Emission pricing and locational signal impact on generation portfolio in large scale Queensland network

IEEE Power and Energy Society General Meeting

Volumn , Issue , 2012, Pages

  Hasan, Kazi Nazmul ^a   Saha, Tapan Kumar ^a   Eghbal, Mehdi ^a  

^a UNIVERSITY OF QUEENSLAND   (Australia)

Author keywords

annual revenue; emission pricing; Generation investment; geothermal power generation; screening curve

Indexed keywords

ANNUAL REVENUE; CLEAN ENERGY; ELECTRICITY MARKET; ELECTRICITY PRICES; ENERGY MATRIX; GENERATION INVESTMENT; GENERATION PLANNING; GENERATION PORTFOLIOS; GENERATION RESOURCES; GEOTHERMAL POWER GENERATION; LOCATIONAL SIGNALS; MARKOV CHAIN MONTE CARLO; NATIONAL ELECTRICITY MARKETS; PLANNING HORIZONS; QUEENSLAND;

ALGORITHMS; COMMERCE; COSTS; ECONOMICS; ELECTRIC POWER GENERATION; ELECTRIC UTILITIES; ELECTRICITY; INVESTMENTS; PROFITABILITY;

ELECTRIC GENERATORS;

EID: 84870593832     PISSN: 19449925     EISSN: 19449933     Source Type: Conference Proceeding    
DOI: 10.1109/PESGM.2012.6345173     Document Type: Conference Paper

References (25)

1. AEMC, "Review of Energy Market Frameworks in light of Climate Change Policies," Sept. 2009.
2. Au-Gov.-Dept.-of-Climate-Change-and-Energy-Efficiency, "Clean Energy Bill 2011. [available] http://www.climatechange.gov.au/government/submissions/ clean-energy- legislative-package/cleanenergy-bill-2011.aspx," 2011.
3. th International Universities Power Engineering Conference, 2010, pp. 1-6.
4. B. Kuri and F. Li, "Allocation of emission allowances to effectively reduce emissions in electricity generation," in IEEE Power & Energy Society General Meeting, 2009, pp. 1-8.
5. 2 allowance & electricity price interaction. Available: http://www.iea.org/papers/2007/jr- price-interaction.pdf," 2007.
6. AEMO, "Chapter 04: NEM Generation Capacities - Electricity Statement of Opportunities," 2009.
7. "Queensland Geothermal Energy Centre of Excellence," The University of Queensland2010. http://www.uq.edu.au/geothermal/index.html.
8. D. Chattopadhyay, "Modeling Greenhouse Gas Reduction From the Australian Electricity Sector," IEEE Transactions on Power Systems, vol. 25, pp. 729-740, 2010.
9. C. Qixin, K. Chongqing, X. Qing, and Z. Jin, "Power Generation Expansion Planning Model Towards Low-Carbon Economy and Its Application in China," IEEE Transactions on Power Systems, vol. 25, pp. 1117-1125, 2010.
10. X. Q. Ji, F. S. Wen, Y. S. Xue, and Z. P. Liu, "Generation investment evaluation in emission trading environment," IET Generation, Transmission & Distribution, vol. 5, pp. 781-787, 2011.
11. K. O. Wong, T. K. Saha, and Z. Y. Dong, "Evaluation of New Generation Entry in A Deregulated Electricity Market," in IEEE Power Engineering Society General Meeting, 2007, pp. 1-7.
12. P. A. J. Fonseka, T. K. Saha, and Z. Y. Dong, "A Price-Based Approach to Generation Investment Planning in Electricity Markets," IEEE Transactions on Power Systems, vol. 23, pp. 1859-1870, 2008.
13. AEMC, "Comprehensive Reliability Review, Final Report," December 2007. www.aemc.gov.au/Media/docs/CRR%20Final% 20Report-38a00b90-adfe- 480b-b27e-1dd11e6ce 54f-0.pdf.
14. S. Stoft, "The demand for operating reserves: key to price spikes and investment," IEEE Transactions on Power Systems, vol. 18, pp. 470-477, 2003.
15. The-Australian-Energy-Market-Commission, "Impacts of the CPRS and the expanded RET on energy markets : AEMC Review of Energy Market Frameworks in light of Climate Change Policies," AEMC30 Sept. 2009.
16. AEMO, "2011 Electricity Statement of Opportunities for the National Electricity Market," Sept. 2011.
17. S. Stoft, "Power System Economics: Designing Markets for Electricity ", 1st ed: Wiley-IEEE Press, 2002.
18. K. N. Hasan, T. K. Saha, and M. Eghbal, "Modelling Uncertainty in Renewable Generation Entry to Deregulated Electricity Market," in The Australasian Universities Power Engineering Conference, Brisbane, Australia, September 25 - 28, 2011.
19. PowerLink, "Annual Planning Report, 2011. Available: http://www.powerlink.com.au/asp/index.asp?sid=5056&page=Corporate/ Documents&cid=5250&gid=623," 2011.
20. ACIL-Tasman, "Draft Report : Fuel resource, new entry and generation costs in the NEM," 13 February, 2009.
21. Intelligent-Energy-Systems, "Scenario Modelling for Energy White Paper - Modelling Methodology. Available: http://www.aemo.com.au/planning/0400- 0020.pdf," 2010.
22. Cost-of-Wind-Power, "Wind Power and Wind Farms in Australia.Available: http://ramblingsdc.net/Australia/WindPower.html#Cost-of- wind-power," 2011.
23. SKM, "Economic Impact Assessment of the Hallett Wind Farms. Available : http://www.agl.com.au/Downloads/ AGL%20Final%20Economic%20Impact%20Report.pdf,"July 2010.
24. Delloitte, "Economics of wind development in New Zealand. Available : http://www.windenergy.org.nz/documents/economicsnz.pdf," March, 2011.
25. "Australian National Electricity Market: NEM Power Stations and Generation Sources. available : http://maps.google.com.au/maps/ms?msa= 0&msid=206732527402182449027.00045aeaed1f 5012d834a. 2011."