This article examines various greenhouse gas scenarios for the electricity supply industry in the coal-rich state of Queensland. The authors use a dynamic partial equilibrium model of the Queensland electricity system to examine the effects of four alternate policy scenarios: a business-as-usual...

"Australia's National Electricity Market (NEM) has been a beacon for governments around the world considering power industry reform. However, while the energy-only NEM has served Australia well since 1998, deep structural supply-side faults exist. Competitive energy-only markets do not have a...

This article examines the effect of plant entry and exit in a deregulated 'energy only' electricity market. A partial equilibrium framework is presented that determines the optimal portfolio of base, intermediate and peaking plant for a given electricity load curve. An optimal result for...

"Australia has long been the beneficiary of low, stable power prices. A decade-long state of oversupply underpinned this result and while plant capital costs had been rising, the cost of capital had been declining. These offsetting effects locked the wholesale market into an average cost of...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>Australia has a deregulated national wholesale electricity market, a national network regulatory framework, but inconsistent state-based regulated retail price caps in workably competitive markets. This article finds that asymmetric information and the...</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>The Australian energy sector is nearing the end of an investment megacycle, which has driven above-trend electricity tariff increases. In this article, we combine energy market and demographic data and find that the dominant thought on customer hardship, aged...</p>

"Electricity generators accept that emissions trading is fundamental to meeting CO₂ reduction targets. But unless a percentage of permits are allocated, existing generators will face non-trivial wealth transfers. Seldom contemplated in academic works are the adverse economic consequences of an...