Footnote 1 The authority responsible for managing the NEM is the Australian Energy Market Operator (AEMO), which oversees the day-to-day operations of electricity and gas markets. The NEM operates according to the rules set by the Australian Energy Market Commission (AEMC) under the mandate of...
In this article, we use half hourly spot electricity prices and load data for the period from 7/12/1998 to 30/06/2009.4 This produced a sample size of 185,162 observations. We apply the tests to time series load and spot price data from New South Wales (NSW), Queensland (QLD), Vic...
In 2011, the CPM was introduced as a key element of a Climate Change Plan by the Australian Government in order to reduce greenhouse gas emissions by 5% by 2020 in comparison to 2000 levels. The aim of the CPM was to encourage investment in more sustainable sources of energy and to act ...
Several states have wind+solar electricity generation share in the same range as South Australia or Denmark, but electricity price jumps have not been observed. The push to renewables in Europe and Australia has been reported to be also a push toward elimination of coal-based generati...
Then, the parameters setting of the new model and the comparison model are described. Subsequently, all models are applied to the cases and analyzed. Finally, China's electricity consumption is also forecast for the next two years. Section 5 is the summary of the whole paper. Table 1. ...
Agents are required to submit their bids and offers for the delivery of electricity during each hour of the following day before a specific market closing time on the previous day. In comparison to the load forecasting problem [5], where the load curve is mostly homogenous and its variations ...