Electricity Market, presents the Cournot market equilibrium model incorporating an emission trading model to study the potential changes of market power due to the introduction of the proposed Australian National Emission Trading Scheme (NETS) and further analyse the sensitivity of market power with increasing carbon price.

AB - Existence of market power in electricity markets has been revealed by extensive studies, however, the understanding of how environmental policies, e.g. emission trading scheme, impacts on the change of market power of generation companies (GENCOs) is at the inchoate stage. This paper, targeted at the study of Australia National Electricity Market, presents the Cournot market equilibrium model incorporating an emission trading model to study the potential changes of market power due to the introduction of the proposed Australian National Emission Trading Scheme (NETS) and further analyse the sensitivity of market power with increasing carbon price.

KW - Emission trading

KW - Market power

KW - Sustainable development

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T2 - IEEE Power and Energy Society General Meeting 2009

Y2 - 26 July 2009 through 30 July 2009

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