The Environmental Impacts of Fuel Switching Electricity Generators
研究了纽约市发电机从燃油转向天然气对污染排放的影响，发现排放显著下降，并模拟了实时电价政策的环境效益因此减少近30%。
We examine the environmental and policy impacts of switching from oil-fired to natural gas-fired generation in New York City (NYC). We create an hourly panel of the fuel use of NYC’s generators and use a semi-parametric approach to identify the fuel-price spread that induces the switch from oil to gas. We find that NYC’s pollution emissions decrease significantly after generators switch to natural gas. Around two-thirds of these emission reductions come from reduced emission intensity within plants, while the remaining third comes from less intense dispatch of oil fired generators. To illustrate the policy impact, we simulate the introduction of a real time pricing (RTP) program in NYC. The results suggest that the environmental benefits of the RTP decreased by nearly 30% due largely to fuel switching. While we focus on RTP, these results can be used to evaluate any energy policy that has a heterogeneous impact across time or the demand profile.