Electricity Market Implications of a Least-Cost Carbon Abatement Plan: An Australian Perspective

Several least-cost planning studies have suggested a significant shift away from coal toward gas, renewables and potentially nuclear in the long term. Using a Cournot gaming model to analyze the ramifications that market power in Australia's concentrated market may hold for a transition to a lo...

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Veröffentlicht in:The Electricity journal 2014-10, Vol.27 (8), p.105-115
Hauptverfasser: Chattopadhyay, Deb, Alpcan, Tansu, Jeppesen, Matthew, Brear, Michael J.
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container_title The Electricity journal
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creator Chattopadhyay, Deb
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description Several least-cost planning studies have suggested a significant shift away from coal toward gas, renewables and potentially nuclear in the long term. Using a Cournot gaming model to analyze the ramifications that market power in Australia's concentrated market may hold for a transition to a low-carbon electricity sector suggests that the substantial influence on price outcomes of some players will need to be fixed before we can have faith in the least-cost carbon abatement strategy.
doi_str_mv 10.1016/j.tej.2014.09.010
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source Elsevier ScienceDirect Journals Complete; PAIS Index
subjects Abatement
Australia
Carbon
Coal
Electric power
Electricity
Electricity industry
Energy policy
Markets
Players
Prices
Strategy
title Electricity Market Implications of a Least-Cost Carbon Abatement Plan: An Australian Perspective
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