Contracts in Electricity Markets under EU ETS: A Stochastic Programming Approach
Arega Getaneh Abate,
Rossana Riccardi,
Carlos Ruiz
Abstract:The European Union Emission Trading Scheme (EU ETS) is a cornerstone of the EU's strategy to fight climate change and an important device for plummeting greenhouse gas (GHG) emissions in an economically efficient manner. The power industry has switched to an auction-based allocation system at the onset of Phase III of the EU ETS to bring economic efficiency by negating windfall profits that have been resulted from grandfathered allocation of allowances in the previous phases. In this work, we analyze and simul… Show more
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