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

Xun Zhou; Zhao Yang Dong; Ariel Liebman; Geoff James

doi:10.1109/PES.2008.4596567

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

Xun Zhou
, Zhao Yang Dong
, Ariel Liebman
, Geoff James

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

13 Citations (Scopus)

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. © 2008 IEEE.

Original language	English
Title of host publication	IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES
DOIs	https://doi.org/10.1109/PES.2008.4596567
Publication status	Published - 2008
Externally published	Yes
Event	IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES - Pittsburgh, PA, United States Duration: 20 Jul 2008 → 24 Jul 2008

Publication series

Name	IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES

Conference

Conference	IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES
Place	United States
City	Pittsburgh, PA
Period	20/07/08 → 24/07/08

Bibliographical note

Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure
SDG 13 Climate Action
SDG 17 Partnerships for the Goals

Research Keywords

Emission trading
Market simulation
Sustainable development

Access Output

10.1109/PES.2008.4596567

Other Access Options

Check CityUHK Library

Permanent Link

Right click to copy link

Cite this

Zhou, X., Dong, Z. Y., Liebman, A., & James, G. (2008). Potential impact of emission trading schemes on the Australian National Electricity Market. In IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES Article 4596567 (IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES). https://doi.org/10.1109/PES.2008.4596567

Zhou, Xun ; Dong, Zhao Yang ; Liebman, Ariel et al. / Potential impact of emission trading schemes on the Australian National Electricity Market. IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES. 2008. (IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES).

@inproceedings{cbf25b9b1cb6454a8d5497f459694af4,

title = "Potential impact of emission trading schemes on the Australian National Electricity Market",

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. {\textcopyright} 2008 IEEE.",

keywords = "Emission trading, Market simulation, Sustainable development",

author = "Xun Zhou and Dong, \{Zhao Yang\} and Ariel Liebman and Geoff James",

note = "Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].; IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES ; Conference date: 20-07-2008 Through 24-07-2008",

year = "2008",

doi = "10.1109/PES.2008.4596567",

language = "English",

isbn = "9781424419067",

series = "IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES",

booktitle = "IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES",

}

Zhou, X, Dong, ZY, Liebman, A & James, G 2008, Potential impact of emission trading schemes on the Australian National Electricity Market. in IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES., 4596567, IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES, IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES, Pittsburgh, PA, United States, 20/07/08. https://doi.org/10.1109/PES.2008.4596567

Potential impact of emission trading schemes on the Australian National Electricity Market. / Zhou, Xun; Dong, Zhao Yang; Liebman, Ariel et al.
IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES. 2008. 4596567 (IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES).

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

TY - GEN

T1 - Potential impact of emission trading schemes on the Australian National Electricity Market

AU - Zhou, Xun

AU - Dong, Zhao Yang

AU - Liebman, Ariel

AU - James, Geoff

N1 - Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].

PY - 2008

Y1 - 2008

N2 - 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. © 2008 IEEE.

AB - 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. © 2008 IEEE.

KW - Emission trading

KW - Market simulation

KW - Sustainable development

UR - https://www.scopus.com/pages/publications/52349087188

UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-52349087188&origin=recordpage

U2 - 10.1109/PES.2008.4596567

DO - 10.1109/PES.2008.4596567

M3 - RGC 32 - Refereed conference paper (with host publication)

SN - 9781424419067

T3 - IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES

BT - IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES

T2 - IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES

Y2 - 20 July 2008 through 24 July 2008

ER -

Zhou X, Dong ZY, Liebman A, James G. Potential impact of emission trading schemes on the Australian National Electricity Market. In IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES. 2008. 4596567. (IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES). doi: 10.1109/PES.2008.4596567

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

Abstract

Publication series

Conference

Bibliographical note

UN SDGs

Research Keywords

Access Output

Other Access Options

Permanent Link

Other Files and Links

Fingerprint

Cite this