Technological Structure

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Erdong Zhao - One of the best experts on this subject based on the ideXlab platform.

  • how will auctioning impact on the carbon emission abatement cost of electric power generation sector in china
    Applied Energy, 2016
    Co-Authors: Liwei Liu, Xiaoru Sun, Chuxiang Chen, Erdong Zhao
    Abstract:

    China will enact a national emissions trading system in 2017. The rules for the initial allocation of emission allowances have not been settled yet. This paper assesses the effect of auctioning as an initial emission allowance allocation methods of the China electricity power generation sector. This study employs a combined model with modified Trans-log production function, dynamic simulation model and multi-objective linear programming to provide more realistic results. After estimating the optimal electric power sources Structure and Technological Structure under different auctioning rates, this paper calculates the abatement cost of the China’s electric power generation sector. When the allowance is free, the carbon shadow price will be 206.12Yuan/ton. When 5% allowance is auctioned, the price will be 216.91Yuan/ton. When the auctioning rate increases, the carbon emission abatement cost increases accordingly, as does the growth rate. The results also show that when the allowance auction rate is 5%, the marginal abatement costs for coal-fired power generation and clean power generation are 0.123Yuan/kWh and 0.121Yuan/kWh respectively, and thus, the total additional cost of the electric power generation sector will increase by 0.244Yuan/kWh, which would be a heavy burden to China’s electric power generation sector and the forward progress of auctioning in the near future may be hindered.

Liwei Liu - One of the best experts on this subject based on the ideXlab platform.

  • how will auctioning impact on the carbon emission abatement cost of electric power generation sector in china
    Applied Energy, 2016
    Co-Authors: Liwei Liu, Xiaoru Sun, Chuxiang Chen, Erdong Zhao
    Abstract:

    China will enact a national emissions trading system in 2017. The rules for the initial allocation of emission allowances have not been settled yet. This paper assesses the effect of auctioning as an initial emission allowance allocation methods of the China electricity power generation sector. This study employs a combined model with modified Trans-log production function, dynamic simulation model and multi-objective linear programming to provide more realistic results. After estimating the optimal electric power sources Structure and Technological Structure under different auctioning rates, this paper calculates the abatement cost of the China’s electric power generation sector. When the allowance is free, the carbon shadow price will be 206.12Yuan/ton. When 5% allowance is auctioned, the price will be 216.91Yuan/ton. When the auctioning rate increases, the carbon emission abatement cost increases accordingly, as does the growth rate. The results also show that when the allowance auction rate is 5%, the marginal abatement costs for coal-fired power generation and clean power generation are 0.123Yuan/kWh and 0.121Yuan/kWh respectively, and thus, the total additional cost of the electric power generation sector will increase by 0.244Yuan/kWh, which would be a heavy burden to China’s electric power generation sector and the forward progress of auctioning in the near future may be hindered.

Juan M Dominguez - One of the best experts on this subject based on the ideXlab platform.

  • an analysis of the Technological Structure of refineries and blenders estimation of the leontief multiproduct cost function and reservation prices
    REVISTA EQUIDAD Y DESARROLLO, 2015
    Co-Authors: Juan M Dominguez
    Abstract:

    The Leontief multiproduct flexible cost function aims to give an approach to the technology used by refineries and blenders. In general, this cost function satisfies rational behavior restrictions imposed by economic theory. The estimated marginal costs are incorporated in a monopolistic competition model to calculate the virtual prices of other products provided by refineries and blenders in the hypothetical situation in which reformulated gasoline is absent in fuel markets. I have found that conventional gasoline and other product prices are greater than those in the mentioned hypothetical case. This result reflects the fact that consumers are being charged with high prices in order to have available a fuel which satisfies the Environmental Protection Agency (EPA) regulations. Finally, when all the products become perfect substitutes, i.e. consumers are not interested in the quality of fuels, price differences tend to be negligibly small.

Domínguez, José Manuel - One of the best experts on this subject based on the ideXlab platform.

  • An Analysis of the Technological Structure of Refineries and Blenders: Estimation of the Leontief Multiproduct Cost Function and Reservation Prices
    2015
    Co-Authors: Domínguez, José Manuel
    Abstract:

    The Leontief multiproduct flexible cost function aims to give an approach to the technology used by refineries and blenders. In general, this cost function satisfies rational behavior restrictions imposed by economic theory. The estimated marginal costs are incorporated in a monopolistic competition model to calculate the virtual prices of other products provided by refineries and blenders in the hypothetical situation in which reformulated gasoline is absent in fuel markets. I have found that conventional gasoline and other product prices are greater than those in the mentioned hypothetical case. This result reflects the fact that consumers are being charged with high prices in order to have available a fuel which satisfies the Environmental Protection Agency (EPA) regulations. Finally, when all the products become perfect substitutes, i.e. consumers are not interested in the quality of fuels, price differences tend to be negligibly small.A função de custos flexíveis multiproduto de Leontief visa uma aproximação à tecnologia utilizada pelas refinarias e batedoras. Em geral, esta função de custos satisfaz as restrições de comportamento racionais impostas pela teoria econômica. Os custos marginais estimados se incorporam em um modelo de competência monopolística para calcular os preços virtuais dos rosou produtos oferecidos pelas refinarias e batedoras na situação hipotética na que a gasolina esteja ausente nos mercados de combustíveis. Chegou-se à conclusão de que a gasolina convencional e outros preços de produtos são maiores que no caso hipotético mencionado. Este resultado reflete o fato de que os consumidores estão assumindo a sobrecarga de preços altos, com o objetivo de ter um combustível disponível que se ajuste às regulações da Agência de Proteção Ambiental (EPA). Por último, quando todos os produtos se transformam em substitutos perfeitos, ou seja, os consumidores não estão interessados na qualidade dos combustíveis, as diferenças de preços tendem a ser insignificantes.La función de costos flexibles multiproducto de Leontief pretende una aproximación a la tecnología utilizada por las refinerías y batidoras. En general, esta función de costos satisface las restricciones de comportamiento racionales impuestas por la teoría económica. Los costos marginales estimados se incorporan en un modelo de competencia monopolística, para calcular los precios virtuales de los demás productos ofrecidos por las refinerías y batidoras en la situación hipotética en la que la gasolina esté ausente en los mercados de combustibles. Se ha encontrado que la gasolina convencional y otros precios de productos son mayores que en el caso hipotético mencionado. Este resultado refleja el hecho de que los consumidores están asumiendo la sobrecarga de precios altos, con el fin de tener un combustible disponible que se ajuste a las regulaciones de la Agencia de Protección Ambiental (EPA). Por último, cuando todos los productos se convierten en sustitutos perfectos, es decir, los consumidores no están interesados en la calidad de los combustibles, las diferencias de precios tienden a ser insignificantes

Chuxiang Chen - One of the best experts on this subject based on the ideXlab platform.

  • how will auctioning impact on the carbon emission abatement cost of electric power generation sector in china
    Applied Energy, 2016
    Co-Authors: Liwei Liu, Xiaoru Sun, Chuxiang Chen, Erdong Zhao
    Abstract:

    China will enact a national emissions trading system in 2017. The rules for the initial allocation of emission allowances have not been settled yet. This paper assesses the effect of auctioning as an initial emission allowance allocation methods of the China electricity power generation sector. This study employs a combined model with modified Trans-log production function, dynamic simulation model and multi-objective linear programming to provide more realistic results. After estimating the optimal electric power sources Structure and Technological Structure under different auctioning rates, this paper calculates the abatement cost of the China’s electric power generation sector. When the allowance is free, the carbon shadow price will be 206.12Yuan/ton. When 5% allowance is auctioned, the price will be 216.91Yuan/ton. When the auctioning rate increases, the carbon emission abatement cost increases accordingly, as does the growth rate. The results also show that when the allowance auction rate is 5%, the marginal abatement costs for coal-fired power generation and clean power generation are 0.123Yuan/kWh and 0.121Yuan/kWh respectively, and thus, the total additional cost of the electric power generation sector will increase by 0.244Yuan/kWh, which would be a heavy burden to China’s electric power generation sector and the forward progress of auctioning in the near future may be hindered.