The Australian Renewable Energy Target (RET) has spurred considerable investment in renewable electricity generation … electricity customers. Using time-series regression, we show that the increasing amount of wind energy has placed considerable … downward pressure on wholesale electricity prices through the so-called merit order effect. On the other hand, RET costs are …

Australian National Electricity Market’s (NEM) existing transmission grid from 2014 to 2025. This reports answers urgent … also use sensitivity analysis to evaluate the effect on wholesale spot prices of growth in electricity demand over the … ‘Australian National Electricity Market (ANEM) model version 1.10’ (Wild et al. 2015). We find divergence in the prices between …

Fuel price caps are one of the potential regulatory tools for controlling wholesale electricity prices when fuel prices … and clearing prices in spot market auctions. We then use data from the Australian National Electricity Market (NEM), which … findings suggest that fuel price caps can be binding, especially when electricity demand is lower and competition among …