5-minute settlement, battery smarts make Hazelwood battery a reality
The impression of another big battery being installed on the site of one of Australia’s recently decommissioned “coal clunkers” was lost on few. Battery system provider Fluence says the Hazelwood Battery Energy Storage System’s business case was bolstered by recent reforms and new technology to take advantage of rapidly changing wholesale electricity market dynamics.
Looking beyond 5-minute settlement to tariff models that show how flexible energy retailers can be
Processing nightmare, or product opportunity? Impending five-minute settlement comes at a difficult time for energy retailers. Software from across the ditch could help highlight the benefits and opportunities of more solar and a forecast uptick in battery energy storage.
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.
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.
