Impact of carbon prices on wholesale electricity prices and carbon pass-through rates in the Australian national electricity market

Wild, Phillip, Bell, William Paul and Foster, John (2015) Impact of carbon prices on wholesale electricity prices and carbon pass-through rates in the Australian national electricity market. The Energy Journal, 36 3: 137-153. doi:10.5547/01956574.36.3.pwil

Attached Files (Some files may be inaccessible until you login with your UQ eSpace credentials)
Name Description MIMEType Size Downloads

Author Wild, Phillip
Bell, William Paul
Foster, John
Title Impact of carbon prices on wholesale electricity prices and carbon pass-through rates in the Australian national electricity market
Journal name The Energy Journal   Check publisher's open access policy
ISSN 0195-6574
1944-9089
Publication date 2015-07-01
Year available 2015
Sub-type Article (original research)
DOI 10.5547/01956574.36.3.pwil
Open Access Status File (Publisher version)
Volume 36
Issue 3
Start page 137
End page 153
Total pages 17
Place of publication Cleveland, OH United States
Publisher International Association for Energy Economics
Language eng
Abstract This paper investigates the effect of a carbon price on wholesale electricity prices and carbon-pass-through rates in the states comprising the Australian National Electricity Market (NEM). The methodology utilize an agent-based model, which contains many features salient to the NEM including intra-state and inter-state transmission branches, regional location of generators and load centres and accommodation of unit commitment features. The model uses a Direct Current Optimal Power Flow (DC OPF) algorithm to determine optimal dispatch of generation plant, power flows on transmission branches and wholesale prices. The results include sensitivity analysis of carbon prices on wholesale prices and carbon pass-through rates for different states within the NEM.
Formatted abstract
This paper investigates the effect of a carbon price on wholesale electricity prices and carbon-pass-through rates in the states comprising the Australian National Electricity Market (NEM). The methodology utilize an agent-based model, which contains many features salient to the NEM including intra-state and inter-state transmission branches, regional location of generators and load centres and accommodation of unit commitment features. The model uses a Direct Current Optimal Power Flow (DC OPF) algorithm to determine optimal dispatch of generation plant, power flows on transmission branches and wholesale prices. The results include sensitivity analysis of carbon prices on wholesale prices and carbon pass-through rates for different states within the NEM.
Keyword Agent based model
Australian national electricity market
Carbon pass through
Carbon price
DC OPF algorithm
Climate change adaptation
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2016 Collection
School of Economics Publications
 
Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in Thomson Reuters Web of Science Article
Google Scholar Search Google Scholar
Created: Wed, 03 Dec 2014, 02:15:28 EST by Mr Paul Bell on behalf of School of Economics