首页 | 本学科首页   官方微博 | 高级检索  
     


Simulating price patterns for tradable green certificates to promote electricity generation from wind
Authors:Andrew Ford  Klaus Vogstad  Hilary Flynn
Affiliation:1. Program in Environmental Science and Regional Planning, Washington State University, Pullman, WA 99164-4430, USA;2. Department of Energy and Process Engineering, Norwegian University of Science and Technology, Kolbjorn Hejes vei 1B, 7491 Trondheim, Norway;3. Prometheus Institute for Sustainable Development, 20 Mount Auburn Street, Cambridge, MA 02138, USA
Abstract:This article uses computer simulation to anticipate the price dynamics in a market for Tradable Green Certificates (TGCs). These markets have been used in Europe to promote generation of electricity from renewable resources like wind. Similar markets have been proposed in the United States of America (USA) where the certificates are called Renewable Energy Credits (RECs). The certificates are issued to the generating companies for each megawatt-hour of renewable electricity generation. The companies may sell the certificates in a market, and the revenues from certificate sales provide an extra incentive to invest in new generating capacity. Proponents argue that this market-based incentive can be designed to support government mandates for a growing fraction of electricity generation from renewable sources. In the USA, these mandates are set by the states and are known as Renewable Portfolio Standards (RPS).
Keywords:Renewable portfolio standards  Tradable green certificates  Renewable energy credits
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号