Title :
Coordination of SO2 emission allowance trading, energy and spinning reserve transactions, and consumption of take-or-pay fuels
Author :
Lee, Fred N. ; Liao, James ; Breipohl, Arthur M.
Author_Institution :
Sch. of Electr. Eng., Oklahoma Univ., Norman, OK, USA
fDate :
8/1/1994 12:00:00 AM
Abstract :
This paper presents a method for coordinating sulfur dioxide (SO 2) emission allowance trading, energy and spinning reserve transactions, and consumption of take-or-pay fuels in the context of generation dispatch. Beginning in 1995, electric power utilities will be required by the US Clean Air Act Amendments (CAAA) of 1990 to have allowances for SO2 emissions. In order to make the compliance program more flexible, electric utilities will be permitted to trade emission allowances. Thus it is essential to properly coordinate the emission allowance trading with other closely correlated operational decisions to achieve overall efficiency in generation dispatch. This paper presents the coordinating equations and outlines the coordination procedure. Simple examples are also given to illustrate the basic coordination principle
Keywords :
air pollution detection and control; economics; electricity supply industry; flue gas desulphurisation; fuel; load dispatching; power station load; power system planning; sulphur compounds; thermal power stations; Clean Air Act Amendments; SO2; USA; air pollution control; consumption; coordinating equations; coordination procedure; efficiency; electric utilities; emission allowance trading; energy transactions; generation dispatch; operational decisions; spinning reserve; take-or-pay fuels; Contracts; Costs; Environmental economics; Equations; Fuel economy; Power generation economics; Power system economics; Power systems; Resource management; Spinning;
Journal_Title :
Power Systems, IEEE Transactions on
