Modelling the price of Renewable Energy Certificates
A Report for the Office of the Renewable Energy Regulator
Intelligent Energy Systems, December 2002
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About the document
- Section 1 - Introduction
- Section 2 outlines key aspects of the Renewable Energy (Electricity) Act as they relate to demand, supply and pricing of RECs
- Section 3 discusses properties of the REC market and arbitrage pricing of RECs.
- Sections 4 and 5 discuss the basis of the decision to invest in REC creating power stations or solar water heating.
- Sections 6, 7, 8 and 9 deal with supply of REC from existing or committed power stations and the potential future sources of RECs.
- Section 10 deals with the future electricity price forecasts. These forecasts are used in the model which determines the most economical selection of renewable generation projects.
- Sections 11, 12, 13 and 14 discuss the various models and their outputs that had been used to model the likely sources of RECs and future REC prices.
- Section 15 is the conclusion.
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