Abstract
The National Electricity Market (NEM) in Australia is a gross pool market facilitating the wholesale trade of electrical energy. The NEM consists of infrastructure to supply and deliver electricity to the consumers when demanded. The NEM is currently divided into five pricing regions. Interconnectors enable the flow of electricity between the regions. This paper aims at identifying the costs and benefits of augmenting interconnectors in the NEM. Through the comparison of the costs and benefits a basic forecast of the requirement for interconnectors can be established. It is important that the market identifies the needs for investment prior to the time of investment so that market benefits are not foregone as a result of late investment. Correct signaling also maximises the probability of efficient investments in both interconnectors and supply or demand side options.
| Original language | English |
|---|---|
| Title of host publication | IPEC 2003 - 6th International Power Engineering Conference |
| Pages | 781-786 |
| Publication status | Published - 2003 |
| Externally published | Yes |
| Event | IPEC 2003 - 6th International Power Engineering Conference - , Singapore Duration: 27 Nov 2003 → 29 Nov 2003 |
Publication series
| Name | IPEC 2003 - 6th International Power Engineering Conference |
|---|
Conference
| Conference | IPEC 2003 - 6th International Power Engineering Conference |
|---|---|
| Place | Singapore |
| Period | 27/11/03 → 29/11/03 |
Bibliographical note
Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure
Research Keywords
- Interconnected Power System
- Lines
- Planning
- Power
- Power System Reliability
- System
- Transmission
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