8 April 22 Renewables - 0 0 50 100 PRICE1 100 150 PRICE1 200 300 200 400 250 500 HOUR1 WednesdayFriday 0 5000 10000 cummw 15000 20000 0 5000 10000 cummw

8 April 22 Renewables - 0 0 50 100 PRICE1 100 150 PRICE1...

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4/22/2014 1 HOUR 1 Wednesday Friday Demand : 12,505 MW Price : $47.00 Demand : 12,505 MW Price: $64.42 0 100 200 300 400 500 PRICE1 0 5000 10000 15000 20000 cummw 0 50 100 150 200 250 PRICE1 0 5000 10000 15000 20000 cummw HOUR 2 Wednesday Friday Demand : 17,450 MW Price : $105.44 Demand : 17,450 MW Price : $84.00 0 100 200 300 400 500 PRICE2 0 5000 10000 15000 20000 cummw 0 100 200 300 PRICE2 0 5000 10000 15000 20000 cummw
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4/22/2014 2 HOUR 3 Wednesday Friday Demand : 19,276 MW Price : $450 Demand : 19,276 MW Price : $400 0 100 200 300 400 500 PRICE3 0 5000 10000 15000 20000 cummw 0 100 200 300 400 500 PRICE3 0 5000 10000 15000 20000 cummw HOUR 4 Wednesday Friday Demand : 14,950 MW Price : $65 Demand : 14,950 MW Price : $74.79 0 100 200 300 400 500 PRICE4 0 5000 10000 15000 20000 cummw 0 100 200 300 PRICE4 0 5000 10000 15000 20000 cummw
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4/22/2014 3 How are auction results summarized in California? The Air Resources Board (ARB) held its first auction of greenhouse gas allowances (GHG) on November 14, 2012. The auction included a Current Auction of 2013 vintage allowances and an Advance Auction of 2015 vintage allowances. Below are key data and information on the results of the auction Current Auction of 2013 Vintage Allowances Total 2013 Allowances Available for Sale: 23,126,110 Auction Reserve Price: $10.00 Settlement Price Per Allowance: $10.09 Allowances Purchased by Compliance Entities: 97.0% Bid Price Summary Statistics Maximum Price: $91.13 Minimum Price: $10.00 Wednesday auction results The Air Resources Board (ARB) held its first auction of greenhouse gas allowances (GHG) on November 14, 2012. The auction included a Current Auction of 2013 vintage allowances and an Advance Auction of 2015 vintage allowances. Below are key data and information on the results of the auction Current Auction of 2013 Vintage Allowances Total 2013 Allowances Available for Sale: 13,836 Auction Reserve Price: $0.00 Settlement Price Per Allowance: $0.00 Allowances Purchased by Compliance Entities: 6300 Bid Price Summary Statistics Maximum Price: $150 Minimum Price: $8.93
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4/22/2014 4 Friday auction results The Air Resources Board (ARB) held its first auction of greenhouse gas allowances (GHG) on November 14, 2012. The auction included a Current Auction of 2013 vintage allowances and an Advance Auction of 2015 vintage allowances. Below are key data and information on the results of the auction Current Auction of 2013 Vintage Allowances Total 2013 Allowances Available for Sale: 16,244 Auction Reserve Price: $0.00 Settlement Price Per Allowance: $100.00 Allowances Purchased by Compliance Entities: 13,592 Bid Price Summary Statistics Maximum Price: $110 Minimum Price: $6.60 Karen found one error in the slides that has now been corrected. In one example, I accidentally use BAU versus the emissions cap. All other explanations (lecture notes + bCourses) should be correct.
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4/22/2014 5 So far – emissions at or below the cap! 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 Wed Fri CAP EMISSIONS Reduction in emissions intensity 0 0.1 0.2 0.3 0.4 0.5 0.6 0 5000 10000 15000 20000 25000 Emissions rate (tons/MWh) Load WED FRI WED_CAP FRI_CAP
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