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dc.contributor.author
Dandanidis, Georgios
en
dc.date.accessioned
2015-06-16T13:01:41Z
dc.date.available
2015-09-27T05:57:51Z
dc.date.issued
2015-06-16
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/382
dc.rights
Default License
dc.title
The impact of emissions trading on electricity investments and prices
en
heal.type
masterThesis
heal.keyword
Emissions trading--Economic aspects
en
heal.keyword
Electricity--Economic aspects
en
heal.keyword
Dissertations, Academic
en
heal.language
en
heal.access
free
el
heal.license
http://creativecommons.org/licenses/by-nc/4.0
heal.recordProvider
School of Science and Technology, MSc in Energy Systems
heal.publicationDate
2011-10
heal.bibliographicCitation
Dandanidis, Georgios, 2011, The impact of emissions trading on electricity investments and prices, Master's Dissertation, International Hellenic University
en
heal.abstract
This dissertation was written as a part of the MSc in Energy Systems at the Interna-tional Hellenic University. The purpose of this thesis is to provide a brief survey on the impacts of the European Union’s Emissions Trading Scheme (EU ETS) on electricity in-vestments and prices with greater focus on wholesale and retail prices. About the half of the dissertation is involved with important findings of the literature review about the impact of EU ETS on electricity investments and prices. Then, the lib-eralization process in the European electricity sector is discussed and issues about the interconnection between competitiveness and EU ETS are addressed. The main trading methods in energy market in which carbon emissions rights and related products are traded, follows. Additionally, information and characteristics of wholesale electricity market, in which the carbon emissions rights are traded, are elaborated. Furthermore, some important characteristics of the retail electricity market are discussed, accompa-nied with the impact of EU ETS on retail prices and why it is different from the impact on wholesale prices. Finally, is exhibited the effectiveness of price increases due to emissions trading scheme and some findings about the impact of EU ETS on energy sector investments.
en
heal.tableOfContents
ABSTRACT ...................................................................................................................... IV CONTENTS ........................................................................................................................ V LIST OF ABBREVIATIONS .............................................................................................. VII LIST OF FIGURES ............................................................................................................ IX LIST OF TABLES ............................................................................................................. XII 1 INTRODUCTION .......................................................................................................... 1 1.1 BACKGROUND OF EMISSIONS TRADING ........................................................................ 1 1.2 GENERAL BACKGROUND ........................................................................................... 2 1.3 THE FUNDAMENTALS OF THE EU ETS .......................................................................... 4 1.4 OBJECTIVES AND THESIS STRUCTURE ........................................................................... 7 2 LITERATURE REVIEW .................................................................................................. 9 2.1 LITERATURE REVIEW ................................................................................................ 9 2.1.1 Review Studies and Studies Using Empirical Data ................................. 9 2.1.2 Modeling Studies ................................................................................. 25 2.2 SUMMARY AND CONCLUSIONS ................................................................................. 44 2.2.1 Review Studies and Studies Using Empirical Data ............................... 44 2.2.2 Modeling Studies ................................................................................. 46 3 LIBERALIZATION OF THE EUROPEAN ELECTRICITY SECTOR .................................... 50 3.1 LIBERALIZATION OF THE ENERGY MARKET ................................................................... 50 3.2 SITUATION IN MEMBER STATES................................................................................ 52 3.3 COMPETITIVENESS IN THE EUROPEAN ENERGY MARKETS ................................................ 53 3.4 CONCLUSIONS ...................................................................................................... 55 4 TRADING IN ENERGY MARKET - TRADING METHODS ............................................ 57 5 WHOLESALE ELECTRICITY MARKET .......................................................................... 61 -vi- 5.1 THE EUROPEAN ELECTRICITY MARKET – CAPACITY, GENERATION AND CONSUMPTION ......... 61 5.2 WHOLESALE ELECTRICITY PRICES AND CONVERGENCE ................................................... 63 5.3 MARKET DOMINANCE ............................................................................................ 65 5.4 CONCLUSIONS ...................................................................................................... 67 6 RETAIL ELECTRICITY MARKET .................................................................................. 69 6.1 EVOLUTION OF ELECTRICITY PRICES FOR HOUSEHOLD AND INDUSTRIAL CONSUMERS ............ 69 6.2 REGULATED ELECTRICITY PRICES FOR END-USERS ......................................................... 75 6.3 MARKET STRUCTURE ............................................................................................. 77 6.4 EVOLUTION OF SWITCHING RATES ............................................................................ 78 6.5 CONCLUSIONS ...................................................................................................... 80 7 IMPACT OF THE EU ETS AND EFFECTIVENESS OF PRICE INCREASES ...................... 83 7.1 EFFECTIVENESS OF PRICE INCREASES DUE TO EU ETS ................................................... 83 7.2 IMPACT OF EU ETS ON ENERGY SECTOR INVESTMENTS ................................................. 84 8 SUMMARY AND CONCLUSIONS .............................................................................. 85 BIBLIOGRAPHY ............................................................................................................... 89 APPENDIX ....................................................................................................................... 95
en
heal.advisorName
Sardi, Aikaterini
en
heal.committeeMemberName
Zachariadis, Theodoros
en
heal.committeeMemberName
Papadopoulos, Agis
en
heal.committeeMemberName
Nomikos, Nikolaos
en
heal.academicPublisher
School of Science &Technology, Master of Science (MSc) in Energy Systems
en
heal.academicPublisherID
ihu
heal.numberOfPages
107
heal.fullTextAvailability
true


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