Understanding participant behaviour in wholesale electricity markets. Wholesale electricity spot markets now operate in many countries including Australia. The aim of this research project is to achieve a better understanding of the operation of electricity markets, through advancing our understanding of how the physical system, the industry structure, the market mechanism and the behaviour of the market participants jointly determine the overall system outcomes. A particular focus of the resear ....Understanding participant behaviour in wholesale electricity markets. Wholesale electricity spot markets now operate in many countries including Australia. The aim of this research project is to achieve a better understanding of the operation of electricity markets, through advancing our understanding of how the physical system, the industry structure, the market mechanism and the behaviour of the market participants jointly determine the overall system outcomes. A particular focus of the research is on competition within the market. We want to understand the ways in which market structure influences participant behaviour and, in particular, the circumstances that lead to non-competitive outcomes.Read moreRead less
Understanding the interactions between emissions trading and wholesale electricity markets. Australia faces some critical decisions with regard to its commitment to reducing emissions of greenhouse gases. There are a variety of emissions-related trading schemes that operate at a State level, and there are now proposals to introduce a National scheme. This research will help in the design of an emissions trading scheme through the use of sophisticated models of the behaviour of individual generat ....Understanding the interactions between emissions trading and wholesale electricity markets. Australia faces some critical decisions with regard to its commitment to reducing emissions of greenhouse gases. There are a variety of emissions-related trading schemes that operate at a State level, and there are now proposals to introduce a National scheme. This research will help in the design of an emissions trading scheme through the use of sophisticated models of the behaviour of individual generation companies operating in a complex market situation. Also this project will build the skill base of Australia in an area of increasing importance where a multi-disciplinary focus is critical.Read moreRead less