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Australia’s abundant supply of coal has underpinned its power system. Competing countries have used a variety of energy resources, which sees many of them now equipped with resilient power systems to provide future electrical power. This paper considers the implication of possible scenarios...
Persistent link: https://www.econbiz.de/10010827832
This paper, the final in a three part series examining the competitiveness of Australia’s power system, seeks to identify a pragmatic strategy to transition Australia to a resilient power economy at reasonable cost and in an age of uncertainty. The resilience of a country’s power economy...
Persistent link: https://www.econbiz.de/10010827835
This non-technical summary presents the findings and recommendations from the project called ‘Analysis of institutional adaptability to redress electricity infrastructure vulnerability due to climate change’. The objectives of the project are to examine the adaptive capacity of existing...
Persistent link: https://www.econbiz.de/10010827847
Electricity systems have generally evolved based on the natural resources available locally. Few metrics exist to compare the security of electricity supply of different countries despite the increasing likelihood of potential shocks to the power system like energy price increases and carbon...
Persistent link: https://www.econbiz.de/10009650598
Historically Australia’s ample supply of coal has underpinned its power system. Competing countries however have used a variety of different energy sources and, as a result of this diversity, many have a more resilient power system to provide future electrical power. this report looks at...
Persistent link: https://www.econbiz.de/10009645297
We seek to evaluate the extent of the pass through of increased fuel and carbon costs to wholesale prices with a shift of generation from coal-fired to gas-fired plants. Modelling of Australia's National Electricity Market in 2035 is undertaken using Australian Energy Market Operator assumptions...
Persistent link: https://www.econbiz.de/10010827827
We seek to evaluate the projection that a carbon price will reduce emissions at least cost by inducing a shift of generation from coal-fired to gas-fired plants. Modelling of Australia’s National Electricity Market in 2035 is undertaken using Australian Energy Market Operator assumptions for...
Persistent link: https://www.econbiz.de/10010827833
Whilst emissions trading systems are widely held to be able to deliver lowest-cost abatement, uncertainty reduces their effectiveness. We consider a new scheme, the Tender-Price Allocation Mechanism, which focuses carbon factor cost expenditure on abatement rather than just revenue transfers. It...
Persistent link: https://www.econbiz.de/10008752931
Economic stability is dependent on the effective functioning and resilience of energy systems. Resilience is a term used across all research disciplines and in everyday discourse. As a concept it purports to serve as a useful indicator of sustainability and robustness, but it has proved...
Persistent link: https://www.econbiz.de/10010891585
Australia’s plentiful supply of coal has defined the structure of its stationary energy power generation and consumption. Economies of scale derived from large coal-fired generation have enabled the supply of affordable electricity and encouraged investment in power intensive industries. As we...
Persistent link: https://www.econbiz.de/10010827828