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Electricity Sector Planning and Restructuring

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Added on  2021-06-16

Electricity Sector Planning and Restructuring

   Added on 2021-06-16

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Electricity Sector Planning and Restructuring 1UNIVERSITY OF TECHNOLOGY SYDNEY ENERGY PLANNING AND POLICYPROGRAM49026 Electricity Sector Planning and RestructuringBy(Name) (Course)(Professor’s Name)(Institution)(State) (Date)
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Electricity Sector Planning and Restructuring 2Question. 1For the Australian electricity industry1: a)develop a snapshot (in pictorial or tabular format) of its structure: i.prior to restructuring ii.subsequent to restructuring iii. Generation, transmission, distribution, and retail TransmissionDue to lack of finances from the unwilling banks, there was limited transmission grids.Retailer The demand was higher than the supply.DistributionThe distribution is normally done by The NationalElectrical Market (NEM)Generationdominated by coal (81%), gas(10%), hydro (6%), wind (2), solar (0%)Distribution The NEM operate the world longest interconnected power systems Retailer From a report by the Australian energy market operator project that the supply will meet the demand in 2018 and 2019TransmissionDue to the largepopulation, multiple grids were created to satisfy the marketGenerationThe state adopted more renewable energy; coal (76%), gas (7%), hydro (10%), wind (6.1), solar (3%)
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Electricity Sector Planning and Restructuring 3b)What was the ‘stated’ rationale for electricity industry restructuring? (no more than four dot points with each dot point no more ten words) Inform and coordinate industry decision-makers over a range of time horizonsDue to growing social relianceSpot pricing and the need for strong compatibility between the market model of an electricity industry and its underlying physical operation.Practical comprises required in representing network services in an electricity spot derivative market of the Australian National Electricity Market.c)What is the most insightful comment you can make about the stated rationale for restructuring (as in part b) above)? (no more than two lines with each dot point no more than two lines). These objective engineering necessities are applied more intensely in the large productionand transmission sectors of the industry.Modernization in the disseminated energy resource technology and developing concern about ecological impacts.The effects of the preceding pricing technique endorsed the use of spot and derivative pricing to upkeep investment as a replacement for traditional payment method.It considered the full energy conversion chain from primary to end use energy forms.
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