Impact of emission compliance program on competitive power market

Yuan Liao, Xiaoming Feng, Jiuping Pan

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

3 Scopus citations

Abstract

This paper discusses the impact analysis of enforcing emission compliance program on competitive power market operation using an electricity market simulation program, GridView. Various emission constraints have been imposed by certain environmental acts and programs on electricity generating units. To comply with the required limits, the commitment and dispatch of individual units may need to be adjusted based on the certain parameters, possibly by favoring utilization of low emission rate units. As a result, the effects on system operation conditions and the energy prices could be very drastic and difficult to predict or quantify without the use of a market simulation tool that can make emission compliance an integral part of the market simulation process. This paper discusses the implementation of an iterative emission constraints modeling in a power market simulation program, which leads to an economic equilibrium between various opposing factors. Case studies using the market simulator illustrate the presented approach, and demonstrated the impact of enforcing emission compliance on generation cost, revenue and prices.

Original languageEnglish
Title of host publicationProceedings of the 2004 IEEE International Conference on Electric Utility Deregulation, Restructuring and Power Technologies (DRPT2004)
Pages32-37
Number of pages6
StatePublished - 2004
EventProceedings of the 2004 IEEE International Conference on Electric Utility Deregulation, Restructuring and Power Technologies (DRPT2004) - Hong Kong, China
Duration: Apr 5 2004Apr 8 2004

Publication series

NameProceedings of the 2004 IEEE International Conference on Electric Utility Deregulation, Restructuring and Power Technologies (DRPT2004)
Volume1

Conference

ConferenceProceedings of the 2004 IEEE International Conference on Electric Utility Deregulation, Restructuring and Power Technologies (DRPT2004)
Country/TerritoryChina
CityHong Kong
Period4/5/044/8/04

Keywords

  • Competitive Power Market
  • Economic Dispatch
  • Economic Equilibrium
  • Emission Compliance Analysis
  • Locational Marginal Price
  • Power Market Simulation
  • Security Constrained Unit Commitment

ASJC Scopus subject areas

  • General Engineering

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