National Electricity Market and Regulation Principles

Unit code: NNM7007 | Study level: Postgraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
Footscray Park
Prerequisites
N/A
Overview
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Overview

In this unit students will acquire advanced theoretical knowledge, critical analytical and practical skills which can be applied to investigation and resolution of complex problem solving scenarios. The unit material has been developed to enhance students’ communication skills, individual and group project participation, and promote the objectives of Planetary Health and other professional capabilities important to the national electricity market and regulation principles. The unit includes an overview of the regulation principles governing the management of electricity markets. Whilst the principles are general, they are demonstrated through the specifics of the National Electricity Market. The role of workplace OH&S regulations governing the supply and delivery of energy to the end user is considered. Students are exposed to authentic work relevant issues that underpin the regulation principles governing the management of electricity markets that supply and deliver energy to end users. Further, the unit covers the role and requirements of workplace Occupational, Health & Safety.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Critically review the categories of market participants and compliance obligations, and role of the governments, COAG (Council of Australian Governments), and MCE (Ministerial Council on Energy);
  2. Implement specialist recommendations by the regulators, AEMC (Australian Energy Market Commission), AER (Australian Energy Regulator), jurisdictional regulators;
  3. Survey and critique electricity markets, implementing a specialist review of the role of market and system operators, AEMO (Australian Energy Market Operator);
  4. Analyse the Australian Energy Market Agreement and various legislative and regulatory instruments including the National Electricity Law and Rules (economic and technical requirements);
  5. Employ specialist review of the economic regulation of Network Service Providers including setting of revenues, incentives and network access regimes; and
  6. Collaborate with others with responsibility and accountability for own learning in planning, problem solving and decision making in professional practice.

Assessment

For Melbourne campuses

Assessment type: Laboratory Work
|
Grade: 30%
Simulation Reports on practicals into the analysis and management of electricity markets (Individual)
Assessment type: Project
|
Grade: 20%
Project 1
Assessment type: Project
|
Grade: 30%
Project 2
Assessment type: Presentation
|
Grade: 20%
Group presentation on Project 2 and contribution (Individually assessed)

Project 1 Report investigating different market operators, legislative and regulatory frameworks in the National Electricity Market (1000 words) (Individual)
Project 2 Report on the critical review of the management of electricity markets (2500 words) (Group project includes individual submission of a team reflection and peer review proforma)

Required reading

To be advised by unit coordinator.

Recommended Texts: Wawryk, A, Vigar, C, Bradley, P & Hunter, T 2018, Energy law in Australia, Wolters Kluwer Law & Bus. Pérez-Arriaga, IJ 2013, Regulation of the power sector, Power systems, Springer. Palmer, G 2014, Energy in Australia?: peak oil, solar power, and Asia’s economic growth, SpringerBriefs in energy. Energy analysis, Springer. Gilbert, RJ & Kahn, E 2007, International comparisons of electricity regulation, Cambridge University Press, Cambridge, U.K.; New York.

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

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