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

8 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, Canada Duration: 26 Jul 2009 → 30 Jul 2009 https://ieeexplore.ieee.org/xpl/conhome/5230481/proceeding (Proceedings)

Conference

Conference	IEEE Power and Energy Society General Meeting 2009
Abbreviated title	PES-GM 2009
Country/Territory	Canada
City	Calgary
Period	26/07/09 → 30/07/09
Internet address	https://ieeexplore.ieee.org/xpl/conhome/5230481/proceeding (Proceedings)

Keywords

Emission trading
Market power
Sustainable development

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10.1109/PES.2009.5276012

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",

author = "Xun Zhou and Dong, {Z. Y.} and Ariel Liebman and James, {Geoff C}",

year = "2009",

doi = "10.1109/PES.2009.5276012",

language = "English",

isbn = "9781424442416",

booktitle = "2009 IEEE Power and Energy Society General Meeting, PES '09",

note = "IEEE Power and Energy Society General Meeting 2009, PES-GM 2009 ; Conference date: 26-07-2009 Through 30-07-2009",

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AU - Zhou, Xun

AU - Dong, Z. Y.

AU - Liebman, Ariel

AU - James, Geoff C

PY - 2009

Y1 - 2009

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

UR - http://www.scopus.com/inward/record.url?scp=77649329982&partnerID=8YFLogxK

U2 - 10.1109/PES.2009.5276012

DO - 10.1109/PES.2009.5276012

M3 - Conference Paper

AN - SCOPUS:77649329982

SN - 9781424442416

BT - 2009 IEEE Power and Energy Society General Meeting, PES '09

T2 - IEEE Power and Energy Society General Meeting 2009

Y2 - 26 July 2009 through 30 July 2009

ER -

Australian electricity market power analysis under potential emission trading scheme

Abstract

Conference

Keywords

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