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Synchronous generators are operating for less time than before or being decommissioned in the National Electricity Market (NEM) of Australia, due to the proliferation of asynchronous wind and solar generation. Sub-networks of the NEM will face inertia shortages in the near future. This paper develops a formulation of zonal inertia constrained generator dispatch for power systems with a diversified generator portfolio including synchronous generators, synchronous condensers, inverter-interfaced generators and energy storages. Zonal inertia constraints are formulated in unit commitment and optimal power flow to limit the rate of change of frequency (RoCoF) in the event of network separation. Load frequency relief is also considered to reduce the ramp rate requirement of primary reserve. The proposed formulation can reduce the average cost of primary reserve and maintain zonal inertia adequacy to constrain RoCoF in case of the trip of the interconnector(s). [ABSTRACT FROM AUTHOR]

Emission trading is widely considered to be the most effective policy to minimize the overall costs for CO2 abatement. However, the political feasibility of an emission trading scheme may crucially depend on the free initial allocation of emission permits to carbon-intensive industries in order to offset the reduction in profits.This paper aims to analyze these potential profit impacts and the possible compensation to affected generation compaflies through modeling the Australian National Electricity Market under a potential emission trading scheme. Historical emissionbased and historical generation-based allocation approaches are used in this paper to calculate and compare the percentages of carbon permits that should be freely allocated. Two carbon permit price scenarios are -used to analyze the sensitivity of the optimal percentage of free allocation to carbon permit price. [ABSTRACT FROM AUTHOR]

Short-term load forecasting is an essential instrument in power system planning, operation, and control. Many operating decisions are based on load forecasts, such as dispatch scheduling of generating capacity, reliability analysis, and maintenance planning for the generators. Overestimation of electricity demand will cause a conservative operation, which leads to the start-up of too many units or excessive energy purchase, thereby supplying an unnecessary level of reserve. On the other hand, underestimation may result in a risky operation, with insufficient preparation of spinning reserve, causing the system to operate in a vulnerable region to the disturbance. [ABSTRACT FROM PUBLISHER]

Describes the evolution of physical market pricing models toward standardized electricity market design (SMD) with references to the market developments in New Zealand and Australia. Overview of market evolution; SMD functions essential for a robust and competitive market; Stages in the evolution of transmission right allocation models.