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10 May 2018
Electricity that is supplied to the Australian market comes from a variety of sources including wind turbines (around 30%), gas powered generation stations and older coal fired stations that produce relatively large amounts of carbon dioxide, a major contributor to greenhouse warming and the production of airborne particles that results in asthma. Gas-powered electricity generation plants can be turned on and off at short notice.
Discuss how increased market power for gas-fired electricity producers may have led to higher electricity prices in light of the closure of a large but old coal fired âNorthernâ generation plant. What might be the implications of this development for the efficiency of the electricity market?
Electricity that is supplied to the Australian market comes from a variety of sources including wind turbines (around 30%), gas powered generation stations and older coal fired stations that produce relatively large amounts of carbon dioxide, a major contributor to greenhouse warming and the production of airborne particles that results in asthma. Gas-powered electricity generation plants can be turned on and off at short notice.
Discuss how increased market power for gas-fired electricity producers may have led to higher electricity prices in light of the closure of a large but old coal fired âNorthernâ generation plant. What might be the implications of this development for the efficiency of the electricity market?
Beverley SmithLv2
10 May 2018
