Phd Zema Scholarship
4 days ago
**The Opportunity**
Monash University and the Australian Energy Market Operator (AEMO) launched the Zema Energy Studies Scholarship in March 2019, a world-class PhD program to develop the nation’s future energy leaders.
The Scholarship has been established to honour the memory of AEMO’s founding Chief Executive Officer, energy reform leader and Monash alumnus Matt Zema, and is designed to support the next generation of leaders to meet Australia's energy sector challenges. It was created with the support of the Energy and Climate Change Ministerial Council and in partnership with the Australian Energy Market Operator (AEMO).
These are example projects listed under the Zema Energy Studies Scholarship. If you would like to contact a supervisor and design an energy related research project, this would be considered. Multidisciplinary projects will be given priority.
**1. Energy price comparison websites impact on residential consumers’ behaviour**
Supervisors: Professor Asad Islam, Professor Russell Smyth and Associate Professor Choon Wang (Economics)
Quantifying how information influences electricity consumers’ behaviour is vital to understanding the potential of demand-side management in the electricity sector. DELWP has initiated the Victorian Energy Compare (VEC) website and the Victorian Energy Upgrades (VEU) program to help Victorian households to reduce their energy bills. Using survey data collected from the website users, this project addresses the questions of whether the existence of such a website creates more competition and lower energy prices, and whether provision of information to electricity consumers results in lower energy bills.
**2. Examining the effectiveness and uptake of electricity pricing mechanisms**
Supervisors: Professir Lata Gangadharan, Associate Professor Anke Leroux and Professor Erte Xiao (Economics)
The project examines the voluntary reduction or shift of electricity use by customers, which can help to keep a power grid stable by balancing its supply and electricity demand. This kind of demand response typically involves paying some energy consumers to voluntarily cut or shift their use of power to better match supply. This project examines the role of monetary and non-monetary incentives through trials of volunteers receiving two separate bills; one with real time price incentives, and the other based on a standard contract, with the volunteers able to choose which bill to pay.
**3. Pricing electricity derivatives**
Supervisors: Associate Professor Guillaume Roger and Dr Ivan Guo
Because electricity is not meaningfully storable, a replicating portfolio that is normally used to enforce the no-arbitrage condition necessary to price derivatives cannot be constructed. Instead practitioners have relied on proxies based on fuel (e.g. coal), because fuel can be stored and the necessary no-arbitrage condition between fuel price and the derivative on fuel can be enforced.
As the energy transition progresses, fewer thermal generators operate and electricity storage arises. This has two consequences: first, no-arbitrage directly on electricity can be considered; second, the fuel-based proxies disappear. This project aims at developing pricing methods that rest on storage rather than fuel. It is steeped in economics and in mathematics.
Business School
**Submit an Expression of Interest (EOI) or To Apply**
**Applications Close**: Thursday 31 October 2024, 5:00pm AEDT
**Supporting a diverse workforce
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Phd Zema Scholarship
4 days ago
Clayton, Australia Monash University Full time**The Opportunity** Monash University and the Australian Energy Market Operator (AEMO) launched the Zema Energy Studies Scholarship in March 2019, a world-class PhD program to develop the nation’s future energy leaders. The Scholarship has been established to honour the memory of AEMO’s founding Chief Executive Officer, energy reform leader and Monash...
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Phd Scholarship in Philosophy
1 hour ago
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Clayton South, Victoria, Australia Monash University Full time $60,000 - $80,000 per yearThe OpportunityIn the face of escalating climate and environmental crises, research in the Humanities, Arts and Social Sciences (HASS), is more critical than ever. HASS disciplines offer the tools to understand the human dimensions of environmental and climate change – our values, cultures, politics, histories, health, communications, geographies, policies...
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