Potential impact of emission trading schemes on the Australian National Electricity Market

Zhou, X; Dong, Z; Liebman, A; James, G

Potential impact of emission trading schemes on the Australian National Electricity Market

Zhou, X Dong, Z Liebman, A James, G

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Publication Type:: Conference Proceeding
Citation:: 2008
Issue Date:: 2008-07-01

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	Jamesetal2008IEEEPowerEngineeringSocietyGeneralMeetingPittsburgJuly2008.pdf	Published version	445.69 kB	Adobe PDF	View/Open

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Field	Value	Language
dc.contributor.author	Zhou, X	en_US
dc.contributor.author	Dong, Z	en_US
dc.contributor.author	Liebman, A	en_US
dc.contributor.author	James, G https://orcid.org/0000-0002-1347-0285	en_US
dc.date	2008-07-01	en_US
dc.date.issued	2008-07-01	en_US
dc.identifier.citation	2008	en_US
dc.identifier.uri	http://hdl.handle.net/10453/100241
dc.description.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.	en_US
dc.relation.ispartof	IEEE Power Engineering Society General Meeting, Pittsburg, July 2008	en_US
dc.title	Potential impact of emission trading schemes on the Australian National Electricity Market	en_US
dc.type	Conference Proceeding
utslib.location.activity	Pittsburg	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (Research)
pubs.organisational-group	/University of Technology Sydney/DVC (Research)/Institute For Sustainable Futures
pubs.organisational-group	/University of Technology Sydney/Strength - ISF - Institute for Sustainable Futures
utslib.copyright.status	closed_access
pubs.consider-herdc	false	en_US
pubs.publication-status	Published	en_US
pubs.start-date	2008-07-01	en_US

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.

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http://hdl.handle.net/10453/100241