Title :
Electricity supply industry reform in Australia and the development of flexible pricing options to suit the competitive market
Author :
Bennett, Bruce ; Perera, Lasantha
Author_Institution :
Eastern Energy, Melbourne, Vic., Australia
Abstract :
This paper looks at the issues involved in the process of establishing a Wholesale Electricity Market in South-Eastern Australia, along with the processes employed and the models that were developed to produce flexible competitive prices necessary to win customers that also added value to the owners of the business. An insight is given to the way the psychology of the evolving market impacted on the pricing of risk, and a method to calculate the cost of customer load volatility is outlined
Keywords :
costing; electricity supply industry; risk management; Australia; South-Eastern Australia; Wholesale Electricity Market; competitive market; customer load volatility; electricity supply industry reform; evolving market psychology; flexible competitive prices; flexible pricing options; processes employed; Australia; Capacity planning; Cities and towns; Costs; Electricity supply industry; Government; Postal services; Power industry; Pricing; Psychology;
Conference_Titel :
Energy Management and Power Delivery, 1998. Proceedings of EMPD '98. 1998 International Conference on
Print_ISBN :
0-7803-4495-2
DOI :
10.1109/EMPD.1998.705502
