top
Articles
  • OpenAccess
  • Effect of Carbon Price Floor on Levelised Cost of Gas-Fired Generation Technology in the UK  [CET 2016]
  • DOI: 10.4236/wjet.2016.43D009   PP.66 - 71
  • Author(s)
  • Tianxiang Luan, Kwoklum Lo
  • ABSTRACT
  • The UK government implements carbon price floor to provide long-term incentive to invest in low-carbon technology, thus, fossil-fuel power plants have to face increasing carbon price. This report addresses the effect of carbon price floor on levelised cost of gas-fired generation technology through the levelised cost of electricity (LCOE) ap-proach with the estimation of carbon price floor. Finally, the comparison of levelised cost of electricity for all generation technology in the UK will be shown and discussed.
  • KEYWORDS
  • Carbon Price, Levelised Cost, Gas-Fired Power Plant
  • References
  • [1]
    UNFCCC. Background on the UNFCCC: The International Response to Climate Change.
    http://unfccc.int/essential_background/items/6031.php
    [2]
    The European Union (2013) The EU Emissions Trading System (EU ETS). 6.
    [3]
    Holub, P. and Buildings, C. Using Eu Ets Auctioning.
    [4]
    Ares, E. (2013) Carbon Price Floor. House Commons Libr., 1-9.
    [5]
    DECC(G). Control Framework for DECC Levy-Funded Spending Questions and Answers.
    [6]
    DECC (2011) The UK’s Na-tional Implementation Measures for Phase III of the EU Emissions Trading System. 2.
    [7]
    House of Commons (2012) The EU Emissions Trading System—Volume II: Written Evidence. 41.
    [8]
    IEA NEA OECD (2015) Projected Costs of Generating Electricity 2015. IEA OECD NEA.
    [9]
    Evans, S. The UK’s CO2 Emissions Fell by 4.3% in 2015. Carbon Brief.
    http://www.carbonbrief.org/analysis-uk-emissions-fall-again-after-record-drop-in-coal-use-in-2015
    [10]
    HM Revenue & Customs (2014) Carbon Price Floor: Reform and Other Technical Amend- ments Operative Date. 4.
    [11]
    T.S. Government. UK Carbon Price Floor and Carbin Price Support Mechanism.
    http://www.gov.scot/Topics/Environment/climatechange/ukandeuclimatechange/Carbon-Price-Floor
    [12]
    Aldrige, J. and Straw, W. (2015) Scuttling Coal.

Engineering Information Institute is the member of/source content provider to

http://www.scirp.org http://www.hanspub.org/ http://www.crossref.org/index.html http://www.oalib.com/ http://www.ebscohost.com/ http://www.proquest.co.uk/en-UK/aboutus/default.shtml http://ip-science.thomsonreuters.com/cgi-bin/jrnlst/jlresults.cgi?PC=MASTER&Full=journal%20of%20Bioequivalence%20%26%20Bioavailability http://publishers.indexcopernicus.com/index.php