| Title |
Calculation of Optimal Fuel Mix Considering Emission Trading on Electricity Market |
| Authors |
Bal-Ho Kim ; Dong-Joo Kang ; Cha-Keun Kim ; Hak-Man Kim |
| Keywords |
Emissions Trading ; Fuel Mix ; Electric Market ; Emission Constraints |
| Abstract |
The Kyoto Protocol finally entered into force in 2008. In this respect, it is imperative to explore different options to reduce greenhouse gas emissions for developing countries under the framework of the Kyoto Protocol. One of the main sources of CO₂ gas emission is fossil fueled power plants, thereby emission reduction could be achieved by substituting fossil fuel by non-fossil fuel sources on electric power generation sector. This paper presents the method for evaluating the effectiveness of emissions trading by fuel mix change. The cost of Fuel mix is formulated considering the economic effects of emission trading in electricity market. And the optimal fuel mix is proposed under the given emission constraints. |