The Australian Energy Market Commission, the country’s rule maker for electricity and gas markets, has this morning released proposals to reward fast frequency services in the National Electricity Market for the first time.
Battery energy storage developers might consider the findings of new research by Cornwall Insight Australia, that batteries located in South Australia last year earned the most from supplying Frequency Control Ancillary Services to the NEM, and that New South Wales also offers fertile ground.
As one of the world leaders in PV+storage deployment, Australia has ample opportunity to develop a two-way energy system that could provide critical services to the grid and deliver additional revenue streams for rooftop PV and battery prosumers. Although still in their early days, some virtual power plant (VPP) projects are already proving their worth.
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