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Report provides insights into energy transition

Report provides insights into energy transition

The transition of the energy grid continues apace and its impacts on how the system operates continue to evolve. The latest GenInsights21 report provides valuable insights into some of the key trends that are emerging, this is based on analysis of extensive generation data. We take a look at its assessment of the expansion of rooftop solar and the implications for the grid.

BY Australian Energy Council May 05 2022
Zero Emissions Dispatchability Discussion Paper

Zero Emissions Dispatchability Discussion Paper

The latest discussion paper in the Australian Energy Council’s series on Australia’s Energy Future focuses on the need for zero emissions dispatchable plant to complement the growth of renewable energy and the retirement of existing coal and gas generation. It also considers the types of zero emissions dispatchable power currently available.

BY Australian Energy Council Apr 28 2022
Cryptocurrency drives energy demand

Cryptocurrency drives energy demand

Cryptocurrency and the best-known form, Bitcoin, has become more widespread over the past few years with more than 3 million Australian’s now owning cryptocurrency. While the focus around Bitcoin has been on its volatility and prices, there's increasing focus on the scale of its demand for electricity and the implications for grids and carbon emissions.

A 50 Hertz incentive: Double-sided Causer Pays

A 50 Hertz incentive: Double-sided Causer Pays

The Australian Energy Council has released a comprehensive study that explores a market mechanism to support Primary Frequency Response from generators and batteries. The four detailed reports – by Intelligent Energy Systems – was jointly supported by the AEC and the Australian Renewable Energy Agency.

BY Ben Skinner & Peter Brook Feb 17 2022
New NEM records set

New NEM records set

New records for negative and zero price periods in the NEM continue to be set. AEMO’s most recent Quarterly Energy Dynamics report shows records were set in all regions, with negative and zero prices across the NEM occurring 16 per cent of the time - more than double the previous record set in the last quarter of 2020.

BY Carl Kitchen Nov 04 2021
Is it time for a full review of WA’s Reserve Capacity Mechanism?

Is it time for a full review of WA’s Reserve Capacity Mechanism?

Reform has been a constant in WA's Wholesale Electricity Market in recent years. The Energy Transformation Strategy was established in 2019 to ensure power system reliability and security. Fast forward, and the same issues that led to that work have amplified, and we now have Stage 2. We look at what it means for the Reserve Capacity Mechanism and generators in the SWIS.

BY Graham Pearson Oct 21 2021
A minimum requirement: Managing the demand drop

A minimum requirement: Managing the demand drop

The challenge posed by falling minimum demand was again in the spotlight with the release of AEMO's latest supply assessment. The 2021 Electricity Statement of Opportunities highlights the major impact the increasing amount of distributed PV is having on managing the grid.

BY Carl Kitchen Sep 02 2021
Increases in negative prices: Is it a positive?

Increases in negative prices: Is it a positive?

If there's one thing the Australian Energy Regulator’s State of the Energy Market report has reminded us, it’s that the National Electricity Market can be a wild ride at times. After the NEM achieved the lowest first quarter for wholesale prices since 2012, the last few months have seen an increase in price volatility.

BY Carl Kitchen Jul 08 2021
Is minimum demand causing a major headache?

Is minimum demand causing a major headache?

AEMO’s Wholesale Electricity Market ESOO offers insight into the future of the WEM and its potential challenges. It presents a confident picture of generation meeting demand over the forecast period, while on the flipside it singles out the massive uptake of rooftop solar PV for causing a significant near-term issue.

BY Graham Pearson Jun 24 2021
Gas and hydro: Back-up in action

Gas and hydro: Back-up in action

The first quarter of 2021 for the NEM's spot market was notable for its lack of notability. But in a measure of the how the NEM can turn, the Q2 Queensland average price to date is $135.83/MWh, versus $42.64/MWh over Q1. We look at how the market almost always successfully responds to the NEM’s variations, and its reliance on hydro and gas-fired generation to keep the lights on.

BY Ben Skinner & Carol Tran Jun 17 2021
Queensland blackout: Should we let the market run?

Queensland blackout: Should we let the market run?

Following a fire at Callide C Power station on Tuesday 25 May, a series of events resulted in multiple generators disconnecting and 2,300MW of demand being interrupted. This was the most severe event in the NEM since SA's black system of 2016. Like all serious power system incidents, there was a complex chain of issues that will take some time to unpick.

BY Ben Skinner May 27 2021
South Australia: Famine one day, feast the next (but one)

South Australia: Famine one day, feast the next (but one)

South Australia could borrow a slogan from another state based on recent vagaries and challenges thrown up by its energy grid. One day it experienced spot prices exceeding $5000/MWh six times between 6pm and midnight and two days later it was reporting near-record minimum demand, which required the step of curtailing rooftop solar to ensure grid stability.

BY Carl Kitchen May 20 2021
Will network operator batteries hurt competition?

Will network operator batteries hurt competition?

Australia is grappling with the rapid change in how and when electricity is generated and consumed. In Western Australia, recent changes to the Electricity Networks Access Code allow expansion of the role of the network operator. Oakley Greenwood has considered what the amendments mean for competition in the Wholesale Electricity Market.

BY Graham Pearson May 13 2021
How do we deal with emerging excess supply?

How do we deal with emerging excess supply?

The economics of traditional plants are well understood, but since their construction, the way they need to operate has changed substantially. This has been driven by a combination of the age of the plants as well as the large influx of renewables, which is changing the supply and demand patterns of the grid.

BY Carl Kitchen Mar 18 2021
Capacity markets: The answer to extreme weather?

Capacity markets: The answer to extreme weather?

The fallout from the Texas blackouts has continued with the question of system reliability front and centre and, along with it, whether a mechanism like a capacity market could have led to a different outcome. We take a look at the US experience along with some of the issues it raises.

BY AEC Mar 04 2021
Dropping demand and plunging prices: Can you have too much of a good thing?

Dropping demand and plunging prices: Can you have too much of a good thing?

The fourth quarter of 2020 saw the NEM reach lowest average demand since Q4 2001 – with SA and Victoria’s spot prices hitting record lows. Are customers benefiting from the price suppression effects of renewable energy generation? Or is the market telling us a different story?

BY Ben Skinner Feb 18 2021
Concerns remain post-Liddell

Concerns remain post-Liddell

On Friday 20 November the modelling undertaken for the Liddell Taskforce was finally released, following the September release of the Taskforce report.

BY Carl Kitchen Dec 10 2020
A fresh challenge: How to account for zero or negative demand?

A fresh challenge: How to account for zero or negative demand?

The continued fall in minimum demand levels to new record lows in South Australia is raising a new challenge for the market.

BY Carl Kitchen Dec 03 2020
NSW Generation: What impact intervention?

NSW Generation: What impact intervention?

This week the Federal Government announced it would be prepared to step in to have 1000MW of dispatchable capacity built to replace the retiring 1680MW Liddell power station in NSW if the private sector does not “step up”.

BY Carl Kitchen Oct 26 2020
Rewiring the nation or rewinding the nation?

Rewiring the nation or rewinding the nation?

On 8 October the Leader of the Opposition, the Hon Anthony Albanese MP, made his reply to the Federal Budget. In it the ALP proposed a $20 billion policy entitled “Rewiring the Nation”. Is this a good idea? We take a look.

BY Duncan MacKinnon Oct 22 2020
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