Interacting policies in power systems: Renewable subsidies and a carbon tax

Citation data:

The Electricity Journal, ISSN: 1040-6190, Vol: 30, Issue: 6, Page: 80-84

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Vivek Bhandari, Anthony M. Giacomoni, Bruce F. Wollenberg, Elizabeth J. Wilson
Elsevier BV
Business, Management and Accounting, Energy, Social Sciences
article description
Without careful planning and design, energy policies like carbon taxes and renewable subsidies like production tax credits undercut one another in unanticipated ways. We examine how a carbon tax interacts with PTCs by simulating an electricity market using the IEEE RTS model with a carbon tax of $38/tonCO2e and a PTC of $23/MWh. The results show that PTCs work against the carbon tax by both lowering average energy prices and altering the generator dispatch.

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