Abstract
The greenhouse gas emission allowance trading scheme, agreed upon by the European Community, will affect energy-intensive companies, and especially power generators, all over Europe. The objective of this paper is therefore to present the development and application of a model for the interregional electricity and certificate market. The model results show that German power companies will become net sellers of emission allowances, and that electricity production in gas-fired combined cycle gas turbines (CCGT) could increase drastically in the next years.
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