Simulating the Interaction of a Renewable Portfolio Standard with Electricity and Carbon Markets
| Autor: | Frank A. Wolak, Trevor L. Davis, Mark C. Thurber |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
business.industry
Environmental economics Renewable energy Commerce Renewable portfolio standard Management of Technology and Innovation Carbon market Greenhouse gas Economics Electricity market Electricity Business and International Management Feed-in tariff Electricity retailing business Energy (miscellaneous) |
| Zdroj: | The Electricity Journal. 28:51-65 |
| ISSN: | 1040-6190 |
| Popis: | The authors ran a game-based simulation of an electricity market with both an RPS and a cap-and-trade market for greenhouse gas emissions allowances. High renewable energy shares reduced and shifted the output of thermal units and pushed down both electricity and carbon prices. The markets for renewable energy, carbon allowances, and spot and forward electricity interacted in complex ways that are relevant to the behavior of actual markets. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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