A framework for maximising the economic value of Electric Vehicle integration into the Australian NEM

This paper aims to present a framework for understanding, characterizing, and assessing the economic value possible from integration of Electric Vehicles into the Australian (NEM) electricity industry. The broader goal of EV integration is to maximize economic value through the enhancement of short run (allocative) and long run (dynamic) economic efficiency. A framework for decision making in a restructured electricity industry is used to assess the current `state of play´ with respect to Electric Vehicle integration into current NEM arrangements. In addition, a set of value categories with respect to the economic value of Photovoltaic system integration into the NEM is adapted and applied Electric Vehicle integration. The approach presented in this paper is intended to establish a framework which will inform later detailed studies quantifying the economic value of various aspects of Electric Vehicle integration in the Australian NEM.