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Market and Economic Modelling of the Intelligent Grid: End of Year Report 2010

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Author Info

  • John Foster

    ()
    (Department of Economics, University of Queensland)

  • Liam Wagner

    ()
    (Department of Economics, University of Queensland)

  • Phil Wild

    ()
    (Department of Economics, University of Queensland)

  • Junhua Zhao

    (Department of Economics, University of Queensland)

  • Lucas Skoofa
  • Craig Froome

    ()

  • Ariel Liebman

    ()
    (Department of Economics, University of Queensland)

Abstract

The overall goal of Project 2 has been to provide a comprehensive understanding of the impacts of distributed energy (DG) on the Australian Electricity System. The research team at the UQ Energy Economics and Management Group (EEMG) has constructed a variety of sophisticated models to analyse the various impacts of significant increases in DG. These models stress that the spatial configuration of the grid really matters - this has tended to be neglected in economic discussions of the costs of DG relative to conventional, centralized power generation. The modelling also makes it clear that efficient storage systems will often be critical in solving transient stability problems on the grid as we move to the greater provision of renewable DG. We show that DG can help to defer of transmission investments in certain conditions. The existing grid structure was constructed with different priorities in mind and we show that its replacement can come at a prohibitive cost unless the capability of the local grid to accommodate DG is assessed very carefully.

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File URL: http://www.uq.edu.au/eemg/docs/workingpapers/10.pdf
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Bibliographic Info

Paper provided by School of Economics, University of Queensland, Australia in its series Energy Economics and Management Group Working Papers with number 10.

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Length:
Date of creation: Dec 2011
Date of revision:
Handle: RePEc:qld:uqeemg:10

Contact details of provider:
Postal: St. Lucia, Qld. 4072
Phone: +61 7 3365 6570
Fax: +61 7 3365 7299
Email:
Web page: http://www.uq.edu.au/eemg
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Related research

Keywords: Distributed Generation. Energy Economics; Electricity Markets; Renewable Energy;

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References

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  1. Paul Edward Simshauser & Phillip Wild, 2009. "The Western Australian Power Dilemma," Energy Economics and Management Group Working Papers 2-2009, School of Economics, University of Queensland, Australia.
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  12. Carley, Sanya, 2009. "Distributed generation: An empirical analysis of primary motivators," Energy Policy, Elsevier, vol. 37(5), pages 1648-1659, May.
  13. Greg Ball, Debra Lloyd-Zannetti, Brian Horii, Dan Birch, Robert E. Ricks, and Holly Lively, 1997. "Integrated Local Transmission and Distribution Planning Using Customer Outage Costs," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 137-160.
  14. Langni, Ole & Diekmann, Jochen & Lehr, Ulrike, 2009. "Advanced mechanisms for the promotion of renewable energy--Models for the future evolution of the German Renewable Energy Act," Energy Policy, Elsevier, vol. 37(4), pages 1289-1297, April.
  15. Shafiei, Ehsan & Saboohi, Yadollah & Ghofrani, Mohammad B., 2009. "Optimal policy of energy innovation in developing countries: Development of solar PV in Iran," Energy Policy, Elsevier, vol. 37(3), pages 1116-1127, March.
  16. Menz, Fredric C., 2005. "Green electricity policies in the United States: case study," Energy Policy, Elsevier, vol. 33(18), pages 2398-2410, December.
  17. Yang, Ming & Blyth, William & Bradley, Richard & Bunn, Derek & Clarke, Charlie & Wilson, Tom, 2008. "Evaluating the power investment options with uncertainty in climate policy," Energy Economics, Elsevier, vol. 30(4), pages 1933-1950, July.
  18. Lund, P.D., 2007. "Effectiveness of policy measures in transforming the energy system," Energy Policy, Elsevier, vol. 35(1), pages 627-639, January.
  19. Deepak Sharma and Robert Bartels, 1997. "Distributed Electricity Generation in Competitive Energy Markets: A Case Study in Australia," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 17-40.
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Citations

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Cited by:
  1. John Foster & William Paul Bell & Craig Froome & Phil Wild & Liam Wagner & Deepak Sharma & Suwin Sandu & Suchi Misra & Ravindra Bagia, 2012. "Institutional adaptability to redress electricity infrastructure vulnerability due to climate change," Energy Economics and Management Group Working Papers 7-2012, School of Economics, University of Queensland, Australia.
  2. Bell, William Paul, 2012. "The impact of climate change on generation and transmission in the Australian national electricity market," MPRA Paper 38111, University Library of Munich, Germany, revised 29 Feb 2012.

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