European electricity and emission market modeling - The design of emission allocation plans and its effects on investment planning

Research output: Contribution to book/conference proceedings/anthology/reportConference contributionContributedpeer-review

Contributors

Abstract

The introduction of emissions trading and the design of allocation plans have far-reaching implications on the development of the power plant mix, the CO2-emissions, and the power plant investments of energy utilities. Especially CO2- and electricity prices as well as the design of the allocation rules get more and more important for investment strategies of energy utilities. For this reason it is necessary to analyse the impacts of the Emission Trading Scheme on the future of power generation and investment decisions in power industry. For this purpose this paper shows some possibilities to analyse the impact of different allocation methods by using optimizing energy system models. Results show that the emission allocation scheme has a significant influence on power generation planning and power plant investments and with this on the evolution of CO2-emission and electricity market.

Details

Original languageEnglish
Title of host publication2008 5th International Conference on the European Electricity Market, EEM
Publication statusPublished - 2008
Peer-reviewedYes

Publication series

SeriesInternational Conference on the European Energy Market, EEM
ISSN2165-4077

Conference

Title5th International Conference on the European Electricity Market
Abbreviated titleEEM 2008
Conference number5
Duration28 - 30 May 2008
CityLisboa
CountryPortugal

External IDs

ORCID /0000-0001-7170-3596/work/142241621

Keywords

Keywords

  • Electricity market modeling, Emission allocation plans, Emission trading, Energy and material flow model, Investment planning