TY - JOUR
T1 - Interacting policies in power systems
T2 - Renewable subsidies and a carbon tax
AU - Bhandari, Vivek
AU - Giacomoni, Anthony M.
AU - Wollenberg, Bruce F.
AU - Wilson, Elizabeth J.
N1 - Publisher Copyright:
© 2017 Elsevier Inc.
PY - 2017/7
Y1 - 2017/7
N2 - Without careful planning and design, energy policies like carbon taxes and renewable subsidies like production tax credits undercut one another in unanticipated ways. We examine how a carbon tax interacts with PTCs by simulating an electricity market using the IEEE RTS model with a carbon tax of $38/tonCO2e and a PTC of $23/MWh. The results show that PTCs work against the carbon tax by both lowering average energy prices and altering the generator dispatch.
AB - Without careful planning and design, energy policies like carbon taxes and renewable subsidies like production tax credits undercut one another in unanticipated ways. We examine how a carbon tax interacts with PTCs by simulating an electricity market using the IEEE RTS model with a carbon tax of $38/tonCO2e and a PTC of $23/MWh. The results show that PTCs work against the carbon tax by both lowering average energy prices and altering the generator dispatch.
UR - https://www.scopus.com/pages/publications/85027572990
UR - https://www.scopus.com/inward/citedby.url?scp=85027572990&partnerID=8YFLogxK
U2 - 10.1016/j.tej.2017.06.004
DO - 10.1016/j.tej.2017.06.004
M3 - Article
AN - SCOPUS:85027572990
SN - 1040-6190
VL - 30
SP - 80
EP - 84
JO - Electricity Journal
JF - Electricity Journal
IS - 6
ER -
