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Finding opportunity in economic power dispatch: Saving fuels without impacting retail electricity prices in fuel-producing countries
Energy Economics ( IF 13.6 ) Pub Date : 2024-08-20 , DOI: 10.1016/j.eneco.2024.107841 Marie Petitet , Frank A. Felder , Amro M. Elshurafa
Energy Economics ( IF 13.6 ) Pub Date : 2024-08-20 , DOI: 10.1016/j.eneco.2024.107841 Marie Petitet , Frank A. Felder , Amro M. Elshurafa
In many oil- and natural gas-producing countries, fuels are allocated to the electricity sector at administratively set prices below international market prices for domestic policy reasons. This article shows that dispatching power units based on the opportunity costs of domestically used fuels can yield significant efficiencies, while end-user electricity prices can continue to reflect administratively set fuel prices. In addition, opportunity cost dispatch can bring environmental benefits when it results in switching the priority of oil and gas units in the merit order and facilitating investments in renewable energy. Therefore, this approach can support long-term net-zero emission targets. It can also resolve cross-border electricity trading issues faced by fuel-rich countries, which are reluctant to base their electricity exports on domestic fuel prices.
中文翻译:
在经济电力调度中寻找机会:在不影响燃料生产国零售电价的情况下节省燃料
在许多石油和天然气生产国,出于国内政策原因,燃料以低于国际市场价格的行政定价分配给电力部门。本文表明,根据国内使用燃料的机会成本调度动力装置可以产生显著的效率,而最终用户的电价可以继续反映政府设定的燃料价格。此外,当机会成本调度导致改变石油和天然气单位的优先顺序并促进对可再生能源的投资时,它可以带来环境效益。因此,这种方法可以支持长期的净零排放目标。它还可以解决燃料丰富国家面临的跨境电力贸易问题,这些国家不愿意以国内燃料价格为基础进行电力出口。
更新日期:2024-08-20
中文翻译:
在经济电力调度中寻找机会:在不影响燃料生产国零售电价的情况下节省燃料
在许多石油和天然气生产国,出于国内政策原因,燃料以低于国际市场价格的行政定价分配给电力部门。本文表明,根据国内使用燃料的机会成本调度动力装置可以产生显著的效率,而最终用户的电价可以继续反映政府设定的燃料价格。此外,当机会成本调度导致改变石油和天然气单位的优先顺序并促进对可再生能源的投资时,它可以带来环境效益。因此,这种方法可以支持长期的净零排放目标。它还可以解决燃料丰富国家面临的跨境电力贸易问题,这些国家不愿意以国内燃料价格为基础进行电力出口。