cover image: Building the bridge - A practical plan for a low-cost, low-emissions energy future

20.500.12592/00mhd0

Building the bridge - A practical plan for a low-cost, low-emissions energy future

12 Aug 2021

The goal of the auction scheme is to categories such as solar PV and bioenergy, and the size of each reduce the costs and risks of several technologies at a speed and category at the outset. [...] The second, a payment on top the wholesale market price gives the developer an ongoing of the electricity market price, reflects the costs each technology incentive to generate electricity when the market price is high, that faces in order to produce power. [...] 4.5 How would a range of low-emissions technology options be maintained? Related to the first payment, developers will not invest in low- emission technologies as long as they face the risk that the The auction scheme is intended to create and develop a portfolio government will not take the decisions that ensure the actual of low-emission technologies. [...] The downside is that the government is pre- carbon price, the developer must pay the difference back to selecting the ‘winning’ technology categories, at least for the first government. [...] The first occurs mechanism, a levy on electricity consumers, or to use revenue when the actual carbon price under the ETS remains below the from the auction of permits under the ETS.

Authors

Andrew McDonald

Pages
64
Published in
Australia