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The impac t of carbon prices on CCS investment in South East Europe

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  • Alfredo Viskovic
  • Vladimir Valentic
  • Vladimir Franki

Abstract

The aim of this paper is to analyze the feasibility of a new entrant power plant based on coal with an installed Carbon Capture and Storage (CCS) system. The plant will be analysed as an Independent Power Producer (IPP) based in Croatia and therefore a part of the South East European Regional Electricity Market (SEE REM) and a member of EU Emission Trading Scheme (EU ETS) obligated to pay for its emissions through Emission Unit Allowances (EUA). Long Run Marginal Cost (LRMC) of the plant will be calculated and certain sensitivities included. By using a market simulator of the region and implementing the model of the plant in question, the performance of the power plant on the electricity market is evaluated and the influences of different emission prices are analyzed. The research results in a prediction of the price of EUA at which a CCS coal-fired power plant becomes economically justified.

Suggested Citation

  • Alfredo Viskovic & Vladimir Valentic & Vladimir Franki, 2013. "The impac t of carbon prices on CCS investment in South East Europe," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2013(3), pages 91-120.
    • Handle: RePEc:fan:efeefe:v:html10.3280/efe2013-003004
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    References listed on IDEAS

    as
    1. Vailati, Riccardo, 2009. "Electricity transmission in the energy community of South East Europe," Utilities Policy, Elsevier, vol. 17(1), pages 34-42, March.
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    Citations

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    Cited by:

    1. Višković, Alfredo & Franki, Vladimir & Valentić, Vladimir, 2014. "Effect of regulation on power-plant operation and investment in the South East Europe Market: An analysis of two cases," Utilities Policy, Elsevier, vol. 30(C), pages 8-17.
    2. Franki, Vladimir & Višković, Alfredo, 2021. "Multi-criteria decision support: A case study of Southeast Europe power systems," Utilities Policy, Elsevier, vol. 73(C).
    3. Višković, Alfredo & Franki, Vladimir & Valentić, Vladimir, 2014. "CCS (carbon capture and storage) investment possibility in South East Europe: A case study for Croatia," Energy, Elsevier, vol. 70(C), pages 325-337.

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    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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