Institute Events

"The Costs of Decarbonisation: System Costs with High Shares of Nuclear and Renewables"

Date:  Thursday 28 February 2019 -  5.00pm followed by a reception to 7pm

Location: Sydney

Speaker:  William Magwood, Director General, OECD Nuclear Energy Agency

Director- General Magwood conducted a special roundtable on the findings of this new study by the OECD Nuclear Energy Agency. The study assesses the costs of alternative low-carbon electricity systems capable of achieving strict carbon emission reductions consistent with the aims of the Paris Agreement.

The study examines the intrinsic difficulties of achieving ambitious carbon emission reduction objectives with variable generation technologies alone. In practice, the choice of electricity market design generation mix and, in particular, the generation mix is a matter of political choices at the national level.

The study contends that a particular role in this process will be played by nuclear power. The reason for its cost advantage is not in its plant-level costs but in its overall costs to the electricity system. Variable renewables have reduced quite impressively their plant-level costs, but their overall costs to the system are not accounted for as their output is clustered during a limited number of high-level hours.

The study suggests that OECD countries should move together to implement five pillars for the design of low- carbon electricity systems –

i.        competitive markets for short-term dispatch

ii.      carbon pricing

iii.     centralised mechanisms for infrastructure provision

iv.     long-term stability for investors in low- carbon capacity and

v.      the internalisation of system costs.

The paper postulates that these five pillars will remain the appropriate reference for the design of low-carbon electricity systems in the decades to come.

pdf graphicDownload William Magwood's presentation from the Roundtable by clicking here.

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Events

"Meet the author of Blackout - Matthew Warren"

We are excited to invite you to an event where you'll meet the author of 2019’s topical book “Blackout”. 

Author Mr Matthew Warren will provide an overview of his book, focusing on ‘unresolved issues and future ideas’ of the energy market and then take questions from the audience.

Location: Sydney

Date:  Monday 29 April

pdf graphic Click here for more information

Policy Papers

Policy Paper 3/19 "Finding the Right Balance: Power System Flexibility in an Era of Decarbonisation: An Annotated Bibliography"

Author: Robert Pritchard, Executive Director, EPIA

pdf graphicClick here to download the paper

Policy Paper 2/19 "One judgment brings upheaval for energy and climate policy in Australia"

Author: Robert Pritchard, Executive Director, EPIA

pdf graphicClick here to download the paper

Policy Paper 1/19 "Why no Energy Policy?"

Author: John McDonnell, Principal, McDonnell Policy Analysis

pdf graphicClick here to download the paper

 

Public Policy Papers: A compendium of Key Points (to April 2019) 

Since May 2013 the Institute has published 24 Public Policy Papers.

pdfClick here to view the compendium of key points. 


Public Policy Papers : A Compendium of Key Points (Aug 2016)

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Since May 2013 the Institute has published twelve Public Policy Papers.

pdfClick here to view the compendium of key points.

What's New

The ESB’s Alarming Report on the ‘Health of the National Electricity Market"

Author: Robert Pritchard, Executive Director, EPIA

pdfClick here to download the paper

 

Submission to the Department of the Environment and Energy on its Public Consultation Paper:

“Underwriting New Generation Investments.” (October 2018)

pdf graphicClick here to download this submission

 

Policy Research Note: "The Likely Viability of Nuclear Power in Australia"

pdf graphicClick here to download this Policy Research Note

 

A Preliminary Commentary on the Collapse of the National Energy Guarantee

pdf graphic Click here to download this Commentary

The Institute’s submission to the COAG Energy Council, August 2016.

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