The paper proposes a unit commitment problem formulation which models combined pool/bilateral operation as well as effects of emissions constraints and emissions trading mechanisms. In here proposed model, power outputs of generators are, on one hand, bounded by their bilateral contract...

This paper and the presentation will compare emissions trading scheme in the European Union and the recently established Regional Greenhouse Gas Initiative in the US, looking at their similarities and differences, as well as results that are available so far. In addition, the paper investigates...