We examine different scenarios with large amounts of intermittent generation to achieve close to a 100% renewable electricity market in New Zealand. We use a cost based dispatch model to simulate market prices. Previous modelling has estimated electricity prices using the Long Run Marginal Cost...

Using a computer agent based model I compute market power rents in the New Zealand electricity market over the period 2010–2016 and find that these are substantial. Over the 7-year period of the study, total simulated market revenue is $15.2 billion and simulated competitive revenue, using...

In this study, we examine the economic impacts of net zero-emission target in New Zealand, applying an integrated forest-computable general equilibrium model. The model is set to simulate equilibrium carbon permit price and sectoral output levels given the emission trading market, which is also...

We analyze the effects of the adoption of real-time pricing (RTP) of electricity when generating firms have market power. We find that an increase in consumers on RTP contracts decreases peak prices and increases off-peak prices, increases consumer surplus (both for switching and non-switching...

Modelling price formation in electricity markets is a notoriously difficult process, due to physical constraints on electricity generation and flow. This difficulty has inspired the recent development of bottom-up agent-based models of electricity markets. While these have proven quite...

The New Zealand Government has a goal of a 100% renewable electricity system by 2035. Wind generation is expected to play a major role in achieving this target. However, there is limited public data on current and potential wind generation. We use the Renewables.ninja model to simulate wind...