메뉴 건너뛰기




Volumn 88, Issue 11, 2011, Pages 3791-3806

An impact assessment of electricity and emission allowances pricing in optimised expansion planning of power sector portfolios

Author keywords

Electricity prices; Emissions trading; Operational research; Optimisation; Power sector portfolio

Indexed keywords

CARBON DIOXIDE; COMMERCE; COSTS; DEREGULATION; ECONOMICS; INVESTMENTS; OPTIMIZATION;

EID: 79959858086     PISSN: 03062619     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.apenergy.2011.04.054     Document Type: Article
Times cited : (36)

References (62)
  • 1
    • 33745906945 scopus 로고    scopus 로고
    • Analysis of energy service systems in urban areas and their CO2 mitigations and economic impacts
    • Aki H., Oyama T., Tsuji K. Analysis of energy service systems in urban areas and their CO2 mitigations and economic impacts. Appl Energy 2006, 83(10):1076-1088.
    • (2006) Appl Energy , vol.83 , Issue.10 , pp. 1076-1088
    • Aki, H.1    Oyama, T.2    Tsuji, K.3
  • 2
    • 85021037154 scopus 로고    scopus 로고
    • Implications of process energy efficiency improvements for primary energy consumption and CO2 emissions at the national level, Appl Energy 87(9). Special Issue of the IGEC-IV, the 4th International Green Energy Conference (IGEC-IV), Beijing, China, October 20-22, Special Issue of the First International Conference on Applied Energy, ICAE'09, Hong Kong, January 5-7, 2009, September 2010
    • Siitonen S, Tuomaala M, Suominen M, Ahtila P. Implications of process energy efficiency improvements for primary energy consumption and CO2 emissions at the national level, Appl Energy 87(9). Special Issue of the IGEC-IV, the 4th International Green Energy Conference (IGEC-IV), Beijing, China, October 20-22, 2008; Special Issue of the First International Conference on Applied Energy, ICAE'09, Hong Kong, January 5-7, 2009, September 2010. p. 2928-37.
    • (2008) , pp. 2928-2937
    • Siitonen, S.1    Tuomaala, M.2    Suominen, M.3    Ahtila, P.4
  • 3
    • 11744294702 scopus 로고
    • A portfolio approach to fossil fuel procurement in the electric utility industry
    • Bar-Lev D., Katz S. A portfolio approach to fossil fuel procurement in the electric utility industry. J Finance 1976, 31:933-947.
    • (1976) J Finance , vol.31 , pp. 933-947
    • Bar-Lev, D.1    Katz, S.2
  • 4
    • 33746580332 scopus 로고    scopus 로고
    • Portfolio-based electricity generation planning: policy implications for renewables and energy security
    • Awerbuch S. Portfolio-based electricity generation planning: policy implications for renewables and energy security. Mitig Adapt Strat Glob Change 2006, 11:693-710.
    • (2006) Mitig Adapt Strat Glob Change , vol.11 , pp. 693-710
    • Awerbuch, S.1
  • 8
    • 43749088478 scopus 로고    scopus 로고
    • Fuel mix diversification incentives in liberalized electricity markets: a mean-variance portfolio theory approach
    • Roques F.A., Newberry D.M., Nuttall W.J. Fuel mix diversification incentives in liberalized electricity markets: a mean-variance portfolio theory approach. Energy Econ 2008, 30:1831-1849.
    • (2008) Energy Econ , vol.30 , pp. 1831-1849
    • Roques, F.A.1    Newberry, D.M.2    Nuttall, W.J.3
  • 9
    • 56949103280 scopus 로고    scopus 로고
    • Electricity portfolio management: optimal peak/off-peak allocations
    • Huisman R., Mahieu R., Schlichter F. Electricity portfolio management: optimal peak/off-peak allocations. Energy Econ 2009, 31(1):169-174.
    • (2009) Energy Econ , vol.31 , Issue.1 , pp. 169-174
    • Huisman, R.1    Mahieu, R.2    Schlichter, F.3
  • 10
    • 77956516711 scopus 로고    scopus 로고
    • A portfolio risk analysis on electricity supply planning
    • Huang Y., Wu J. A portfolio risk analysis on electricity supply planning. Energy Policy 2009, 37(2):744-761.
    • (2009) Energy Policy , vol.37 , Issue.2 , pp. 744-761
    • Huang, Y.1    Wu, J.2
  • 11
    • 58149129124 scopus 로고    scopus 로고
    • An optimisation methodology for identifying robust process integration investments under uncertainty
    • Svensson E., Berntsson T., Strömberg A.B., Patriksson M. An optimisation methodology for identifying robust process integration investments under uncertainty. Energy Policy 2009, 37(2):680-685.
    • (2009) Energy Policy , vol.37 , Issue.2 , pp. 680-685
    • Svensson, E.1    Berntsson, T.2    Strömberg, A.B.3    Patriksson, M.4
  • 12
    • 58049183677 scopus 로고    scopus 로고
    • Multi-objective environmental/techno-economic approach for strategic bidding in energy markets
    • Vahidinasab V., Jadid S. Multi-objective environmental/techno-economic approach for strategic bidding in energy markets. Appl Energy 2009, 86(4):496-504.
    • (2009) Appl Energy , vol.86 , Issue.4 , pp. 496-504
    • Vahidinasab, V.1    Jadid, S.2
  • 13
    • 34548523703 scopus 로고    scopus 로고
    • Electricity supply industry modelling for multiple objectives under demand growth uncertainty
    • Heinrich G., Howells M., Basson L., Petrie J. Electricity supply industry modelling for multiple objectives under demand growth uncertainty. Energy 2007, 32(11):2210-2229.
    • (2007) Energy , vol.32 , Issue.11 , pp. 2210-2229
    • Heinrich, G.1    Howells, M.2    Basson, L.3    Petrie, J.4
  • 14
    • 34548693654 scopus 로고    scopus 로고
    • Effects of stochastic energy prices on long-term energy-economic scenarios
    • Krey V., Martinsen D., Wagner H.J. Effects of stochastic energy prices on long-term energy-economic scenarios. Energy 2007, 32(12):2340-2349.
    • (2007) Energy , vol.32 , Issue.12 , pp. 2340-2349
    • Krey, V.1    Martinsen, D.2    Wagner, H.J.3
  • 15
    • 54549106594 scopus 로고    scopus 로고
    • ECLIPSE: an integrated energy-economy model for climate policy and scenario analysis
    • Turton H. ECLIPSE: an integrated energy-economy model for climate policy and scenario analysis. Energy 2008, 33(12):1754-1769.
    • (2008) Energy , vol.33 , Issue.12 , pp. 1754-1769
    • Turton, H.1
  • 16
    • 0141671729 scopus 로고    scopus 로고
    • Real options and a large producer: the case of electricity markets
    • Keppo J., Lu H. Real options and a large producer: the case of electricity markets. Energy Econ 2003, 25:459-472.
    • (2003) Energy Econ , vol.25 , pp. 459-472
    • Keppo, J.1    Lu, H.2
  • 17
    • 32044435821 scopus 로고    scopus 로고
    • Emissions trading and investment decisions in the power sector - a case study of Finland
    • Laurikka H., Koljonen T. Emissions trading and investment decisions in the power sector - a case study of Finland. Energy Policy 2006, 34:1063-1074.
    • (2006) Energy Policy , vol.34 , pp. 1063-1074
    • Laurikka, H.1    Koljonen, T.2
  • 18
    • 33750009845 scopus 로고    scopus 로고
    • Option value of gasification technology within an emissions trading scheme
    • Laurikka H. Option value of gasification technology within an emissions trading scheme. Energy Policy 2006, 34(18):3916-3928.
    • (2006) Energy Policy , vol.34 , Issue.18 , pp. 3916-3928
    • Laurikka, H.1
  • 19
    • 12744281256 scopus 로고    scopus 로고
    • Modelling technology adoption as an irreversible investment under uncertainty: the case of the Turkish electricity supply industry
    • Madlener R., Kumbaroglu G., Ediger V. Modelling technology adoption as an irreversible investment under uncertainty: the case of the Turkish electricity supply industry. Energy Econ 2005, 27:39-163.
    • (2005) Energy Econ , vol.27 , pp. 39-163
    • Madlener, R.1    Kumbaroglu, G.2    Ediger, V.3
  • 20
    • 79959838595 scopus 로고    scopus 로고
    • Optimal portfolio selection for generators in the electricity market
    • Power and energy society general meeting - conversion and delivery of electrical energy in the 21st Century. IEEE;
    • Xia Y, Zhao YD, Saha TK. Optimal portfolio selection for generators in the electricity market. Power and energy society general meeting - conversion and delivery of electrical energy in the 21st Century. IEEE; 2008. p. 1-7.
    • (2008) , pp. 1-7
    • Xia, Y.1    Zhao, Y.D.2    Saha, T.K.3
  • 21
    • 43449098524 scopus 로고    scopus 로고
    • A real options evaluation model for the diffusion prospects of new renewable power generation technologies
    • Kumbaroglu G., Madlener R., Demirel M. A real options evaluation model for the diffusion prospects of new renewable power generation technologies. Energy Econ 2008, 30:1882-1908.
    • (2008) Energy Econ , vol.30 , pp. 1882-1908
    • Kumbaroglu, G.1    Madlener, R.2    Demirel, M.3
  • 23
    • 79959851261 scopus 로고    scopus 로고
    • Toint PhL. Trust-region methods. MPS/SIAM series on optimization, SIAM and MPS;
    • Conn NR, Gould NIM, Toint PhL. Trust-region methods. MPS/SIAM series on optimization, SIAM and MPS; 2000.
    • (2000)
    • Conn, N.R.1    Gould, N.I.M.2
  • 24
    • 51649147836 scopus 로고
    • NLQPL: a FORTRAN-subroutine solving constrained nonlinear programming problems
    • Schittkowski K. NLQPL: a FORTRAN-subroutine solving constrained nonlinear programming problems. Ann Oper Res 1985, 5:485-500.
    • (1985) Ann Oper Res , vol.5 , pp. 485-500
    • Schittkowski, K.1
  • 26
    • 21844503892 scopus 로고
    • Using the KKT matrix in an augmented Lagrangian SQP method for sparse constrained optimisation
    • Biggs M., Hernandez M. Using the KKT matrix in an augmented Lagrangian SQP method for sparse constrained optimisation. J Optim Theory Appl 1995, 85:201-220.
    • (1995) J Optim Theory Appl , vol.85 , pp. 201-220
    • Biggs, M.1    Hernandez, M.2
  • 27
    • 0026157469 scopus 로고
    • Stochastic generation expansion planning by means of stochastic dynamic programming
    • Mo B., Hegge J., Wangensteen I. Stochastic generation expansion planning by means of stochastic dynamic programming. IEEE Trans Power Syst 1991, 6(2):662-668.
    • (1991) IEEE Trans Power Syst , vol.6 , Issue.2 , pp. 662-668
    • Mo, B.1    Hegge, J.2    Wangensteen, I.3
  • 28
    • 0027592449 scopus 로고
    • Flexible generation mix under multiple objectives and uncertainties
    • Tanabe R., Yasuda K., Yokoyama R., Sasaki H. Flexible generation mix under multiple objectives and uncertainties. IEEE Trans Power Syst 1993, 8(2):581-587.
    • (1993) IEEE Trans Power Syst , vol.8 , Issue.2 , pp. 581-587
    • Tanabe, R.1    Yasuda, K.2    Yokoyama, R.3    Sasaki, H.4
  • 31
    • 0347078538 scopus 로고
    • An equilibrium characterisation of the term structure
    • Vasicek O. An equilibrium characterisation of the term structure. J Financ Econ 1977, 5:177-188.
    • (1977) J Financ Econ , vol.5 , pp. 177-188
    • Vasicek, O.1
  • 32
    • 0001205798 scopus 로고
    • A theory of the term structure of interest rates
    • Cox J.C., Ingersoll J.E., Ross S.A. A theory of the term structure of interest rates. Econometrica 1985, 3(2):385-407.
    • (1985) Econometrica , vol.3 , Issue.2 , pp. 385-407
    • Cox, J.C.1    Ingersoll, J.E.2    Ross, S.A.3
  • 33
    • 0003145343 scopus 로고
    • Waiting to invest: investment and uncertainty
    • Ingersoll J.E., Ross S.A. Waiting to invest: investment and uncertainty. J Bus 1992, 65(1):1-29.
    • (1992) J Bus , vol.65 , Issue.1 , pp. 1-29
    • Ingersoll, J.E.1    Ross, S.A.2
  • 37
    • 33846199123 scopus 로고    scopus 로고
    • Optimal investment strategies in decentralized renewable power generation under uncertainty
    • Fleten S.E., Maribu K., Wangensteen I. Optimal investment strategies in decentralized renewable power generation under uncertainty. Energy 2007, 32:803-815.
    • (2007) Energy , vol.32 , pp. 803-815
    • Fleten, S.E.1    Maribu, K.2    Wangensteen, I.3
  • 38
    • 58149129112 scopus 로고    scopus 로고
    • Impact of climate policy uncertainty on the adoption of electricity generating technologies
    • Fuss S., Johansson D., Szolgayova J., Obersteiner M. Impact of climate policy uncertainty on the adoption of electricity generating technologies. Energy Policy 2009, 37(2):733-743.
    • (2009) Energy Policy , vol.37 , Issue.2 , pp. 733-743
    • Fuss, S.1    Johansson, D.2    Szolgayova, J.3    Obersteiner, M.4
  • 39
    • 78149359356 scopus 로고    scopus 로고
    • Planning regional energy system in association with greenhouse gas mitigation under uncertainty
    • Li Y.P., Huang G.H., Chen X. Planning regional energy system in association with greenhouse gas mitigation under uncertainty. Appl Energy 2011, 88(3):599-611.
    • (2011) Appl Energy , vol.88 , Issue.3 , pp. 599-611
    • Li, Y.P.1    Huang, G.H.2    Chen, X.3
  • 40
    • 77953175882 scopus 로고    scopus 로고
    • Uncertainty modeling of CCS investment strategy in China's power sector
    • Zhou W., Zhu B., Fuss S., Szolgayova J., Obersteiner M., Fei W. Uncertainty modeling of CCS investment strategy in China's power sector. Appl Energy 2010, 87(7):2392-2400.
    • (2010) Appl Energy , vol.87 , Issue.7 , pp. 2392-2400
    • Zhou, W.1    Zhu, B.2    Fuss, S.3    Szolgayova, J.4    Obersteiner, M.5    Fei, W.6
  • 41
    • 41749116842 scopus 로고    scopus 로고
    • Investment under market and climate policy uncertainty
    • Fuss S., Szolgayova J., Obersteiner M., Gusti M. Investment under market and climate policy uncertainty. Appl Energy 2008, 85(8):708-721.
    • (2008) Appl Energy , vol.85 , Issue.8 , pp. 708-721
    • Fuss, S.1    Szolgayova, J.2    Obersteiner, M.3    Gusti, M.4
  • 42
    • 0038380755 scopus 로고    scopus 로고
    • Incorporating operational characteristics and start-up costs in option based valuation of power generation capacity
    • Deng S., Oren S. Incorporating operational characteristics and start-up costs in option based valuation of power generation capacity. Probab Eng Inf Sci 2003, 17:155-181.
    • (2003) Probab Eng Inf Sci , vol.17 , pp. 155-181
    • Deng, S.1    Oren, S.2
  • 43
    • 77953132021 scopus 로고    scopus 로고
    • Stochastic interest rates in the analysis of energy investments: implications on economic performance and sustainability
    • Tolis A., Doukelis A., Tatsiopoulos I. Stochastic interest rates in the analysis of energy investments: implications on economic performance and sustainability. Appl Energy 2010, 87(8):2479-2490.
    • (2010) Appl Energy , vol.87 , Issue.8 , pp. 2479-2490
    • Tolis, A.1    Doukelis, A.2    Tatsiopoulos, I.3
  • 44
    • 61649123837 scopus 로고    scopus 로고
    • Investment hysteresis under stochastic interest rates
    • 9th Annual international conference on real options. Paris;
    • Dias JC, Shackleton MB. Investment hysteresis under stochastic interest rates. In: 9th Annual international conference on real options. Paris; 2005.
    • (2005)
    • Dias, J.C.1    Shackleton, M.B.2
  • 45
    • 43549121230 scopus 로고    scopus 로고
    • Evaluating the power investment options with uncertainty in climate policy
    • Yang M., Blyth W., Bradley R., Bunn D., Clarke C., Wilson T. Evaluating the power investment options with uncertainty in climate policy. Energy Econ 2008, 30:1933-1950.
    • (2008) Energy Econ , vol.30 , pp. 1933-1950
    • Yang, M.1    Blyth, W.2    Bradley, R.3    Bunn, D.4    Clarke, C.5    Wilson, T.6
  • 46
    • 3843059406 scopus 로고    scopus 로고
    • Global experience curves for wind farms
    • Junginger M., Faaij A., Turkenburg W.C. Global experience curves for wind farms. Energy Policy 2005, 33(2):133-150.
    • (2005) Energy Policy , vol.33 , Issue.2 , pp. 133-150
    • Junginger, M.1    Faaij, A.2    Turkenburg, W.C.3
  • 47
    • 85020975858 scopus 로고    scopus 로고
    • Learning rates and future cost of power plants with CO2 capture
    • IEA international workshop on technology learning and deployment. Paris;
    • Rubin ES. Learning rates and future cost of power plants with CO2 capture. In: IEA international workshop on technology learning and deployment. Paris; 2007.
    • (2007)
    • Rubin, E.S.1
  • 48
    • 33751407473 scopus 로고    scopus 로고
    • A stochastic dynamic model for optimal timing of investments in new generation capacity in restructured power systems
    • Botterud A., Korpas M. A stochastic dynamic model for optimal timing of investments in new generation capacity in restructured power systems. Electr Power Energy Syst 2007, 29(2):163-174.
    • (2007) Electr Power Energy Syst , vol.29 , Issue.2 , pp. 163-174
    • Botterud, A.1    Korpas, M.2
  • 49
    • 84881370388 scopus 로고    scopus 로고
    • HTSO S.A. Hellenic transmission system operator. statistics for the years 2001-2009. HTSO; [13.11.09].
    • HTSO S.A. Hellenic transmission system operator. statistics for the years 2001-2009. HTSO; 2009. [13.11.09]. http://www.desmie.gr.
    • (2009)
  • 50
    • 0036789232 scopus 로고    scopus 로고
    • A diffusion model for electricity prices
    • Barlow M.T. A diffusion model for electricity prices. Math Finance 2002, 12(4):287-298.
    • (2002) Math Finance , vol.12 , Issue.4 , pp. 287-298
    • Barlow, M.T.1
  • 51
  • 54
    • 64649100428 scopus 로고    scopus 로고
    • Germany's wind energy: the potential for fossil capacity replacement and cost saving
    • Weigt H. Germany's wind energy: the potential for fossil capacity replacement and cost saving. Appl Energy 2009, 86(10):1857-1863.
    • (2009) Appl Energy , vol.86 , Issue.10 , pp. 1857-1863
    • Weigt, H.1
  • 55
    • 77950857971 scopus 로고    scopus 로고
    • An overview of current research on EU ETS: evidence from its operating mechanism and economic effect
    • Zhang Y., Wei Y. An overview of current research on EU ETS: evidence from its operating mechanism and economic effect. Appl Energy 2010, 87(6):1804-1814.
    • (2010) Appl Energy , vol.87 , Issue.6 , pp. 1804-1814
    • Zhang, Y.1    Wei, Y.2
  • 56
    • 85021032435 scopus 로고    scopus 로고
    • Greek ministry of development. YPAN; [10.11.09].
    • Greek ministry of development. YPAN; 2009. [10.11.09]. http://www.ypan.gr.
    • (2009)
  • 57
    • 84881369941 scopus 로고    scopus 로고
    • General secretariat of national statistical service of Greece. ESYE; [17.11.09].
    • General secretariat of national statistical service of Greece. ESYE; 2009. [17.11.09]. http://www.statistics.gr.
    • (2009)
  • 58
    • 84881368111 scopus 로고    scopus 로고
    • Natural gas company of Attica. Statistics for the years 2001-2008. DEPA; [15.11.09].
    • Natural gas company of Attica. Statistics for the years 2001-2008. DEPA; 2009. [15.11.09]. http://www.aerioattikis.gr/.
    • (2009)
  • 59
    • 51849158831 scopus 로고    scopus 로고
    • International energy agency
    • Statistics for Greece. IEA; 2008. [11.08.09].
    • International energy agency. 2008. Statistics for Greece. IEA; 2008. [11.08.09]. http://www.iea.org.
    • (2008)
  • 60
    • 84881368057 scopus 로고    scopus 로고
    • Point-carbon. Carbon market indicator; [14.11.09].
    • Point-carbon. Carbon market indicator; 2009. [14.11.09]. http://www.pointcarbon.com.
    • (2009)
  • 61
    • 0037208337 scopus 로고    scopus 로고
    • Economic aspects of the cotton-stalk biomass logistics and comparison of supply chain methods
    • Tatsiopoulos I., Tolis A. Economic aspects of the cotton-stalk biomass logistics and comparison of supply chain methods. Biomass Bioenerg J 2003, 24:199-214.
    • (2003) Biomass Bioenerg J , vol.24 , pp. 199-214
    • Tatsiopoulos, I.1    Tolis, A.2
  • 62
    • 85021045129 scopus 로고    scopus 로고
    • A structural risk-neutral model of electricity prices
    • HAL-CCSD; Working papers, HAL. .
    • Aid R, Campi L, Nguyen HA, Touzi N. A structural risk-neutral model of electricity prices. HAL-CCSD; 2009. Working papers, HAL. http://econpapers.repec.org/RePEc:hal:wpaper:hal-00390690_v2.
    • (2009)
    • Aid, R.1    Campi, L.2    Nguyen, H.A.3    Touzi, N.4


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.