Generation Capacity Expansion Planning in Deregulated Electricity ...

uwspace.uwaterloo.ca

Generation Capacity Expansion Planning in Deregulated Electricity ...

Optimal IRR, %

50%

45%

40%

35%

30%

25%

20%

15%

10%

5%

0%

5.E+05 1.E+06 5.E+06 1.E+07 5.E+07 1.E+08

Emission Cap, tons/year

Fig. 21 Effect of emission cap on the optimal value of IRR with MILP framework

Fig. 22 shows the net profit of the firm with change in the emission cap. It can be seen that up to an

emission cap of 5.0E+7 tons/year, the firm’s profit increases but after that it attains a steady state

level is unaffected by change in emission cap.

Present Worth of Total Profit, $

4.E+08

4.E+08

3.E+08

3.E+08

2.E+08

2.E+08

1.E+08

5.E+07

0.E+00

5.E+05 1.E+06 5.E+06 1.E+07 5.E+07 1.E+08

Emission Cap, tons/year

Fig. 22 Effect of emission cap on firm’s total profit with MILP framework

40

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