Impact of climate change on Taiwanese power market determined using linear complementarity model
Journal
Applied Energy
Journal Volume
102
Pages
432-439
Date Issued
2013
Author(s)
Abstract
The increase in the greenhouse gas concentration in the atmosphere causes significant changes in climate patterns. In turn, this climate change affects the environment, ecology, and human behavior. The emission of greenhouse gases from the power industry has been analyzed in many studies. However, the impact of climate change on the electricity market has received less attention. Hence, the purpose of this research is to determine the impact of climate change on the electricity market, and a case study involving the Taiwanese power market is conducted. First, the impact of climate change on temperature is estimated. Next, because electricity demand can be expressed as a function of temperature, the temperature elasticity of demand is measured. Then, a linear complementarity model is formulated to simulate the Taiwanese power market and climate change scenarios are discussed. Therefore, this paper establishes a simulation framework for calculating the impact of climate change on electricity demand change. In addition, the impact of climate change on the Taiwanese market is examined and presented. © 2012 Elsevier Ltd.
Subjects
Climate change; Electricity demand; Taiwanese power market
Other Subjects
Commerce; Electric industry; Electricity; Greenhouse gases; Climate change scenarios; Climate patterns; Elasticity of demand; Electricity demands; Electricity market; Gas concentration; Human behaviors; Linear complementarity; Power industry; Power markets; Simulation framework; Climate change scenarios; Climate patterns; Elasticity of demand; Electricity demands; Electricity market; Gas concentration; Human behaviors; Linear complementarity; Power industry; Power markets; Simulation framework; Climate change; analytical framework; climate change; complementarity; electricity generation; electricity supply; energy efficiency; greenhouse gas; temperature effect; climate change; climate effect; complementarity; demand-side management; electrical power; energy market; greenhouse gas; human behavior; Taiwan; Taiwan
Type
journal article