Publication:
The development of a system dynamics model to evaluate electricity generation expansion in New Zealand

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dc.citedby9
dc.contributor.authorJalal T.S.en_US
dc.contributor.authorBodger P.en_US
dc.contributor.authorid16022044400en_US
dc.contributor.authorid7003541599en_US
dc.date.accessioned2023-12-29T07:49:14Z
dc.date.available2023-12-29T07:49:14Z
dc.date.issued2010
dc.description.abstractMany 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.en_US
dc.description.natureFinalen_US
dc.identifier.ArtNo5710751
dc.identifier.scopus2-s2.0-79952346176
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-79952346176&partnerID=40&md5=ca8ddc90e459c3f70143cacf557c6c8f
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/30545
dc.sourceScopus
dc.sourcetitleAUPEC 2010 - 20th Australasian Universities Power Engineering Conference: "Power Quality for the 21st Century"
dc.subjectCapacity cycles
dc.subjectGeneration expansion planning
dc.subjectPolicy evaluation
dc.subjectSystem dynamics
dc.subjectElectric industry
dc.subjectElectricity
dc.subjectExpansion
dc.subjectSystem theory
dc.subjectBoom and bust cycles
dc.subjectCapacity cycles
dc.subjectElectricity generation
dc.subjectElectricity industry
dc.subjectGeneration capacity
dc.subjectGeneration expansion
dc.subjectGeneration expansion planning
dc.subjectMarket structures
dc.subjectNew zealand
dc.subjectPolicy evaluation
dc.subjectSimilar pattern
dc.subjectSystem dynamics
dc.subjectSystem dynamics model
dc.subjectElectric generators
dc.titleThe development of a system dynamics model to evaluate electricity generation expansion in New Zealanden_US
dc.typeConference paperen_US
dspace.entity.typePublication
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