A non-technical introduction to the ANEMMarket model of the Australian National Electricity Market (NEM)
AbstractIn this paper, we provide an accessible introduction to our agent-based ANEMMarket simulation model of the Australian National Electricity Market. This model has been purpose built to assess the impacts of emissions trading schemes, carbon taxes and the introduction of significant new suppliers of electricity generated from low or zero carbon emitting generators. We provide an illustrative example that involves the simulation of the impacts of a range of carbon prices on the dispatch of power from different types of generators in different regional locations. From these we compute the resultant carbon reduction effects. However, these remain only illustrative simulations because they do not include a range of operative constraints that exist in reality.
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Bibliographic InfoPaper provided by School of Economics, University of Queensland, Australia in its series Energy Economics and Management Group Working Papers with number 03.
Date of creation: 2010
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-23 (All new papers)
- NEP-CMP-2010-10-23 (Computational Economics)
- NEP-ENE-2010-10-23 (Energy Economics)
- NEP-ENV-2010-10-23 (Environmental Economics)
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