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Renewable hydrogen requirements and impacts for network balancing: A Queensland case study

Author

Listed:
  • Wild, Phillip
  • Skoufa, Lucas
  • Spencer, Nancy

Abstract

Hydrogen is the gas of the moment: an abundant element that can be created using renewable energy, transported in gaseous or liquid form, and offering the ability to provide energy with only water vapour as an emission. Hydrogen can also be used in a fuel blend in electricity generation gas turbines providing a low carbon option for providing the peak electricity to cover high demand and firming.

Suggested Citation

  • Wild, Phillip & Skoufa, Lucas & Spencer, Nancy, 2024. "Renewable hydrogen requirements and impacts for network balancing: A Queensland case study," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 452-469.
    • Handle: RePEc:eee:ecanpo:v:81:y:2024:i:c:p:452-469
    DOI: 10.1016/j.eap.2023.12.013
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    References listed on IDEAS

    as
    1. Phillip Wild, William Paul Bell, and John Foster, 2015. "Impact of Carbon Prices on Wholesale Electricity Prices and Carbon Pass-Through Rates in the Australian National Electricity Market," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    2. Zhang, Tongtong & Uratani, Joao & Huang, Yixuan & Xu, Lejin & Griffiths, Steve & Ding, Yulong, 2023. "Hydrogen liquefaction and storage: Recent progress and perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 176(C).
    3. Bell, William Paul & Wild, Phillip & Foster, John & Hewson, Michael, 2017. "Revitalising the wind power induced merit order effect to reduce wholesale and retail electricity prices in Australia," Energy Economics, Elsevier, vol. 67(C), pages 224-241.
    4. Griffiths, Steve & Sovacool, Benjamin K. & Furszyfer Del Rio, Dylan D. & Foley, Aoife M. & Bazilian, Morgan D. & Kim, Jinsoo & Uratani, Joao M., 2023. "Decarbonizing the cement and concrete industry: A systematic review of socio-technical systems, technological innovations, and policy options," Renewable and Sustainable Energy Reviews, Elsevier, vol. 180(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Renewable hydrogen; Hydrogen capable gas turbines; Network balancing; Carbon offsets; Electricity markets;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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