Precio de las emisiones de CO2 en la generación eléctrica

Price of CO2 emissions in electricity generation

María del Carmen Gómez-Ríos and David Juárez-Luna

MPRA Paper from University Library of Munich, Germany

Abstract: This paper aims to identify the effects of including the price of CO2 emissions in the Total Levelized Cost of Generation (CTNG, in Spanish) of the combined cycle power plant. Monte Carlo simulation is used to estimate the probability densities of the CTNG and the Total Levelized Cost of Generation with Externalities (CTNGE). The effects of the price of CO2 emissions in the CTNG of the combined cycle plant are analysed through the concepts of stochastic dominance. We find that the price of CO2 emissions makes the CTNGE of the combined cycle plant to be higher and riskier than the CTNG. On the other hand, the CTNGE of the combined cycle plant is very sensitive to changes in the price of CO2 emissions. The analysis suggests that the share of electricity generation through combined cycle plants should be reduced to replace it with clean technologies. A limitation of the work is that the CTNG and CTNGE probability densities, generated through Monte Carlo simulation, depend on the data used, so they are sensitive to changes in the input parameters.

Keywords: CO2 Emissions; Generation; Electricity; Levelized Cost. (search for similar items in EconPapers)
JEL-codes: Q40 Q53 (search for similar items in EconPapers)
Date: 2018-10-19
New Economics Papers: this item is included in nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/89915/1/MPRA_paper_89915.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:89915

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().