Equilibrium fuel supply and carbon credit pricing under market competition and environmental regulations: A California case study

Hu, Kejia; Chen, Yuche

doi:10.1016/j.apenergy.2018.12.041

Cited by 23 publications

(9 citation statements)

References 41 publications

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“…For the second part of the objective function, considering the cost (or revenue) of capacity transfer between enterprises, the costs and expenses generated by capacity transfer are expressed as the product of unit transfer charge price and transfer amount, expressed as TP ij ta ij , and carbon credit transfer is similarly expressed as wE [43]. The positive and negative values calculated by the final model represent the revenue and cost of the enterprise.…”

Section: Co-opetitive Scenariomentioning

confidence: 99%

Hub-and-Spoke Logistics Network Considering Pricing and Co-Opetition

Zhou

Zhao

et al. 2021

Sustainability

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With the rapid development of the logistics market, the construction of an efficient “channel + hub + network” logistics system, that is, a hub-and-spoke logistics network, is of great importance to enterprises. In particular, how to reduce costs and increase efficiency in both the construction of network facilities and actual operations, and to formulate reasonable prices for the logistics service needs in the entire market are crucial strategies and decisions for enterprises. Under such a background, this article starts from the perspective of duopoly logistics enterprises that jointly build networks and allow the transfer of surplus capacity and carbon credits, and studies the hub-and-spoke logistics network design that also considers the relationship between service pricing and co-opetition. Considering the corporate profit and difficulty of implementation as a whole, the co-opetition is a better choice than the complete competition and perfect cooperation. In addition, the remaining capacity of the company, the transfer of carbon credits, the joint construction and sharing of hubs, and strategic cooperation in the area of corporate common pricing under the price framework agreement are conducive to the realization of an increase in corporate operating profits, a better market share and more favorable pricing.

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Section: Co-opetitive Scenariomentioning

confidence: 99%

Hub-and-Spoke Logistics Network Considering Pricing and Co-Opetition

Zhou

Zhao

et al. 2021

Sustainability

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Section: Introductionunclassified

“…Debido a la actual preocupación referente a la baja calidad del aire, la seguridad energética y el cambio climático global, diferentes países alrededor del mundo han desarrollado políticas para promover el uso de las energías renovables (Hu y Chen, 2019). Ya que el sector transporte contribuye al 23% de las emisiones de efecto invernadero, es necesario reemplazar el uso de los combustibles fósiles en este sector (Hu y Chen, 2019). Entre las alternativas al combustible fósil, los combustibles a base de biomasa son una alternativa potente ya que, por ejemplo, tiene una menor emisión de gases de efecto invernadero, es renovable y es altamente disponible (Singh et al, 2019).…”

Section: Introductionunclassified

“…Entre esas características como biocombustible podemos destacar que el butanol tiene un mayor calor de combustión, rindiendo más kilómetros por litro, y una mayor viscosidad, la cual reduce el desgaste del motor y sus pistones. Por consiguiente, el butanol fue aprobado como biocombustible en los Estados Unidos por la Agencia de Protección Ambiental como un aditivo de la gasolina con una concentración de hasta 16%; a modo de comparación, el etanol es mezclado con la gasolina hasta 10% (Hu y Chen, 2019).…”

Section: Introductionunclassified

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Evaluación energética y económica de la recuperación in situ de butanol aplicando vacío cíclico en un reactor con múltiples alimentaciones

Grisales-Díaz¹,

Prado-Rúbio

Tost

2020

Inf. tecnol.

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En este trabajo, se evaluó la producción de butanol por fermentación en una operación de vacío cíclica con múltiples alimentaciones de sustrato a través de una estrategia de simulación de procesos. La sacarificación del sustrato, rastrojo de maíz, fue simulada en un reactor integrado con fermentación y recuperación in situ de producto con los objetivos de alcanzar el máximo potencial económico y los mínimos requerimientos de electricidad de la bomba de calor requerida por la integración energética. Las optimizaciones multi-objetivo fueron realizadas en MATLAB ®. Se encontró que el vacío cíclico no permite alcanzar el máximo potencial económico y que usar una estrategia con múltiples alimentaciones es una estrategia de operación suficiente. Usando estas estrategias los requerimientos de electricidad fueron reducidos en 5% y se incrementó el potencial económico en 9% (alrededor de 4 Millones de dólares por año) cuando se compara con un reactor integrado con una sola alimentación.

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“…In this aspect, power industry not only needs regulated electricity market, but also needs regulated carbon market. More concretely, it requires the two markets to be regulated coordinately and work harmonized [9][10].…”

Section: Introductionmentioning

confidence: 99%

Market Design for CO<sub>2</sub> Abatement in Coal-fired Power Industry Based on Combinatorial Auction

Fu¹

2019

IJEMA

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Market design is the core issue for reducing CO 2 emissions from coal-fired power industry, however the current carbon market has some deficiencies in this area. Utilizing the combinatorial auction way, this article proposed an enhanced carbon market special for power industry by complementing current cap-and-trade system. Concretely, the enhanced market design is improved by lower-and upper-bound price, combinatorial auction for carbon allowances initial allocation, carbon submarket trade, and electricity-environment coordinated regulation. In the enhanced market, generator competes for initial carbon allowances as a form of delivering a demand function to market organizer, which can be depicted as and settled by a stochastic linear programming model. Given the carbon allowances market supply curve (i.e., total initial allowances issued), environment regulator matches the market demand curve (i.e., through adding up those individual bid demand curves together) in a uniform market clearing price (MCP) way; by this means, initial carbon market equilibrium is reached. Under this enhanced mechanism, price of bidders is ordered according to their operational advantage, moreover, respective quantity of bid allowances is also sequenced in the same way. Comparing with current cap-and-trade system, the enhanced market design can efficiently motivate generator to reduce CO 2 emissions through controlling CO 2 intensity per sold MWh. Numerical simulation further verified the efficiency of this enhanced carbon market design.

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Equilibrium fuel supply and carbon credit pricing under market competition and environmental regulations: A California case study

Cited by 23 publications

References 41 publications

Hub-and-Spoke Logistics Network Considering Pricing and Co-Opetition

Hub-and-Spoke Logistics Network Considering Pricing and Co-Opetition

Evaluación energética y económica de la recuperación in situ de butanol aplicando vacío cíclico en un reactor con múltiples alimentaciones

Market Design for CO<sub>2</sub> Abatement in Coal-fired Power Industry Based on Combinatorial Auction

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Equilibrium fuel supply and carbon credit pricing under market competition and environmental regulations: A California case study

Cited by 23 publications

References 41 publications

Hub-and-Spoke Logistics Network Considering Pricing and Co-Opetition

Hub-and-Spoke Logistics Network Considering Pricing and Co-Opetition

Evaluación energética y económica de la recuperación in situ de butanol aplicando vacío cíclico en un reactor con múltiples alimentaciones

Market Design for CO&lt;sub&gt;2&lt;/sub&gt; Abatement in Coal-fired Power Industry Based on Combinatorial Auction

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Market Design for CO<sub>2</sub> Abatement in Coal-fired Power Industry Based on Combinatorial Auction