Five Minute Settlement has commenced … but beware some tripwires!
It’s quite early Friday morning, 1st October 2021 … and Five Minute Settlement has commenced. Here’s a *very* early initial look.
AEMC Rule Change
AEMO says – all systems go, for Five Minute Settlement
Sharing the AEMO’s email this morning alerting the market to the ‘full speed ahead to 5MS’ notice.
AEMC launches two related reviews into the framework for Transmission Development
A brief weekend note about two initiatives commenced by AEMC on Thursday 19th August 2021 – both related to transmission development.
AEMC published Draft Rule on Energy Storage Systems
Coincident with the AEMC’s Final Determination yesterday (Thu 15th July) on FFR, there was also the Draft Determination published on Energy Storage Systems. Here are some (very) early thoughts…
AEMC published Final Rule on Fast Frequency Response (FFR)
A quick note following AEMC publication of final determination on Fast Frequency Response (FFR).
AEMO rule change proposal – replacement of ST PASA process, and data set
Last week, the AEMO submitted a rule change request to the AEMC for a redevelopment of the ST PASA process (and data sets published – to facilitate what would be a great increase in market transparency).
AEMC publishes draft determination on application to lower Registration threshold for Generators
On Thursday last week the AEMC published a Draft Determination in response to an application by AEC to combat one form of ‘Villain #8’ in relation to Registration of generators under the mandatory 30MW registration threshold.
Using ‘MT PASA DUID Availability’ widget in ez2view to compare unit availability with expectations prior to Q2 2021
Following Saturday’s review of changed expectations for Callide Power Station and Yallourn Power Station, I took a look at aggregate expectation by fuel type. Here’s a belated article with the results.
Potential Tripwire #1 = the ‘invisible’ 5-minute Trading Periods?!
In this article we discuss the 1st of 3 Potential Tripwires that wholesale market participants and others will encounter from October 2021 … with Tripwire #1 coming from the implementation of Five Minute Settlement.
Three potential tripwires looming in October 2021, for those who are not wary
A short article, flagging three potential tripwires we’d like to ensure NEM participants and other stakeholders are aware of in the lead-up to two significant market changes from October 2021.
Moving from mandatory PFR to an arrangement that’s more durable
A quick synopsis of some market reforms at the AEMC relating to system frequency.
FCAS goes from fast to very fast
Just under 3 weeks ago (on 22nd April 2021) the AEMC published a draft determination that would establish ‘Fast Frequency Response’ as an additional (i.e. 9th and 10th) FCAS service in the NEM. We take a brief look.
ESB releases Options Paper on post 2025 market design … is it a ‘NEM 2.0’ design to get us beyond 2040?
A quick note to alert our readers that the ESB has published an Options Paper today on the post 2025 Market Design (with submissions due Wed 9th June 2021).
AEMC publishes Rule Determination on Semi-Scheduled Generators
This morning the AEMC has published its final rule focused on clarifying how Semi-Scheduled generators should follow dispatch targets – including in dispatch intervals where prices are negative, and some had been unexpectedly switching off.
Making demand response work with negative prices
A recent development over in the WEM (paying energy users to consume, when there’s too much solar and wind) highlights the lack of foresight in the NEM … where we’ve implemented a significant reform (yet to start) that will do nothing to address negative prices.
AEMC publishes draft rule change for Semi-Scheduled generators
Today (Thu 19th Nov 2020) the AEMC published a draft ruling following the AER request for a rule change relating to Semi-Scheduled generators … which itself followed from two COAG Energy Council requests to them
AEMC proceeds to fast-track consideration of the AER’s semi-scheduled generator dispatch obligations rule change
A brief note to inform readers that the AEMC is fast-tracking consideration of the AER’s Proposed Rule Change on Semi-Scheduled assets … but also to reinforce our view that the challenge is MUCH broader than is being addressed here.
AER releases proposed rule change for Semi-Scheduled generators and dispatch instructions
Following the consultation process conducted by the AER (stemming from their Issues Paper 3 months ago) the AER has today submitted a rule change request to the AEMC relating to Semi-Scheduled generation.
ESB releases ‘Post 2025 Market Design Consultation Paper’
This morning (Mon 7th Sept 2020) the ESB released its Discussion Paper into the design of NEM 2.0 – with 7 different work streams suggested (and submissions due 19th October 2020).
Extrapolating from the trend of ‘Aggregated Raw Off-Target’ results, to yield some clues to what the future might hold … and one challenge for NEM 2.0
Following on from Friday’s article (which considered the AER Issues Paper) this article delves into more detail of those extremes of ‘Aggregate Raw Off-Target’ across all Semi-Scheduled units that have been recorded over the past 10 years. There’s a clear clustering of cases in 2019 – what does it mean?