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5 minute settlement

October’s QLD energy price spike ‘harbinger of things to come’

On Tuesday 13th October 2020 Queensland’s electricity spiked from approximately $25/MWh to $15,000/MWh (the current market price cap) in response to a tripping incident involving the constraint of 11 solar farms and one wind farm. The event is being seen as illustrative of just what needs to be addressed in the design of NEM 2.0.

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NEM 5-minute settlement delayed until 2022

Australia’s energy regulators say their COVID-19 power plan released last week is designed to ease regulatory pressure on the industry and strike a balance on reforms and changes: some must continue at pace while others will be slowed or deferred.

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