Modeling Alternative Energies.

Abstract

This article presents a study of different incentive policies to encourage the development of renewable energy (RE). These incentive policies (carbon tax, feed-in tariff, premium payment and quota system) are modeled in a simplified radial power network, using an oligopolistic Cournot competitive framework. Nodal price differences among the different incentive schemes are identified, when considering the same level of RE penetration. As well, RE penetration differences among the different incentive schemes are identified, when considering the same target for carbon emissions.