Cornwall backs new FCAS markets to deliver big profits for batteries
“Substantial” profits available in the recently introduced Very Fast Frequency Control Ancillary Services markets will lead to a surge in battery involvement according to new data provided by energy market consultancy and research group Cornwall Insight Australia.
Is the sun setting on utility solar?
The Federal Government has legislated emissions reductions of 43% below 2005 levels by 2030. Sourcing electricity from renewable technologies is fundamental to meeting this, with a much-publicised target of 82% renewables in the grid by 2030 – up from a current value of 38% over the last year.
Analyst suggests rule change could reduce battery funding
Energy market analyst Cornwall Insight Australia has flagged that proposed new rules for the operation of big batteries could have negative effects on the energy storage market, suggesting the changes could reduce the revenue streams available to batteries and cut their lifespan.
VNI West Project could delay the retirement of coal generators
Analysis conducted by Cornwall Insight Australia reveals that certain coal plants in New South Wales may benefit from delaying their retirement, following the release of new plans for the VNI West transmission project.
It’s the Liddell things that matter
AGL Energy last week shut its Liddell coal-fired power station in the Upper Hunter, ending generation from the site after more than five decades. Cornwall Insight Australia energy market analyst intern Darshitha PP takes a look at how the grid coped after the unit went offline.
NSW power prices to surge during peak periods after Liddell power station closure
According to findings by Cornwall Insight Australia, this week’s closure of Liddell Power Station is expected to drive up average power prices during peak periods in New South Wales (NSW). Prices, particularly in the summer, are expected to be higher compared to the previous three years.
Crying over spilled solar – how much can a battery help?
With energy storage critical to the future of sustainable energy, Cornwall Insight Australia Energy Consultant Con Dimitrakakis examines how operators can optimise the trading profit of a solar-storage hybrid system when wholesale market prices are low and solar energy generation is high.
Incentives for off-peak charging of electric vehicles could ease stress on the Australian grid
New data from Cornwall Insight Australia’s EV uptake model shows that under an extreme scenario, 22 million electric vehicles (EVs) are expected to be part of the National Electricity Market (NEM) states’ fleet by 2052.
Lean, clean, electrolysing machines – how clean is Australia’s hydrogen future?
Cornwall Insight Australia energy consultant Con Dimitrakakis explores how “clean” the hydrogen produced in Australia by a grid-connected electrolyser could be, depending on its location and change in variable renewable energy penetration into the grid.
State of Storage: Investigating battery profit for NEM states
It has been an interesting year for Australian energy markets, facing unprecedented high energy prices, coal outages, and market suspension. In this Chart of the Week, we investigate the impact a battery energy storage system would have made during FY 2022.
