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 proceedingConference PaperResearchpeer-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 languageEnglish
Title of host publication2009 IEEE Power and Energy Society General Meeting, PES '09
DOIs
Publication statusPublished - 2009
Externally publishedYes
EventIEEE Power and Energy Society General Meeting 2009 - Calgary Telus Convention Centre, Calgary Alberta, Canada
Duration: 26 Jul 200930 Jul 2009

Conference

ConferenceIEEE Power and Energy Society General Meeting 2009
Abbreviated titlePES'09
CountryCanada
CityCalgary Alberta
Period26/07/0930/07/09

Keywords

  • Emission trading
  • Market power
  • Sustainable development

Cite this

Zhou, X., Dong, Z. Y., Liebman, A., & James, G. C. (2009). Australian electricity market power analysis under potential emission trading scheme. In 2009 IEEE Power and Energy Society General Meeting, PES '09 [5276012] https://doi.org/10.1109/PES.2009.5276012
Zhou, Xun ; Dong, Z. Y. ; Liebman, Ariel ; James, Geoff C. / Australian electricity market power analysis under potential emission trading scheme. 2009 IEEE Power and Energy Society General Meeting, PES '09. 2009.
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Zhou, X, Dong, ZY, Liebman, A & James, GC 2009, Australian electricity market power analysis under potential emission trading scheme. in 2009 IEEE Power and Energy Society General Meeting, PES '09., 5276012, IEEE Power and Energy Society General Meeting 2009, Calgary Alberta, Canada, 26/07/09. https://doi.org/10.1109/PES.2009.5276012

Australian electricity market power analysis under potential emission trading scheme. / Zhou, Xun; Dong, Z. Y.; Liebman, Ariel; James, Geoff C.

2009 IEEE Power and Energy Society General Meeting, PES '09. 2009. 5276012.

Research output: Chapter in Book/Report/Conference proceedingConference PaperResearchpeer-review

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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.

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Zhou X, Dong ZY, Liebman A, James GC. Australian electricity market power analysis under potential emission trading scheme. In 2009 IEEE Power and Energy Society General Meeting, PES '09. 2009. 5276012 https://doi.org/10.1109/PES.2009.5276012