Environmental externality surcharges in power system planning: a case study of New England

Incentive pricing and economic profitability of load management program

“…Furthermore, the AGCC is determined to be 169.1 million US dollars over a 10-year planning horizon in the case of the Taipower system using Eq. (8). From [33], implementation of LM programs in Taipower will result in a reduction in the average peak demand of 455.1 MW per year, and $42.14/kW-year incentive will be induced due to the deferred generating capacity expansion using Eq.…”

“…The underlying principle of the IRP approach is that utilities should provide an energy service to their customers at minimal societal cost. This implies that utilities should consider both supply-and demand-side options when performing their planning operations, and should sometimes take environmental costs into consideration [8][9][10][11][12][13][14][15]. Minimal societal costs are defined as the minimum of the joint expenses of the utility and the consumers, which can be represented by the total resource cost or societal cost if environmental externalities are taken into account.…”

Research Characteristics and Development Trend of Global Low-Carbon Power—Based on Bibliometric Analysis of 1983–2021

“…Reister et al [4] constructed a long-term global energy economic model to assess the problem of CO 2 emissions from fossil fuels used in energy systems. Subsequently, scholars from the United States, the United Kingdom, the Netherlands, China, and other countries conducted many studies on the carbon emissions resultant from energy production activities from the perspectives of CO 2 emission assessments and possible substitution with RE [5][6][7][8]. In 2003, a low-carbon economy was proposed for the first time in the Energy white paper 2003: our energy future-creating a low carbon economy of the British government.…”