Carbon Tax and Renewable Energy Diffusion in the Deregulated Texas Electricity Market: An Agent-Based AnalysisReport as inadecuate




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In the United States, emission regulationsare enacted at a state level; individual states are allowed to define what methodsthey will use to mitigate their carbon emissions. The consequence of this isespecially interesting in the state of Texas where new legislation has createda -deregulated- electricity market in which end-users are capable of choosingtheir electricity provider and subsequently the type of electricity they wishto consume generated by fossil fuels or renewable sources. In this paper weanalyze the effects of carbon tax on the development of renewable generationcapacity at the utility level while taking into account expected adoption ofrooftop PV systems by individual consumers using agent based modelingtechniques. Monte Carlo simulations show carbon abatement trends and profferupdated renewable portfolio standards at various levels of likelihood.

KEYWORDS

Deregulated Electricity Market, Rebewable Adoption, Agent-Based Modeling, Monte Carlo Simulation

Cite this paper

Halperin, J. and Tsai, I. 2015 Carbon Tax and Renewable Energy Diffusion in the Deregulated Texas Electricity Market: An Agent-Based Analysis. Journal of Power and Energy Engineering, 3, 384-393. doi: 10.4236-jpee.2015.34052.





Author: Joshua D. Halperin, I-Tsung Tsai

Source: http://www.scirp.org/



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