The development of a system dynamics model to evaluate electricity generation expansion in New Zealand
Many countries exhibited cycles of shortfall and overbuilding (bust and boom) of their installed generation capacity after they restructured their electricity industries. A similar pattern has also been observed in New Zealand after its electricity industry was restructured in 1987. This study propo...
Saved in:
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Conference paper |
| Published: |
2023
|
| Subjects: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| id |
my.uniten.dspace-30545 |
|---|---|
| record_format |
dspace |
| spelling |
my.uniten.dspace-305452023-12-29T15:49:14Z The development of a system dynamics model to evaluate electricity generation expansion in New Zealand Jalal T.S. Bodger P. 16022044400 7003541599 Capacity cycles Generation expansion planning Policy evaluation System dynamics Electric industry Electricity Expansion System theory Boom and bust cycles Capacity cycles Electricity generation Electricity industry Generation capacity Generation expansion Generation expansion planning Market structures New zealand Policy evaluation Similar pattern System dynamics System dynamics model Electric generators Many countries exhibited cycles of shortfall and overbuilding (bust and boom) of their installed generation capacity after they restructured their electricity industries. A similar pattern has also been observed in New Zealand after its electricity industry was restructured in 1987. This study proposes a system dynamics (SD) model to study the phenomenon. Advantages of this model over other approaches are discussed in this paper. The model is customised to incorporate the market structure and electricity industry in New Zealand. The model is then used to evaluate the projections made in the New Zealand Electricity Commission (EC)'s planning publication, Statement of Opportunity 2008 (SOO 2008). Unlike the Generation Expansion Model (GEM) model used by EC, the SD model predicts that some boom and bust cycles may happen in New Zealand in the future under different projected scenarios. Final 2023-12-29T07:49:14Z 2023-12-29T07:49:14Z 2010 Conference paper 2-s2.0-79952346176 https://www.scopus.com/inward/record.uri?eid=2-s2.0-79952346176&partnerID=40&md5=ca8ddc90e459c3f70143cacf557c6c8f https://irepository.uniten.edu.my/handle/123456789/30545 5710751 Scopus |
| institution |
Universiti Tenaga Nasional |
| building |
UNITEN Library |
| collection |
Institutional Repository |
| continent |
Asia |
| country |
Malaysia |
| content_provider |
Universiti Tenaga Nasional |
| content_source |
UNITEN Institutional Repository |
| url_provider |
http://dspace.uniten.edu.my/ |
| topic |
Capacity cycles Generation expansion planning Policy evaluation System dynamics Electric industry Electricity Expansion System theory Boom and bust cycles Capacity cycles Electricity generation Electricity industry Generation capacity Generation expansion Generation expansion planning Market structures New zealand Policy evaluation Similar pattern System dynamics System dynamics model Electric generators |
| spellingShingle |
Capacity cycles Generation expansion planning Policy evaluation System dynamics Electric industry Electricity Expansion System theory Boom and bust cycles Capacity cycles Electricity generation Electricity industry Generation capacity Generation expansion Generation expansion planning Market structures New zealand Policy evaluation Similar pattern System dynamics System dynamics model Electric generators Jalal T.S. Bodger P. The development of a system dynamics model to evaluate electricity generation expansion in New Zealand |
| description |
Many countries exhibited cycles of shortfall and overbuilding (bust and boom) of their installed generation capacity after they restructured their electricity industries. A similar pattern has also been observed in New Zealand after its electricity industry was restructured in 1987. This study proposes a system dynamics (SD) model to study the phenomenon. Advantages of this model over other approaches are discussed in this paper. The model is customised to incorporate the market structure and electricity industry in New Zealand. The model is then used to evaluate the projections made in the New Zealand Electricity Commission (EC)'s planning publication, Statement of Opportunity 2008 (SOO 2008). Unlike the Generation Expansion Model (GEM) model used by EC, the SD model predicts that some boom and bust cycles may happen in New Zealand in the future under different projected scenarios. |
| author2 |
16022044400 |
| author_facet |
16022044400 Jalal T.S. Bodger P. |
| format |
Conference paper |
| author |
Jalal T.S. Bodger P. |
| author_sort |
Jalal T.S. |
| title |
The development of a system dynamics model to evaluate electricity generation expansion in New Zealand |
| title_short |
The development of a system dynamics model to evaluate electricity generation expansion in New Zealand |
| title_full |
The development of a system dynamics model to evaluate electricity generation expansion in New Zealand |
| title_fullStr |
The development of a system dynamics model to evaluate electricity generation expansion in New Zealand |
| title_full_unstemmed |
The development of a system dynamics model to evaluate electricity generation expansion in New Zealand |
| title_sort |
development of a system dynamics model to evaluate electricity generation expansion in new zealand |
| publishDate |
2023 |
| _version_ |
1806425644335104000 |
| score |
13.211869 |