Interactions of Environmental Policies in a Transmission-constrained Competitive Electric Market

Project Status: 

This project was designed to address several emerging issues for the Western US and the context of the WECC: (1) Will multiple concurrent market-based policies necessarily benefit renewable producers at the expense of consumers and coal-based producers? (2) What is the relationship among prices of electric energy, emissions permits, and renewable energy credits (RECs)? (3) Will multiple concurrent market-based policies grant a greater magnitude of incentive for companies to manipulate markets in their favor (i.e., market power)? (4) Do the designs of the current policies have adequate flexibility without sacrificing environmental integrity and interfering with competitive market operations? and (5) Will any policy be redundant under certain conditions if their policy goals are to some extent overlapped?

Related Publications

Papavasiliou, Anthony. "Integration of Contracted Renewable Energy and Spot Market Supply to Serve Flexible Loads." Proceedings of the 18th IFAC World Congress. Ed. Sergio, Bittanti. Trans. Sergio, Bittanti and Mosca Edoardo. Milan, Italy: IFAC, Elsevier, 2011. 12852 - 12857.
Papavasiliou, Anthony, and Shmuel S Oren. "Supplying renewable energy to deferrable loads: Algorithms and economic analysis." IEEE Power and Energy Society (PES) General Meeting. Minneapolis, MN: IEEE, 2010. 1 - 8.
Papavasiliou, Anthony, Yihsu Chen, and Shmuel S Oren. "Environmental regulation in transmission-constrained electricity markets." 2009 IEEE Power & Energy Society (PES) General Meeting. Calgary, Canada: IEEE, 2009. 1 - 8.
Papavasiliou, Anthony, and Shmuel S Oren. "Coupling Wind Generators with Deferrable Loads." 2008 IEEE Energy 2030 Conference (Energy). Atlanta, GA, USA: IEEE, 2008. 1 - 7.