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Wholesale Electricity Markets and Electricity Networks: Balancing Supply Reliability, Technical Governance, and Market Trading in the Context of Western Australian Energy Disaggregation and Marketisation;pp. 311-329 $100.00
Authors:  (M.P. McHenry, M. Schultz, K. O’Mara, School of Engineering and Energy, Murdoch University, Murdoch, Western Australia)
Abstract:
Disaggregation and marketisation of government owned electricity utilities can
deliver private sector confidence, investment, increased competition, and reduce the
reliance on distortionary taxpayer-funded subsidies. However, the transition from
command and control to designed competitive electricity markets may be at odds with the
physical realities of specific network infrastructure, network operator technical
requirements, and a dominance of large generators or retailers. This work explores these
transitional nuances in the context of the disaggregation of Western Australia’s (WA’s)
electricity sector towards a Wholesale Electricity Market (WEM), including bilateral
contracts, the WEMs Short Term Electricity Market (STEM), and the Balancing Market
(BM), all operating within the largest WA network, the South West Interconnected
System (SWIS). While market-based instruments offer a range of flexible designs to
policymakers, this work primarily focuses on how these market mechanisms are
progressing from the perspective of ensuring supply reliability, participant certainty, and
good governance, in the continued evolution of the electricity supply system. 


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Wholesale Electricity Markets and Electricity Networks: Balancing Supply Reliability, Technical Governance, and Market Trading in the Context of Western Australian Energy Disaggregation and Marketisation;pp. 311-329