The aim of this paper is to analyse the impact of emission trading on power pricing. We mainly refer to the European emission trading scheme (ETS) and are interested in studying the possible correlation between price change and market structure. For this purpose, we carry out a simulating model useful to verify whether (and under which conditions) the impact of the ETS under market power is lower (or higher) than that under perfect competition among generating units.
Modelling power pricing under trading of CO2 emission allowances
BONACINA, MONICA;GULLI', FRANCESCO
2005
Abstract
The aim of this paper is to analyse the impact of emission trading on power pricing. We mainly refer to the European emission trading scheme (ETS) and are interested in studying the possible correlation between price change and market structure. For this purpose, we carry out a simulating model useful to verify whether (and under which conditions) the impact of the ETS under market power is lower (or higher) than that under perfect competition among generating units.File in questo prodotto:
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