Investigating the priority of market participants for low emission generation entry into the Australian grid

Hasan, Kazi Nazmul, Saha, Tapan Kumar and Eghbal, Mehdi (2014) Investigating the priority of market participants for low emission generation entry into the Australian grid. Energy, 71 445-455. doi:10.1016/j.energy.2014.04.095


Author Hasan, Kazi Nazmul
Saha, Tapan Kumar
Eghbal, Mehdi
Title Investigating the priority of market participants for low emission generation entry into the Australian grid
Journal name Energy   Check publisher's open access policy
ISSN 0360-5442
1873-6785
Publication date 2014-07-15
Year available 2014
Sub-type Article (original research)
DOI 10.1016/j.energy.2014.04.095
Open Access Status Not yet assessed
Volume 71
Start page 445
End page 455
Total pages 11
Place of publication London, United Kingdom
Publisher Elsevier
Language eng
Abstract Environment friendly policies and emission pricing schemes necessitate the integration of more and more renewable power into electricity grids. However, generation entry and transmission network development in a deregulated market depends on the cost and benefit of a project, where the system/market operator eventually decides the feasibility of investment. In this process, the priorities of market participants are overlooked in some cases. This paper investigates the preferences of market participants in evaluating renewable generation entry to the Australian National Electricity Market (NEM). The priorities of market participants have been investigated through a Multi-Attribute Decision Making (MADM) approach. The TOPSIS (Technique for Order Performance by Similarity to Ideal Solution) algorithm is used to rank the preferences. Optimal Power Flow (OPF) and economic optimization of the Queensland network of the Australian NEM have been simulated in PSS/E and the MATLAB/MatPower software platform. Simulation studies confirm that in the current scenario, gas fired power plants near to the grid will lead in the generation portfolio due to their low lead time, lower investment and dispatchability. Remotely located wind and geothermal power would only be competitive with the existing LRET (Large scale Renewable Energy Target) payments along with very high carbon emission prices.
Keyword Low emission generation
Net market benefit
Market participants
Priority ranking procedure
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

 
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