Article ID Journal Published Year Pages File Type
10402111 The Electricity Journal 2015 15 Pages PDF
Abstract
The authors ran a game-based simulation of an electricity market with both an RPS and a cap-and-trade market for greenhouse gas emissions allowances. High renewable energy shares reduced and shifted the output of thermal units and pushed down both electricity and carbon prices. The markets for renewable energy, carbon allowances, and spot and forward electricity interacted in complex ways that are relevant to the behavior of actual markets.
Related Topics
Physical Sciences and Engineering Energy Energy Engineering and Power Technology
Authors
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