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Abstract
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Article Information:
Generation Capacity Expansion with CO2 Emission and Transmission Constraints in an Oligopolistic Market
A.M.A.K. Abeygunawardana, Cristian Bovo, Majid Gholami and Alberto Berizzi
Corresponding Author: Majid Gholami
Submitted: March 01, 2013
Accepted: March 27, 2013
Published: December 15, 2013 |
Abstract:
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The European Union is committed to cut Greenhouse Gas emissions (GHGs) by 30% of 1990 levels by 2020; other countries are committed to make similar reductions under a global agreement. Some technical options are available on the supply side, to reduce GHG and other harmful emissions by the power sector. Therefore, it is important to analyze what type of power generation technologies will be chosen by companies under different CO2 mitigation targets. Several models look into Generation Expansion Planning in oligopolistic markets; however, they do not consider the impact of CO2 reduction targets and the transmission constraints together. This study presents a Generation Expansion planning model with transmission constraints for analyzing the implications of CO2 emission mitigation constraints for investment decisions in oligopolistic electricity markets. The results of the model are presented with reference to the Italian power sector, responsible for 32% of national CO2 emissions.
Key words: CO2 capture and storage, cournot model, generation expansion planning, GHG mitigation, oligopolistic market, ,
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Cite this Reference:
A.M.A.K. Abeygunawardana, Cristian Bovo, Majid Gholami and Alberto Berizzi, . Generation Capacity Expansion with CO2 Emission and Transmission Constraints in an Oligopolistic Market. Research Journal of Applied Sciences, Engineering and Technology, (23): 4474-4484.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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