Research Article | OPEN ACCESS
Generation Capacity Expansion with CO2 Emission and Transmission Constraints in an Oligopolistic Market
1A.M.A.K. Abeygunawardana, 2Cristian Bovo, 3Majid Gholami and 4Alberto Berizzi
1School of Electrical Engineering and Computer Science, Queensland University of
Technology, Australia
2, 3, 4Department of Energy, Politecnico di Milano, Italy
Research Journal of Applied Sciences, Engineering and Technology 2013 23:4474-4484
Received: March 01, 2013 | Accepted: March 27, 2013 | Published: December 15, 2013
Abstract
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.
Keywords:
CO2 capture and storage, cournot model, generation expansion planning, GHG mitigation, oligopolistic market,
Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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