Assessing "gas transition" pathways to low carbon electricity - An Australian case study

Applied Energy

Volumn 154, Issue , 2015, Pages 794-804

  Riesz, Jenny ^a   Vithayasrichareon, Peerapat ^a   MacGill, Iain ^a  

^a UNIVERSITY OF NEW SOUTH WALES   (Australia)

Author keywords

Electricity; Gas; Renewable

Indexed keywords

CARBON; ECONOMICS; ELECTRICITY; GALLIUM; GAS EMISSIONS; GLOBAL WARMING; GREENHOUSE GASES; INVESTMENTS;

ELECTRICITY INDUSTRY; GAS-FIRED GENERATION; GENERATION PORTFOLIOS; LOW-CARBON ELECTRICITIES; OPEN CYCLE GAS TURBINES; RENEWABLE; RENEWABLE ENERGY PENETRATIONS; RENEWABLE TECHNOLOGY;

COSTS;

CARBON EMISSION; COST-BENEFIT ANALYSIS; ELECTRICITY GENERATION; EMISSION CONTROL; ENVIRONMENTAL ECONOMICS; MONTE CARLO ANALYSIS; POLLUTION TAX; RENEWABLE RESOURCE;

AUSTRALIA;

EID: 84930615935     PISSN: 03062619     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.apenergy.2015.05.071     Document Type: Article

References (38)

1. IEA, Energy Technology Perspectives - Harnessing Electricity's Potential, International Energy Agency, 2014a.
2. IPCC, Fifth Assessment Report AR5, Intergovernmental Panel on Climate Change, 2014.
3. IEA, Tracking Clean Energy Progress 2014 - Energy Technology Perspectives 2014 Excerpt - IEA Input to the Clean Energy Ministerial, International Energy Agency, 2014b.
4. Shahnazari M., McHugh A., Maybee B., Whale J. Evaluation of power investment decisions under uncertain carbon policy: a case study for converting coal fired steam turbine to combined cycle gas turbine plants in Australia. Appl Energy 2014, 118:271-279.
5. Kelly S., Pollitt M. An assessment of the present and future opportunities for combined heat and power with district heating (CHP-DH) in the United Kingdom. Energy Policy 2010, 38(11):6936-6945.
6. Desideri U., Proietti S., Sdringola P., Cinti G., Curbis F. MCFC-based CO2 Capture system for small scale CHP plants. Int J Hydrogen Energy 2012, 37(24):19295-19303.
7. AEMO, Rooftop PV Information Paper - National Electricity Forecasting, Australian Energy Market Operator, Melbourne, 2012.
8. Australian Federal Treasury, Strong Growth, Low Pollution - Modelling a carbon price, Commonwealth of Australia, 2011.
9. Molyneaux L, Froome C, Wagner L, Foster J. Australian Power: Can renewable technologies change the dominant industry view? Energy Economics and Management Group Working Papers, School of Economics, University of Queensland, Australia, 2012.
10. AEMO, National Transmission Network Development Plan, Australian Energy Market Operator, 2012a. http://www.aemo.com.au/Electricity/Planning/National-Transmission-Network-Development-Plan.
11. Elliston B., MacGill I., Diesendorf M. Least cost 100% renewable electricity scenarios in the Australian National Electricity Market. Energy Policy 2013, 59:270-282.
12. AEMO, 100 per cent Renewables Study - Modelling Outcomes. Australian Energy Market Operator, 2013. http://www.climatechange.gov.au/sites/climatechange/files/documents/08_2013/100-percent-renewables-study-modelling-outcomes-report.pdf.
13. Connolly D., Lund H., Mathiesen B., Leahy M. The first step towards a 100% renewable energy-system for Ireland. Appl Energy 2011, 88(2):502-507.
14. Mathiesen B.V., Lund H., Karlsson K. 100% Renewable energy systems, climate mitigation and economic growth. Appl Energy 2011, 88(2):488-501.
15. Fais B., Blesl M., Fahl U., Voß A. Comparing different support schemes for renewable electricity in the scope of an energy systems analysis. Appl Energy 2014, 131:479-489.
16. Arent D., Pless J., Mai T., Wiser R., Hand M., Baldwin S., et al. Implications of high renewable electricity penetration in the U.S. for water use, greenhouse gas emissions, land-use, and materials supply. Appl Energy 2014, 123:368-377.
17. Bhattacharya A., Kojima S. Power sector investment risk and renewable energy: a Japanese case study using portfolio risk optimization method. Energy Policy 2012, 40:69-80.
18. Losekann L., Marrero G., Ramos-Real F., de Almeida E. Efficient power generating portfolio in Brazil: Conciliating cost, emissions and risk. Energy Policy 2013, 62:301-314.
19. Huang Y.-H., Wu J.-H. A portfolio risk analysis on electricity supply planning. Energy Policy 2008, 36:627-641.
20. Wu J.-H., Huang Y.-H. Electricity portfolio planning model incorporating renewable energy characteristics. Appl Energy 2014, 119:278-287.
21. Muñoz J.I., Sanchez de la Nieta A.A., Contreras J., Bernal-Agustín J.L. Optimal investment portfolio in renewable energy: the Spanish case. Energy Policy 2009, 37:5273-5284.
22. Doherty R., Outhred H., O'Malley M. Establishing the role that wind generation may have in future generation portfolios. IEEE Trans Power Syst 2006, 21:1415-1422.
23. Garnaut R. The Garnaut Review 2011 - Australia in the Global Response to Climate Change 2011, Cambridge University Press.
24. Stock A. Australia's Electricity Sector - Ageing, inefficient and unprepared. Climate Council of Australia Ltd., 2014.
25. BREE, Energy in Australia, Australian Government, Bureau of Resources and Energy Economics, 2013.
26. Vithayasrichareon P., MacGill I. A Monte Carlo based decision-support tool for assessing generation portfolios in future carbon constrained electricity industries. Energy Policy 2012, 41:374-392.
27. Vithayasrichareon P., Riesz J., MacGill I. Using renewables to hedge against future electricity industry uncertainties - an australian case study. Energy Policy 2015, 76:43-56.
28. Vithayasrichareon P., MacGill I. Assessing the value of wind generation in future carbon constrained electricity industries. Energy Policy 2013, 53:400-412.
29. BREE, Australian Energy Technology Assessment, Australian Government, Bureau of Resources and Energy Economics, 2012a. http://bree.gov.au/documents/publications/Australian_Energy_Technology_Assessment.pdf.
30. Finance BNE. Renewable energy now cheaper than new fossil fuels in Australia. Bloomberg New Energy Finance, 2013.
31. Bazilian M, Onyeji I, Liebreich M, MacGill I, Chase J, Shah J, Gielen D, Arent D, Landfear D, Zhengrong S. Reconsidering the Economics of Photovoltaic Power. Bloomberg New Energy Finance, 2012.
32. Bhavnagri K. Uncertainty: The new certainty. In: Clean Energy Week Conference, Bloomberg New Energy Finance, 2013.
33. Elliston B., MacGill I., Diesendorf M. Comparing least cost scenarios for 100% renewable electricity with low emission fossil fuel scenarios in the Australian National Electricity Market. Renewable Energy 2014, 66:196-204.
34. AEMO, Carbon Dioxide Equivalent Intensity Index, 28 May 2014. http://www.aemo.com.au/Electricity/Settlements/Carbon-Dioxide-Equivalent-Intensity-Index.
35. CCA, Reducing Australia's Greenhouse Gas Emissions - Targets and Progress Review - Final Report. Australian Government - Climate Change Authority, 2014.
36. Welsch M., Deane P., Howells M., Gallachóir B.Ó., Rogan F., Bazilian M., et al. Incorporating flexibility requirements into long-term energy system models - a case study on high levels of renewable electricity penetration in Ireland. Appl Energy 2014, 135:600-615.
37. Elliston B., Diesendorf M., MacGill I. Simulations of Scenarios with 100% renewable electricity in the Australian National Electricity Market. Energy Policy 2012, 45:606-613.
38. Wright M., Hearps P. Australian sustainable energy - zero carbon Australia Stationary Energy Plan 2010, Beyond Zero Emissions, Melbourne.