The NEM in the transition: the need to manage the exit of coal | Monash Energy Seminar скачать в хорошем качестве

The NEM in the transition: the need to manage the exit of coal | Monash Energy Seminar

In this seminar, Professor Flavio Menezes tells us how we can measure the impact of renewables on market prices, where the key point is that renewables undermine the economics of coal-fired power generation. While this seems obvious, economists’ contribution is to measure the impact and to show how quickly market dynamics are changing. Prof Menezes presented the work he has been doing to develop and implement a methodology to measure the market impact of the unanticipated exit of Hazelwood in 2017. While the NEM has changed since 2017 due to a new rule requiring early notice of exit and increased penetration of renewables, their impact will be even more significant. The events of June 2022 illustrate these assumptions. Prof Menezes summarised with a high-level suggestion of the mechanism for managing the exit of coal. -- 00:00:00 Introduction 00:03:30 Presentation by Professor Flavio Menezes 00:48:15 Q&A --SUBSCRIBE to the Monash Energy Institute YouTube channel for updates    / monashenergyinstitute   Download our 2020 Monash Energy Profile: https://www.monash.edu/__data/assets/... Visit our website: https://www.monash.edu/energy-institute Contact us: [email protected] Follow @MonashEnergyInstiute: Twitter:   / monashenergy   LinkedIn:   / mona.  . The Monash Energy Institute is dedicated to undertaking research and development that will lead to the creation of new and innovative products and services for deployment in the energy sector across the globe. Bringing people together to solve global energy problems!