Research on Electric Power Industry under the Implementation of U.S. Regional Carbon Emission Market

Abstract

Electric power industry is a large carbon emission source sector in U.S which account for 33% of the total emission, so there is a close connection between electric power industry and regional carbon emission market. In this study we take the U.S. Regional Greenhouse Gas Initiative as an example to analyze the how regional carbon emission market impact electric power industry on spot market, investment of power generation and interregional power market transactions. And then further analyze the reaction of electric power industry in regional carbon emission market. The research on U.S. will provide valuable experience for China’s national carbon emission market and electricity market.