ele9714_wk3 2018.pdf - electricity industry decision making...

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electricity industry decision making, economics and planning Elec9714 Electricity Industry Planning & Economics © UNSW, 2018
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2 Elec9714 - Electricity industry planning and economics Decision making in the electricity industry What objectives A wide range of objectives for such an industry What decisions Operational what loads + gens + network elements operate when Investment what new loads + gens + network How are they taken Individual end-users generally act independently Processes required for large decisions with shared outcomes Who takes them End-users Large generators Regulated monopolies governments
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