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in 2018. However, when TGC trading meets CET in the electricity market, what will the electric structure turn to be? Can … equilibrium model of TGC market, CET market and electricity market. Secondly, we analyze the internal connection of these three … markets and relationships between TGC price, electricity price and carbon price. Based on this, we further construct the …
Persistent link: https://www.econbiz.de/10014105637
German electricity sector, for the five years 2006 through 2010. Based on a unit commitment model we estimate that CO2 … emissions from the electricity sector are reduced by 33 to 57 Mtons, or 10% to 16% of what estimated emissions would have been … consistently positive for the German electricity system, at least for these years, and on the order of 0.5% to 1.5% of emissions. …
Persistent link: https://www.econbiz.de/10009717265
Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from … lower electricity prices Even with multiple market failures, emissions pricing remains the single most cost-effective option …
Persistent link: https://www.econbiz.de/10010380638
This paper analyzes the impact of the EU ETS on CO₂ reduction in the German electricity sector. We find an ETS … is advantageous in the German electricity sector when compared to an absolute cap. An ex-post analysis shows that the …
Persistent link: https://www.econbiz.de/10011935996
. Electricity price impact is not visible. The investment cost impact is not significant either, but the effect of the interest rate …/MWh of support in addition to electricity price is needed to observe the connection of new turbines to the grid with a 0 …
Persistent link: https://www.econbiz.de/10010476202
In June 2018, an agreement between key EU institutions - the Commission, the European Parliament, and the European Council - was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a comprehensive assessment of the EU package, with its...
Persistent link: https://www.econbiz.de/10011933893
Electricity generation based on renewable energy (RE) sources such as wind and solar replace the most expensive … generators that often rely on fossil fuels. In response to RE promotion, wholesale electricity prices and carbon emissions are … therefore expected to decrease. In interconnected electricity systems, this so-called merit- order effect stimulates a change in …
Persistent link: https://www.econbiz.de/10012619004
Renewable portfolio standards (RPS) are commonly promoted as a policy tool to reduce emissions associated with fossil generation, while also stimulating development of local renewable resource endowments. We develop a general equilibrium model of an RPS policy that captures key features such as...
Persistent link: https://www.econbiz.de/10012919584
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Persistent link: https://www.econbiz.de/10013349999