Abstract
Power industry worldwide has been identified as a major source of greenhouse gas emissions. Consequently, many countries have started the implementation of emission trading schemes aimed at reducing greenhouse gas emissions by power stations. The Australian government aims to implement an emission trading schemes from 2010/2011. This scheme will greatly change the market perspective of the Australian National Electricity Market (NEM). A thorough understanding of the potential impact of emission trading is essential for market participants as well as energy market policy makers. In this paper, a targeted study of the NEM is presented to illustrate the impact on generation companies of different design choices regarding the free allocation of permits aspect of the proposed emission trading scheme. A recommendation is proposed to best promote reduction of emissions while minimizing the adverse impact on the electricity system, particularly on the generation companies.
Original language | English |
---|---|
Title of host publication | IEEE Power and Energy Society 2008 General Meeting |
Subtitle of host publication | Conversion and Delivery of Electrical Energy in the 21st Century, PES |
Publisher | IEEE, Institute of Electrical and Electronics Engineers |
Pages | 1-8 |
Number of pages | 8 |
ISBN (Print) | 9781424419067 |
DOIs | |
Publication status | Published - 2008 |
Externally published | Yes |
Event | IEEE Power and Energy Society General Meeting 2008 - Pittsburgh, United States of America Duration: 20 Jul 2008 → 24 Jul 2008 https://ieeexplore.ieee.org/xpl/conhome/4584435/proceeding (Proceedings) |
Conference
Conference | IEEE Power and Energy Society General Meeting 2008 |
---|---|
Abbreviated title | PES-GM 2008 |
Country/Territory | United States of America |
City | Pittsburgh |
Period | 20/07/08 → 24/07/08 |
Internet address |
Keywords
- Emission trading
- Market simulation
- Sustainable development