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ID: 104929

Carbon prices, institutions, technology and electricity generat / Skoufa, Lucas; Tamaschke, Rick

Skoufa, Lucas	Journal Article
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2011.

Summary/Abstract

A relationship exists for the liberalised Australian electricity supply industry between institutional structures and technological change. The traditional institutional framework has been based on centralised generation and a regulated vertically integrated monopoly structure. This paper investigates the issues of institutional and technological change using the social cost perspective (including externalities), and focuses on the imperatives of greenhouse gas emission reductions. An Australian context has been chosen for the paper, in light of a proposed price on carbon; be that via an emission trading scheme or carbon tax. The power generation sector is dominated by coal- and gas-fired power plants due to the large reserves of coal and gas available in Australia. If carbon pricing of up to AU$40/tCO2 is introduced then the merit order for dispatch changes but coal-fired power generation sources remain an option.

Key Words

Institutions ; Electricity Generation ; Carbon Prices

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ID: 179719

Comparative economic analysis of technological priorities for low-carbon transformation of electric power industry in Russia and / Veselov, Fedor; Pankrushina, Tatiana; Khorshev, Andrey

Veselov, Fedor	Journal Article
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Summary/Abstract

This paper explores the differences in technological priorities for decarbonization of the Russian and the European power sectors up to 2040 and investigates the main drivers of such differences. We used updated cost and performance data to conduct a comparative analysis of technologies based on levelized cost of electricity. Calculation of carbon avoided costs allowed us to found the pool of cost-efficient low-carbon technologies for the Russian power industry as well as the level of carbon prices needed to support their development. Also, we have explained the reasons which cause differences in decarbonization priorities in Russia and Europe. We have also investigated the impact of system requirements (and associated costs) in terms of capacity availability and its operating modes on the competitiveness of renewable energy sources and conventional power plants. Consideration of these requirements and costs improves the quality of power system planning and policy-making processes under the strict limits on greenhouse gas emissions. Based on performed analysis we suggest economically reasonable decarbonization strategy of the Russian power industry as well as the necessary level of carbon prices/taxes for various low- and non-carbon technologies to support their development.

Key Words

Renewable energy sources ; Power Industry ; Decarbonization ; Carbon Prices ; Levelized Cost

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