TY - GEN
T1 - Impact of emission compliance program on competitive power market
AU - Liao, Yuan
AU - Feng, Xiaoming
AU - Pan, Jiuping
PY - 2004
Y1 - 2004
N2 - 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.
AB - 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.
KW - Competitive Power Market
KW - Economic Dispatch
KW - Economic Equilibrium
KW - Emission Compliance Analysis
KW - Locational Marginal Price
KW - Power Market Simulation
KW - Security Constrained Unit Commitment
UR - http://www.scopus.com/inward/record.url?scp=8644227067&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=8644227067&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:8644227067
SN - 0780382374
T3 - Proceedings of the 2004 IEEE International Conference on Electric Utility Deregulation, Restructuring and Power Technologies (DRPT2004)
SP - 32
EP - 37
BT - Proceedings of the 2004 IEEE International Conference on Electric Utility Deregulation, Restructuring and Power Technologies (DRPT2004)
T2 - Proceedings of the 2004 IEEE International Conference on Electric Utility Deregulation, Restructuring and Power Technologies (DRPT2004)
Y2 - 5 April 2004 through 8 April 2004
ER -