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Article: Emission allowance allocation with multiple equity principles in deregulated power systems

TitleEmission allowance allocation with multiple equity principles in deregulated power systems
Authors
KeywordsEmission Allowance Allocation
Equity Principles
Power System
Issue Date2011
PublisherJohn Wiley & Sons Ltd. The Journal's web site is located at http://www.etep.de
Citation
European Transactions On Electrical Power, 2011, v. 21 n. 3, p. 1425-1436 How to Cite?
AbstractEquity is an essential issue to consider in emission allowance allocation problems to ensure the participation of as many market participants as possible. Various equity principles have been practiced in emission allowance allocations, and some of them conflict. The main purpose of this work is to present an emission allowance allocation methodology that takes into account both individual interests and different versions of equity and makes progress toward reaching a global consensus for emission allowance allocation in deregulated power systems. We propose nine equity principles for emission allowance allocation. We combine a hierarchical system with a voting mechanism to incorporate various definitions of equity and to find a compromise solution. The voting mechanism is used for selecting equity principles for each power plant (market participant). The hierarchical system is composed of two subsystems. The upper level subsystem computes the emission allowances among all regions, while the lower level subsystem obtains the emission allowances among the power plants in each region. A test power system serves to illustrate the essential features of the proposed methodology, and the results are used to investigate the choice of equity principles of different types of power plants located in different regions. Copyright © 2010 John Wiley & Sons, Ltd.
Persistent Identifierhttp://hdl.handle.net/10722/155609
ISSN
2014 Impact Factor: 0.886
ISI Accession Number ID
Funding AgencyGrant Number
Nanjing University of Posts and Telecommunications
University of Hong Kong
Funding Information:

This research is supported by the Scientific Research Launch Funding of Nanjing University of Posts and Telecommunications, the Small Project Funding of the University of Hong Kong, the University Development Funding (UDF) of the University of Hong Kong, and the Strategic Research Theme (SRT) of the University of Hong Kong.

References

 

DC FieldValueLanguage
dc.contributor.authorXie, Jen_US
dc.contributor.authorZhong, Jen_US
dc.contributor.authorGan, Den_US
dc.date.accessioned2012-08-08T08:34:21Z-
dc.date.available2012-08-08T08:34:21Z-
dc.date.issued2011en_US
dc.identifier.citationEuropean Transactions On Electrical Power, 2011, v. 21 n. 3, p. 1425-1436en_US
dc.identifier.issn1430-144Xen_US
dc.identifier.urihttp://hdl.handle.net/10722/155609-
dc.description.abstractEquity is an essential issue to consider in emission allowance allocation problems to ensure the participation of as many market participants as possible. Various equity principles have been practiced in emission allowance allocations, and some of them conflict. The main purpose of this work is to present an emission allowance allocation methodology that takes into account both individual interests and different versions of equity and makes progress toward reaching a global consensus for emission allowance allocation in deregulated power systems. We propose nine equity principles for emission allowance allocation. We combine a hierarchical system with a voting mechanism to incorporate various definitions of equity and to find a compromise solution. The voting mechanism is used for selecting equity principles for each power plant (market participant). The hierarchical system is composed of two subsystems. The upper level subsystem computes the emission allowances among all regions, while the lower level subsystem obtains the emission allowances among the power plants in each region. A test power system serves to illustrate the essential features of the proposed methodology, and the results are used to investigate the choice of equity principles of different types of power plants located in different regions. Copyright © 2010 John Wiley & Sons, Ltd.en_US
dc.languageengen_US
dc.publisherJohn Wiley & Sons Ltd. The Journal's web site is located at http://www.etep.deen_US
dc.relation.ispartofEuropean Transactions on Electrical Poweren_US
dc.subjectEmission Allowance Allocationen_US
dc.subjectEquity Principlesen_US
dc.subjectPower Systemen_US
dc.titleEmission allowance allocation with multiple equity principles in deregulated power systemsen_US
dc.typeArticleen_US
dc.identifier.emailZhong, J:jinzhong@hkucc.hku.hken_US
dc.identifier.authorityZhong, J=rp00212en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1002/etep.509en_US
dc.identifier.scopuseid_2-s2.0-79955389901en_US
dc.identifier.hkuros201937-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-79955389901&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume21en_US
dc.identifier.issue3en_US
dc.identifier.spage1425en_US
dc.identifier.epage1436en_US
dc.identifier.isiWOS:000290234100006-
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridXie, J=16033431700en_US
dc.identifier.scopusauthoridZhong, J=13905948700en_US
dc.identifier.scopusauthoridGan, D=7005499404en_US

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