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Under China's current energy-saving power generation dispatching methods, power generation units commitment is determined by the specific fuel consumption instead of bidding prices of the units. The results of sorting by fuel consumption and by prices are not the same, so it may not achieve the goals of emission reduction, energy saving and economics at the same time. This paper estimates the environmental...
Because of high generation adequacy standards in the power industry, some peaking capacity operates for a limited time during the year and may not receive sufficient energy revenues to meet its fixed costs. This is particularly true when energy prices are capped in order to mitigate market power. The northeastern U.S. independent system operators (ISOs) have responded to this issue by establishing...
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