Economic and Investment Models for the Future Grid (CSIRO Future Grid Flagship Cluster) (Cluster Project 3)
CSIRO Flagship Collaboration Fund
Start / End Date: 2013 to 2015
Professor John Foster (Cluster Project 3 Leader), and Dr Liam Wagner
The project will provide a comprehensive understanding of the changing face of the electricity sector under a emissions constrained world. The transition to a lower emissions technology base will require significant structural and economic reforms to the electricity market. The project will examine the costs and benefits of this structural change via a range of modelling frameworks:
With respect to wholesale electricity markets, the main focus are the impacts on the National Electricity Market (NEM) in terms of price levels and volatility resulting from different network topologies.
The additional costs of investment in transmission and distribution networks for the different network topologies will also need to be calculated to estimate impacts on retail prices.
Implement the mathematical models for each of the case studies to develop cost/benefit analysis for defined ‘renewable clusters’ in the NEM.
Examination of alternative transmission network topologies to enhance greater deployment of generation and interconnection