Policy implications now and for the transition
The third and final part of this series of articles from Greg Williams about opportunity costs in electricity markets – this time narrowing in on policy implications.
opportunity costs
Why generation offers diverge from variable cost
In the second part of this three part series, Greg Williams explains how fuel cost scarcity, inflexibilities, opportunity costs and other factors affects generator bids/offers.
The effect of opportunity cost on wholesale prices in the NEM
Guest author, Greg Williams provides the first part of a three-parter about costs in the NEM. In part one here he explains modelling opportunity costs and the value of ‘the next best alternative’.