کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1134813 | 956079 | 2012 | 9 صفحه PDF | دانلود رایگان |
We compare the effectiveness and efficiency of cap-and-trade and carbon tax policies in a generation expansion planning framework. The effectiveness refers to a policy’s capability to control the amount of carbon emissions, and the efficiency is measured with respect to seven criteria: average emissions price, actual emissions, renewable energy portfolio, total generation, total profit of Gencos and grid owner, economic welfare, and emissions adjusted economic welfare. Cap-and-trade and four variations of carbon tax policies are integrated in a game-theoretic based generation expansion planning model to assess their impacts on new investment in renewable energy generation capacity. A case study is conducted on a 30-bus test system, and numerical results provide insights on the advantages and disadvantages of these policies.
► We compare the cap-and-trade and carbon tax policies in a generation expansion planning framework.
► We present a bilevel optimization approach to compare all policies using seven efficiency criteria.
► We report numerical results from a case study on an IEEE 30-bus test system.
► Our study reveals the differences, similarities, strengths, and disadvantages of various policies.
Journal: Computers & Industrial Engineering - Volume 63, Issue 3, November 2012, Pages 708–716