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Optimisation of electricity energy markets and assessment of CO2 trading on their structure: A stochastic analysis of the Greek Power Sector

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dc.contributor.author Tolis, AI en
dc.contributor.author Rentizelas, AA en
dc.contributor.author Tatsiopoulos, IP en
dc.date.accessioned 2014-03-01T11:45:09Z
dc.date.available 2014-03-01T11:45:09Z
dc.date.issued 2010 en
dc.identifier.issn 1364-0321 en
dc.identifier.uri https://dspace.lib.ntua.gr/xmlui/handle/123456789/37250
dc.subject Power sector en
dc.subject Optimisation en
dc.subject Emissions trading en
dc.subject Stochastic forecast en
dc.subject.classification Energy & Fuels en
dc.subject.other REAL OPTIONS en
dc.subject.other UNCERTAINTY en
dc.subject.other MODEL en
dc.title Optimisation of electricity energy markets and assessment of CO2 trading on their structure: A stochastic analysis of the Greek Power Sector en
heal.type other en
heal.identifier.primary 10.1016/j.rser.2010.07.012 en
heal.identifier.secondary http://dx.doi.org/10.1016/j.rser.2010.07.012 en
heal.language English en
heal.publicationDate 2010 en
heal.abstract Power production was traditionally dominated by monopolies. After a long period of research and organisational advances in international level, electricity markets have been deregulated allowing customers to choose their provider and new producers to compete the former Public Power Companies. Vast changes have been made in the European legal framework but still, the experience gathered is not sufficient to derive safe conclusions regarding the efficiency and reliability of deregulation. Furthermore, emissions' trading progressively becomes a reality in many respects, compliance with Kyoto protocol's targets is a necessity, and stability of the national grid's operation is a constraint of vital importance. Consequently, the production of electricity should not rely solely in conventional energy sources neither in renewable ones but on a mixed structure. Finding this optimal mix is the primary objective of the study. A computational tool has been created, that simulates and optimises the future electricity generation structure based on existing as well as on emerging technologies. The results focus on the Greek Power Sector and indicate a gradual decreasing of anticipated CO2 emissions while the socioeconomic constraints and reliability requirements of the system are met. Policy interventions are pointed out based on the numerical results of the model. (C) 2010 Elsevier Ltd. All rights reserved. en
heal.publisher PERGAMON-ELSEVIER SCIENCE LTD en
heal.journalName RENEWABLE & SUSTAINABLE ENERGY REVIEWS en
dc.identifier.doi 10.1016/j.rser.2010.07.012 en
dc.identifier.isi ISI:000282853500005 en
dc.identifier.volume 14 en
dc.identifier.issue 9 en
dc.identifier.spage 2529 en
dc.identifier.epage 2546 en


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