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The Impact of Carbon Emission Scheme on Spot Power Market Clearings Result

Published: 31 July 2024 Publication History

Abstract

Global climate and environmental problems are becoming increasingly serious, and countries are accelerating the development of carbon markets to combat climate change. To reduce carbon emissions more effectively, researchers have studied the interrelationship between electricity markets and carbon markets. This article reviews the development of carbon emission scheme system, then constructs a spot power market model considering the cost of carbon emission during generation and analyses the simulation results at different carbon price scenarios. The results demonstrate there's a replacement of lower carbon intensity units for higher carbon intensity units while considering the carbon cost.

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  1. The Impact of Carbon Emission Scheme on Spot Power Market Clearings Result

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    PEAI '24: Proceedings of the 2024 International Conference on Power Electronics and Artificial Intelligence
    January 2024
    969 pages
    ISBN:9798400716638
    DOI:10.1145/3674225
    Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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    Published: 31 July 2024

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