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Carbon capture by fossil fuel power plants / Özge Islegen in Management science, Vol. 57 N° 1 (Janvier 2011) 

Public ISBD [article]  in Management science > Vol. 57 N° 1 (Janvier 2011) . - pp. 21-39 Titre : Carbon capture by fossil fuel power plants : An economic analysis Type de document : texte imprimé Auteurs : Özge Islegen, Auteur ; Stefan Reichelstein, Auteur Année de publication : 2011 Article en page(s) : pp. 21-39 Note générale : Management Langues : Anglais (eng) Mots-clés : Cost–benefit  analysis  Environment  Pollution  Government  Energy  policies  Accounting  Natural  resources  Energy Index. décimale : 658 Organisation des entreprises. Techniques du commerce Résumé : For fossil fuel power plants to be built in the future, carbon capture and storage (CCS) technologies offer the potential for significant reductions in carbon dioxide (CO2) emissions. We examine the break-even value for CCS adoptions, that is, the critical value in the charge for CO2 emissions that would justify investment in CCS capabilities. Our analysis takes explicitly into account that the supply of electricity at the wholesale level (generation) is organized competitively in some U.S. jurisdictions, whereas in others a regulated utility provides integrated generation and distribution services. For either market structure, we find that emissions charges near $30 per tonne of CO2 would be the break-even value for adopting CCS capabilities at new coal-fired power plants. The corresponding break-even values for natural gas plants are substantially higher, near $60 per tonne. Our break-even estimates serve as a basis for projecting the change in electricity prices once carbon emissions become costly. CCS capabilities effectively put an upper bound on the increase in electricity prices resulting from carbon regulations, and we estimate this bound to be near 30% at the retail level for both coal and natural gas plants. In contrast to the competitive power supply scenario, however, these price increases materialize only gradually for a regulated utility. The delay in price adjustments reflects that for regulated firms the basis for setting product prices is historical cost, rather than current cost. DEWEY : 658 ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/cgi/content/abstract/57/1/21 [article] Carbon capture by fossil fuel power plants : An economic analysis [texte imprimé] / Özge Islegen, Auteur ; Stefan Reichelstein, Auteur . - 2011 . - pp. 21-39. Management Langues : Anglais (eng) in Management science > Vol. 57 N° 1 (Janvier 2011) . - pp. 21-39 Mots-clés : Cost–benefit  analysis  Environment  Pollution  Government  Energy  policies  Accounting  Natural  resources  Energy Index. décimale : 658 Organisation des entreprises. Techniques du commerce Résumé : For fossil fuel power plants to be built in the future, carbon capture and storage (CCS) technologies offer the potential for significant reductions in carbon dioxide (CO2) emissions. We examine the break-even value for CCS adoptions, that is, the critical value in the charge for CO2 emissions that would justify investment in CCS capabilities. Our analysis takes explicitly into account that the supply of electricity at the wholesale level (generation) is organized competitively in some U.S. jurisdictions, whereas in others a regulated utility provides integrated generation and distribution services. For either market structure, we find that emissions charges near $30 per tonne of CO2 would be the break-even value for adopting CCS capabilities at new coal-fired power plants. The corresponding break-even values for natural gas plants are substantially higher, near $60 per tonne. Our break-even estimates serve as a basis for projecting the change in electricity prices once carbon emissions become costly. CCS capabilities effectively put an upper bound on the increase in electricity prices resulting from carbon regulations, and we estimate this bound to be near 30% at the retail level for both coal and natural gas plants. In contrast to the competitive power supply scenario, however, these price increases materialize only gradually for a regulated utility. The delay in price adjustments reflects that for regulated firms the basis for setting product prices is historical cost, rather than current cost. DEWEY : 658 ISSN : 0025-1909 En ligne : http://mansci.journal.informs.org/cgi/content/abstract/57/1/21