DocumentCode
1820939
Title
An oligopolistic electricity model with marketable CO2 emission permits
Author
Chung, William
Author_Institution
Dept. of Manage. Sci., City Univ. of Hong Kong, Hong Kong, China
fYear
2010
fDate
7-10 Dec. 2010
Firstpage
869
Lastpage
873
Abstract
In this paper, we derive an equilibrium model of the CO2 emission permits market. We consider a variational inequality (VI) approach to model an oligopolistic competition in the market of CO2 emission permits and electric power. A Cournot model of electricity market is described and variational inequality formulations are derived for oligopolistic electricity models with marketable CO2 permits. Solution method and a simple example is presented and implemented in a PC and solved by a built-in solver powered by GAMS.
Keywords
oligopoly; power markets; Cournot model; electricity market; emission permits market; oligopolistic electricity model; variational inequality; Biological system modeling; Electricity; Electricity supply industry; Generators; Licenses; Marketing and sales; Optimization; CO2 emissions permits; electricity market;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management (IEEM), 2010 IEEE International Conference on
Conference_Location
Macao
ISSN
2157-3611
Print_ISBN
978-1-4244-8501-7
Electronic_ISBN
2157-3611
Type
conf
DOI
10.1109/IEEM.2010.5674201
Filename
5674201
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