An economic evaluation of the potential for distributed energy in Australia
We present here economic findings from a major study by Australia's Commonwealth Scientific and Industrial Research Organisation (CSIRO) on the value of distributed energy technologies (DE; collectively demand management, energy efficiency and distributed generation) for reducing greenhouse gas emissions from Australia's energy sector (CSIRO, 2009). The study covered potential economic, environmental, technical, social, policy and regulatory impacts that could result from their wide scale adoption. Partial Equilibrium modeling of the stationary energy and transport sectors found that Australia could achieve a present value welfare gain of around $130 billion when operating under a 450ppm carbon reduction trajectory through to 2050. Modeling also suggests that reduced volatility in the spot market could decrease average prices by up to 12% in 2030 and 65% in 2050 by using local resources to better cater for an evolving supply–demand imbalance. Further modeling suggests that even a small amount of distributed generation located within a distribution network has the potential to significantly alter electricity prices by changing the merit order of dispatch in an electricity spot market. Changes to the dispatch relative to a base case can have both positive and negative effects on network losses.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Fleten, S.-E. & Maribu, K.M. & Wangensteen, I., 2007.
"Optimal investment strategies in decentralized renewable power generation under uncertainty,"
Elsevier, vol. 32(5), pages 803-815.
- Fleten, Stein-Erik & Maribu, Karl Magnus & Wangensteen, Ivar, 2005. "Optimal investment strategies in decentralized renewable power generation under uncertainty," MPRA Paper 218, University Library of Munich, Germany, revised Jun 2006.
- Denholm, Paul & Margolis, Robert M., 2007. "Evaluating the limits of solar photovoltaics (PV) in electric power systems utilizing energy storage and other enabling technologies," Energy Policy, Elsevier, vol. 35(9), pages 4424-4433, September.
- Reinhard Madlener & Marcel Wickart, 2004.
"Optimal Technology Choice and Investment Timing: A Stochastic Model of Industrial Cogeneration vs. Heat-Only Production,"
CEPE Working paper series
04-37, CEPE Center for Energy Policy and Economics, ETH Zurich.
- Wickart, Marcel & Madlener, Reinhard, 2007. "Optimal technology choice and investment timing: A stochastic model of industrial cogeneration vs. heat-only production," Energy Economics, Elsevier, vol. 29(4), pages 934-952, July.
- Jablonski, Sophie & Strachan, Neil & Brand, Christian & Bauen, Ausilio, 2010. "The role of bioenergy in the UK's energy future formulation and modelling of long-term UK bioenergy scenarios," Energy Policy, Elsevier, vol. 38(10), pages 5799-5816, October.
- Zoulias, E.I. & Lymberopoulos, N., 2007. "Techno-economic analysis of the integration of hydrogen energy technologies in renewable energy-based stand-alone power systems," Renewable Energy, Elsevier, vol. 32(4), pages 680-696.
- Khan, M.J. & Iqbal, M.T., 2005. "Pre-feasibility study of stand-alone hybrid energy systems for applications in Newfoundland," Renewable Energy, Elsevier, vol. 30(6), pages 835-854.
- Himri, Y. & Boudghene Stambouli, A. & Draoui, B. & Himri, S., 2008. "Techno-economical study of hybrid power system for a remote village in Algeria," Energy, Elsevier, vol. 33(7), pages 1128-1136.
- Kannan, R., 2009. "Uncertainties in key low carbon power generation technologies - Implication for UK decarbonisation targets," Applied Energy, Elsevier, vol. 86(10), pages 1873-1886, October.
- Demiroren, A. & Yilmaz, U., 2010. "Analysis of change in electric energy cost with using renewable energy sources in Gökceada, Turkey: An island example," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 323-333, January.
- Frank M. Bass, 1969. "A New Product Growth for Model Consumer Durables," Management Science, INFORMS, vol. 15(5), pages 215-227, January.
- Corria, Maria Eugenia & Cobas, Vladimir Melian & Silva Lora, Electo, 2006. "Perspectives of Stirling engines use for distributed generation in Brazil," Energy Policy, Elsevier, vol. 34(18), pages 3402-3408, December.
- Ben Maalla, El Mehdi & Kunsch, Pierre L., 2008. "Simulation of micro-CHP diffusion by means of System Dynamics," Energy Policy, Elsevier, vol. 36(7), pages 2308-2319, July.
- Myers, Kevin S. & Klein, Sanford A. & Reindl, Douglas T., 2010. "Assessment of high penetration of solar photovoltaics in Wisconsin," Energy Policy, Elsevier, vol. 38(11), pages 7338-7345, November.
- Kannan, Ramachandran & Strachan, Neil, 2009. "Modelling the UK residential energy sector under long-term decarbonisation scenarios: Comparison between energy systems and sectoral modelling approaches," Applied Energy, Elsevier, vol. 86(4), pages 416-428, April.
When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:51:y:2012:i:c:p:277-289. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.