Title :
Economic significance of Basslink in the Australian National Electricity Market
Author :
Malla, K. ; Wood, Alan
Author_Institution :
Dept. of Electr. & Comput. Eng., Univ. of Canterbury, Christchurch, New Zealand
fDate :
Oct. 30 2012-Nov. 2 2012
Abstract :
This paper assesses economic significance of Basslink in terms of market benefits, namely operating, capital and unserved energy cost savings. It presents long term market benefit modelling framework consistent with the Australian Regulatory Investment Test for Transmission to assess the market benefits attributable to Basslink. Economic analysis concludes that Basslink continues to be economic value in the Australian National Electricity Market for a broad range of market development scenarios studied.
Keywords :
cost-benefit analysis; power markets; Australian national electricity market; Australian regulatory investment test for transmission; Basslink; cost-benefit analysis; energy cost savings; long term market benefit modelling framework; market development; Australia; Biological system modeling; Carbon; Economics; Electricity supply industry; Fuels; Reliability; Cost benefit analysis; Optimization; Power system economics;
Conference_Titel :
Power System Technology (POWERCON), 2012 IEEE International Conference on
Conference_Location :
Auckland
Print_ISBN :
978-1-4673-2868-5
DOI :
10.1109/PowerCon.2012.6401466
