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http://dx.doi.org/10.5207/JIEIE.2009.23.5.050

Calculation of Optimal Fuel Mix Considering Emission Trading on Electricity Market  

Kim, Bal-Ho (홍익대학교 전자전기공학부)
Kang, Dong-Joo (홍익대학교 공대 전자전기공학부)
Kim, Cha-Keun (공주영상대학 영상연출과)
Kim, Hak-Man (인천시립대학 전기공학과)
Publication Information
Journal of the Korean Institute of Illuminating and Electrical Installation Engineers / v.23, no.5, 2009 , pp. 50-57 More about this Journal
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 $CO_2$ 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.
Keywords
Emissions Trading; Fuel Mix; Electric Market; Emission Constraints;
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