Market and economic modelling of the intelligent grid: interim report

Foster, John, Wagner, Liam, Wild, Phillip, Bell, William Paul, Zhao, Junhua and Froome, Craig (2011) Market and economic modelling of the intelligent grid: interim report :

Author Foster, John
Wagner, Liam
Wild, Phillip
Bell, William Paul
Zhao, Junhua
Froome, Craig
Title of report Market and economic modelling of the intelligent grid: interim report
Publication date 2011
Total pages 103
Language eng
Abstract/Summary The overall goal of Project 2 has been to provide a comprehensive understanding of the impacts of distributed energy (DG) on the Australian Electricity System. The research team at the UQ Energy Economics and Management Group (EEMG) has constructed a variety of sophisticated models to analyse the various impacts of significant increases in DG. These models stress that the spatial configuration of the grid really matters - this has tended to be neglected in economic discussions of the costs of DG relative to conventional, centralized power generation. The modelling also makes it clear that efficient storage systems will often be critical in solving transient stability problems on the grid as we move to the greater provision of renewable DG. We show that DG can help to defer of transmission investments in certain conditions. The existing grid structure was constructed with different priorities in mind and we show that its replacement can come at a prohibitive cost unless the capability of the local grid to accommodate DG is assessed very carefully.
Keyword Australian National Electricity Market
Australia
Climate change adaptation
Climate change mitigation
Renewable energy
Wind power
Policy
Queensland
Q-Index Code AX
Q-Index Status Provisional Code
Institutional Status UQ
Additional Notes http://ideas.repec.org/p/qld/uqeemg/11.html

Document type: Research Report
Collection: School of Economics Publications
 
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Created: Mon, 31 Mar 2014, 15:30:25 EST by Suzanne Scott on behalf of School of Economics