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Resilience and electricity systems: a comparative analysis

Author

Listed:
  • Lynette Molyneaux

    (Department of Economics, University of Queensland)

  • Liam Wagner

    (Department of Economics, University of Queensland)

  • Craig Froome
  • John Foster

    (Department of Economics, University of Queensland)

Abstract

Electricity systems have generally evolved based on the natural resources available locally. Few metrics exist to compare the security of electricity supply of different countries despite the increasing likelihood of potential shocks to the power system like energy price increases and carbon price regulation. This paper seeks to calculate a robust measure of national power system resilience by analysing each step in the process of transformation from raw energy to consumed electricity. Countries with sizeable deposits of mineral resources are used for comparison because of the need for electricity-intensive metals processing. We find that shifts in electricity-intensive industry can be predicted based on countries’ power system resilience.

Suggested Citation

  • Lynette Molyneaux & Liam Wagner & Craig Froome & John Foster, 2012. "Resilience and electricity systems: a comparative analysis," Energy Economics and Management Group Working Papers 15, School of Economics, University of Queensland, Australia.
    • Handle: RePEc:qld:uqeemg:15
    as

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    File URL: http://www.uq.edu.au/eemg/docs/workingpapers/15.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Electricity; resilience; energy security;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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