The impacts of carbon trading on the Australian electricity industry

Assessing the impacts of proposed carbon trading and tax schemes on the Australian electricity industry and the overall economy. ARC Linkage Grant with AGL (LP0883650, 2008 to 2011).

Currently, policymakers require a much clearer understanding of the impacts of different carbon abatement policies. Mounting evidence on global warming is making this an increasingly urgent priority. The proposed project is specifically concerned with using state of the art economic modelling approaches to give the best advice possible to policymakers in crafting an environmentally sustainable set of economic policy instruments that can maintain our enviable standard of living well into the future. The findings of the project will be available before the new Kyoto negotiation round commences.

Partner/collaborating organisations

Project publications and reports

• Phillip Wild, Melvin J. Hinich, John Foster, Are daily and weekly load and spot price dynamics in Australia's National Electricity Market governed by episodic nonlinearity?, Energy Economics, Volume 32, Issue 5, September 2010, Pages 1082-1091.  (Citations via Google Scholar)
• Phillip Wild, John Foster and Melvin J. Hinich (2010). IDENTIFYING NONLINEAR SERIAL DEPENDENCE IN VOLATILE, HIGH-FREQUENCY TIME SERIES AND ITS IMPLICATIONS FOR VOLATILITY MODELING. Macroeconomic Dynamics, 14 , pp 88-110  (Citations via Google Scholar)
• Zhou, X., James, G., Liebman, A., Zhao, Y. D.& Ziser, C., 2010, “Partial carbon permits allocation of potential emission trading scheme in Australian electricity market”, IEEE Transactions on Power Systems, Vol. 25, Pg. 543-553 (Citations via Google Scholar)
• Menezes, F., Quiggin, J.C., and Wagner, L.D., Grandfathering and greenhouse: the role of compensation and adjustment assistance in the introduction of a carbon emissions trading scheme for Australia, Economic Papers, 2009 vol. 28, no. 2 pp.82-92 (Citations via Google Scholar)
• Simshauser, Paul and Wild, Phillip (2009),  "The Western Australian power dilemma". Australian Economic Papers, 48 4: 342-369. (Citations via Google Scholar)
• Foster, John, Hinich, Melvin J. and Wild, Phillip (2008) Randomly modulated periodic signals in Australia's National Electricity Market. The Energy Journal, 29 3: 105-129. (Citations via Google Scholar)
• Wagner, L.D., and Quiggin J., “Reassessing assistance for brown coal generators under the proposed CPRS.” Presented at AARES ’10, Adelaide Feb 2010
• Wagner, L.D., Liebman, A., Froome, C, and Foster, J., “Forecasting the long term emissions intensity factor for electricity markets: an Australian case study”. Presented at the 10th IAEE European Conference, Vienna, Australia 7 - 10 September 2009. (Extended Abstract) (Presentation)
• Froome, C, and Wagner, L.D., “Designing solar feed-in tariffs for Australia: lessons learnt from Europe?” Presented at the 10th IAEE European Conference, Vienna, Australia 7 - 10 September 2009
• Wagner, L.D., Liebman, A., and Foster, J., “Examining the future of nature gas usage in the Australian National Electricity Market”. Presented at the 32nd International Conference of the International Energy Economics Association, San Francisco, CA USA 21-24th June 2009  (Presentation)
• Menezes, F., Quiggin, J.C., and Wagner, L.D.,Grandfathering and greenhouse: the role of compensation and adjustment assistance in the introduction of a carbon emissions trading scheme for Australia, Presented at AARES ’09, Cairns Feb 2009 (Conference Paper)
• Philip Wild, William Paul Bell and Prof. John Foster, Impact of Carbon Prices: State Production Trends, Inter-state Trade and Carbon Emission Reduction Outcomes in the NEM over the period 2007-2009
• Philip Wild, William Paul Bell and Prof. John Foster, The Impact of Carbon Pricing on Wholesale Electricity Prices, CarbonPass-Through Rates and Retail Electricity Tariffs in Australia
• Liam Wagner,  John Foster, Is There an Optimal Entry Time for Carbon Capture and Storage? A Case Study for Australia's National Electricity Market
• Philip Wild, William Paul Bell and Prof. John Foster, An Assessment of the Impact of the Introduction of Carbon Price Signals on Prices, Production Trends, Carbon Emissions and Power Flows in the NEM for  the period 2007-2009
• Joseph Mullins, Liam Wagner and John Foster, Price Spikes in Electricity Markets: A Strategic Perspective
• Philip Wild and Prof. John Foster, A non-technical introduction to the ANEMMarket model of the Australian National Electricity Market (NEM)