气候变化领域集成服务门户(CCPortal): How marginal is lignite? Two simple approaches to determine price-setting technologies in power markets

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DOI	10.1016/j.enpol.2020.111482
	How marginal is lignite? Two simple approaches to determine price-setting technologies in power markets
	Germeshausen R.; Wölfing N.
发表日期	2020
ISSN	03014215
卷号	142
英文摘要	How much carbon is in the price of power? The answer to this question determines many economic consequences of climate policies, i.e. in terms of costs for downstream industries. It requires, however, to first identify the cost impact of carbon pricing on the price-setting entity on the power market. Economic theory tells us that power prices are determined by the cost of the marginal plant. We propose two simple approaches to conclude on marginal technologies in electricity wholesale from public data. Both approaches are complementary, easy to implement, and based upon assumptions which are commonly used in more complex energy system models. We exemplify their use with a policy example on the compensation for indirect emission costs from the EU Emissions Trading Scheme. We find that the current policy design severely overweighs CO2 emissions from lignite power plants in the Central Western European power market, which may lead to overcompensation of industrial power users and therefore to a distortion with regard to the policy's stated goal. © 2020 Elsevier Ltd
关键词	EU ETS Indirect cost compensation Marginal technology Power market Price formation
英文关键词	Carbon; Industrial emissions; Lignite; Power markets; Climate policy; Complex energy systems; Economic consequences; Economic theories; Emission costs; EU Emissions Trading Scheme; Industrial power; Simple approach; Costs; carbon emission; compensation system; cost analysis; electricity supply; emissions trading; energy market; energy policy; lignite; price determination; Western Europe
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204665
作者单位	ZEW – Leibniz Centre for European Economic Research, Mannheim, L7,1 68161, Germany; Mannheim Institute for Sustainable Energy Studies, Business School, University of Mannheim, Mannheim, 68131, Germany
推荐引用方式 GB/T 7714	Germeshausen R.,Wölfing N.. How marginal is lignite? Two simple approaches to determine price-setting technologies in power markets[J],2020,142.
APA	Germeshausen R.,&Wölfing N..(2020).How marginal is lignite? Two simple approaches to determine price-setting technologies in power markets.Energy Policy,142.
MLA	Germeshausen R.,et al."How marginal is lignite? Two simple approaches to determine price-setting technologies in power markets".Energy Policy 142(2020).