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 | |
| 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
Cite this
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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 proceeding › Conference Paper › Research › peer-review
TY - GEN
T1 - Australian electricity market power analysis under potential emission trading scheme
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
SN - 9781424442416
BT - 2009 IEEE Power and Energy Society General Meeting, PES '09
ER -