Australian electricity market power analysis under potential emission trading scheme

Xun Zhou, Zhao Dong, Ariel Liebman and Geoff James
Additional contact information
Xun Zhou: School of ITEE, The University of Queensland
Zhao Dong: Department of Electrical Engineering, The Hong Kong Polytechnic University, Hong Kong
Geoff James: CSIRO

No 1-2009, Energy Economics and Management Group Working Papers from School of Economics, University of Queensland, Australia

Abstract: Existence of market power in electricity markets has been revealed by extensive studies, however, the understanding of how environmental policies, e.g. emission trading scheme, impacts on the change of market power of generation companies (GENCOs) is at the inchoate stage. This paper, targeted at the study of Australia National Electricity Market, presents the Cournot market equilibrium model incorporating an emission trading model to study the potential changes of market power due to the introduction of the proposed Australian National Emission Trading Scheme (NETS) and further analyse the sensitivity of market power with increasing carbon price.

Keywords: Emissions trading; Sustainable Development; Market power (search for similar items in EconPapers)
JEL-codes: Q40 (search for similar items in EconPapers)
Date: 2009-07
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:qld:uqeemg:1-2009

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