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"Navigating the crisis: Fuel price caps in the Australian national whol" by Armin Pourkhanali, Peyman Khezr et al.

Fuel price caps are one of the potential regulatory tools for controlling wholesale electricity prices when fuel prices are volatile. In this paper, we introduce a theoretical model to study the effects of such caps on firms’ bidding behaviour and clearing prices in spot market auctions. We then use data from the Australian National Electricity Market (NEM), which recently implemented such caps, to empirically test and compare their effectiveness in three different states. Our theoretical findings suggest that fuel price caps can be binding, especially when electricity demand is lower and competition among generators is higher. When demand is high, alternative policy tools, such as market price caps, may be more effective in controlling auction prices. Our empirical analysis employs various techniques, such as Generalized Additive Models (GAM) and machine learning algorithms, to test the effectiveness of price caps in the NEM. We find mixed results regarding the effectiveness of fuel ....

Australian National Electricity Market , Generalized Additive Models , New South Wales , Electricity Markets , Fuel Price , Price Caps ,

Dylan Mcconnell | MENAFN.COM

Dylan Mcconnell | MENAFN.COM
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

New South Wales , Dylan Mcconnell , Journal Of Applied Energy , Operations Research , Journal Of Energy , Australian Institute Of Energy , Australian National Electricity Market , Australian Photovoltaic Institute , University Of Melbourne , Renewable Power And Energy Systems Engineering Excl , Current Sustainable Renewable Energy , Industry Economics And Industrial Organisation , Power And Energy Systems Engineering Excl , Conversation Senior Research , Renewable Energy Systems Analyst , Smart Energy Council , Research Areas , Senior Research Associate , Renewable Energy , Energy Systems Analyst , Profile Articles Activity , Energy Policy , Applied Energy , Electricity Journal , Bachelor Engineering , Superpower Transformation ,

Labor has broken yet another promise this week over its pledge to host the COP29 climate summit

Labor has broken yet another promise this week over its pledge to host the COP29 climate summit
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United States , Chris Bowen , Bashar Al Assad , Nick Cater , Scott Morrison , John Kerry , Adam Bandt , Volodymyr Zelenskyy , Joe Biden , Greta Thunberg , Anthony Albanese , Vladimir Putin , Australian National Electricity Market , United Nations , Nuclear For Australia , Albanese Labor , Eastern Europe , Prime Minister , Airbus Albo , Syrian President Bashar , Leader Adam Bandt , Ukrainian President Volodymyr Zelenskyy , President Emmanuel Macron ,

Australia's rooftop PV installations hit 1.4 GW in H1 – pv magazine International

Australia's rooftop PV installations hit 1.4 GW in H1 – pv magazine International
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David Parker , Clean Energy Regulator , Australian National Electricity Market , Global Power Energy , National Electricity Market , Australia Clean Energy Regulator , National Electricity , South Australian , Global Power , South Australia ,

What we learned at Energy Storage Summit Asia 2023

Energy storage’s role in enabling decarbonisation and economic growth was at the heart of discussions at Energy Storage Summit Asia 2023. ....

South Korea , Republic Of , Beni Suryadi , Le Xu , Mahdi Behrengrad , Kiran Jethwa , Nicolas Leong , Shilei Huang , Georg Garabandic , Energy Storage Summit Asia , Pacifico Energy , Standard Chartered Bank , Centre For Energy , Australian National Electricity Market , Aquila Clean Energy Asia Pacific , Pentagreen Capital , Southeast Asia , Moses Makin , Solar Media ,