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Finding a better energy deal: It's easy to switch

Finding a better energy deal: It's easy to switch

Engaging with the retail market is remarkably easy, and for people with a smart meter on the eastern seaboard of Australia, choosing a new electricity retail offer can be a simple choice.

BY Ben Barnes Nov 25 2021
Electricity price trends: Breaking down the costs

Electricity price trends: Breaking down the costs

The AEMC’s residential electricity price trends report shows the ongoing fall in power prices for households. We take a look at the report, what’s behind the price reductions, and break down costs across the states.

BY Carl Kitchen Nov 25 2021
Are EVs an election battleground?

Are EVs an election battleground?

The Prime Minister Scott Morrison recently announced the Federal Government’s ‘Future Fuels and Vehicles Strategy’, which commits to spending $250 million on electric vehicle charging infrastructure as part of the push to net zero by 2050.

BY Hamish Fitzsimmons Nov 11 2021
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
Electricity does heavy lifting on emissions reductions

Electricity does heavy lifting on emissions reductions

The Federal Government has unveiled its net zero emissions by 2050 target and projections for economy-wide emissions. The projections show the heavy lifting that's occurred from the electricity sector and flags the continued leading role the sector will play in reducing the country’s greenhouse gas output. But it also shows more needs to be done by other sectors to reach its 2050 target.

BY Carl Kitchen Oct 28 2021
Five-minute settlement starts

Five-minute settlement starts

A momentous change in the National Electricity Market occurs at midnight. Energy will no longer be settled in 30-minute slices, instead each five-minute interval will be settled against its own dispatch price. Sound simple? Conceptually perhaps. But hundreds of millions of dollars were invested to make it happen and it’s affected all parts of the industry.

BY Ben Skinner & Ben Barnes Sep 30 2021
Greenwashing: Don’t get taken to the cleaners

Greenwashing: Don’t get taken to the cleaners

As the world transitions to a cleaner energy future, many high-profile companies have pledged to reduce their emissions and align themselves with a net-zero future. Making a pledge is not the same as meeting a pledge, and this can give rise to claims of greenwashing. What does the law say about greenwashing? And what does it mean for the energy transition?

BY Rhys Thomas Sep 09 2021
Putting some momentum in inertia

Putting some momentum in inertia

The AEC has published a new report by MarketWise Solutions on the introduction of an Inertia Market into the NEM. For some time industry has been aware of the need for a mechanism to recruit inertia to support the NEM as it transitions. We look at what it is, it’s challenges, and four different approaches on how this missing market could be filled.

BY Ben Skinner Sep 02 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
Paying for Primary Frequency Response: Detailed work underway

Paying for Primary Frequency Response: Detailed work underway

Work is underway to study the pricing of frequency deviation in the NEM and the use of a double-sided causer pays mechanism to manage and encourage Primary Frequency Response services, which are currently mandated from scheduled and semi-scheduled generators and batteries.

BY Carl Kitchen Aug 26 2021
Is degasification plausible?

Is degasification plausible?

As energy consumers, we are always looking at more efficient and cost-effective ways of heating and cooling our homes and workplaces. In the southern parts of the country, gas remains a mainstay of heating as many still think it is cheaper than electricity, which is often not the case. But is degasification plausible?

Four pathways to decarbonisation

Four pathways to decarbonisation

The release of the latest UN IPCC report has reignited debate about how quickly Australia should decarbonise and a federal commitment to net zero emissions by 2050. The CSIRO, in conjunction with ClimateWorks Australia, has undertaken an assessment of decarbonisation scenarios for Australia.

BY Carl Kitchen Aug 12 2021
Future governance of the NEM: Where to from here?

Future governance of the NEM: Where to from here?

Now that the Energy Security Board has delivered its final advice on the proposed redesign of the National Electricity Market, it's timely to consider what governance structures might be required to support the effective delivery of a Post 2025 NEM. We look at the history and future governance of the NEM. 

BY Sarah McNamara Aug 05 2021
100% renewable grid: A journey through uncharted territory

100% renewable grid: A journey through uncharted territory

AEMO received headlines with its goal of delivering capability for the grid to manage 100 per cent renewables at any moment by 2025. The announcement was generally well-received but, unfortunately, misreported as targeting the running of the NEM entirely on renewables. Industry participants may ask why AEMO would be indicating a 100 per cent renewables capability by 2025, which is not to say that progress towards a lower emissions market isn’t welcome.

BY Hamish Fitzsimmons Jul 22 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
Texan energy crisis: Lessons for Australian electricity markets

Texan energy crisis: Lessons for Australian electricity markets

In February Texas endured a winter storm that dragged temperatures well below freezing. Electricity generation plant and gas infrastructure proved unprepared for these temperatures and around a third of the state’s effective capacity went offline for some or all of this period, just as demand was spiking to a new winter record.

Customer benefits don’t necessarily benefit the customer

Customer benefits don’t necessarily benefit the customer

A perennial discussion in energy market policy is the contest between what we are ultimately trying to achieve: “customer benefits” or “market benefits”. When making market rules, or building monopoly assets, rules require that we assess “net market” benefits. A number of recent government policies have been justified on customer benefit assessments alone.

BY Ben Skinner Mar 18 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
End of era with Yallourn closure

End of era with Yallourn closure

Yallourn has been home to a coal-fired power station for 100 years, but it was recently announced that this would come to an end in 2028 with the closure of the current four unit Yallourn W power station. In providing seven years notice of closure, EnergyAustralia has given the market, policy makers and government time to adjust and avoid shocks. We take a look at the announcement and some history of the power station.

BY AEC Mar 11 2021
Engagement and governance key to success

Engagement and governance key to success

The Australian Energy Market Operator is undertaking reviews of its stakeholder engagement and governance processes. To help inform these inquiries, the AEC and ENA commissioned a report that has provided a range of recommendations.

BY AEC & ENA Feb 04 2021
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