Integrating Thermal and Hydro Electricity ...
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
Integrating Thermal and Hydro Electricity Markets: Economic and Environmental Costs of not Harmonizing Pricing Rules
Auteur(s) :
Billette de Villemeur, Etienne [Auteur]
Lille économie management - UMR 9221 [LEM]
Pineau, Pierre-Olivier [Auteur]
Lille économie management - UMR 9221 [LEM]
Pineau, Pierre-Olivier [Auteur]
Titre de la revue :
Energy Journal
Éditeur :
International Association for Energy Economics
Date de publication :
2016-01
ISSN :
0195-6574
Mot(s)-clé(s) en anglais :
Energy Modeling – Sectoral Energy Demand & Technology
Electricity – Markets and Prices
Energy Modeling – Energy Data
Modeling
and Policy Analysis
Energy Modeling – Forecasting and Market Analysis
Electricity – Markets and Prices
Energy Modeling – Energy Data
Modeling
and Policy Analysis
Energy Modeling – Forecasting and Market Analysis
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
The electricity sector is the largest source of greenhouse gases (GHG) emissions in the world, and reducing these emissions can often be costly. However, because electricity markets remain integrated at a shallow level ...
Lire la suite >The electricity sector is the largest source of greenhouse gases (GHG) emissions in the world, and reducing these emissions can often be costly. However, because electricity markets remain integrated at a shallow level (with different pricing regulations), many gains from deeper integration (adoption of marginal cost pricing everywhere) are yet to be realized. This paper assesses the benefits of deep integration between a "hydro" jurisdiction and a "thermal" one. It also underscores the inefficiency of trade when pricing rules differ. Our detailed hourly model, calibrated with real data from the provinces of Ontario and Quebec, Canada, estimates price, consumption, emissions and welfare changes associated with fully integrating electricity markets, under transmission constraints. A negative abatement cost of $37/tonne of CO2 was found (for more than 1 million tonnes), clearly illustrating the untapped potential of wealth creation in carbon reduction initiatives. Furthermore, given the inefficiency of shallow integration between markets, we found that removing interconnections between markets offers a relatively affordable CO2-reduction opportunity, at $21.5/tonne.Lire moins >
Lire la suite >The electricity sector is the largest source of greenhouse gases (GHG) emissions in the world, and reducing these emissions can often be costly. However, because electricity markets remain integrated at a shallow level (with different pricing regulations), many gains from deeper integration (adoption of marginal cost pricing everywhere) are yet to be realized. This paper assesses the benefits of deep integration between a "hydro" jurisdiction and a "thermal" one. It also underscores the inefficiency of trade when pricing rules differ. Our detailed hourly model, calibrated with real data from the provinces of Ontario and Quebec, Canada, estimates price, consumption, emissions and welfare changes associated with fully integrating electricity markets, under transmission constraints. A negative abatement cost of $37/tonne of CO2 was found (for more than 1 million tonnes), clearly illustrating the untapped potential of wealth creation in carbon reduction initiatives. Furthermore, given the inefficiency of shallow integration between markets, we found that removing interconnections between markets offers a relatively affordable CO2-reduction opportunity, at $21.5/tonne.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :
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