Submissions open today for the ‘Nelson Review’ into the NEM
The recently announced ‘Nelson Review’ has opened the initial consultation process from today. Submissions will be open until the 14th of February 2025.
market reform
Frequency Performance Payments project commences non-financial operation, 9th December 2024
AEMO’s Frequency Performance Payments (FPP) project has commenced in production today under “non-financial operation” (NFO).
Tim Nelson to lead new review into wholesale market reform
Chris Bowen this morning announced a new four-person independent panel, who will be given roughly 12 months to review and provide reform recommendations on “wholesale market settings”.
Some thoughts (part 1) about the design paper for the implementation of the proposed Capacity Incentive Scheme
This is the first of a two part discussion on the Capacity Investment Scheme (CIS) Implementation Design Paper (The Paper) released on 1 March 2024. This part will cover its broad objectives and implications. The second part will discuss some…
Consultation opens (and webinar next Friday) on Design Paper for ‘Capacity Investment Scheme’
On Thu 29th Feb 2024 (a day when NSW saw high demand, was stretched in terms of available capacity, and benefited from the electricity and other services provided by soon-to-close Eraring) the Dept of Energy in Canberra released a Design Paper on the expanded Capacity Investment Scheme. A very appropriate day for release …
Consultation on ‘Orderly Exit Management Framework Framework’ for coal units
A short article (day after release) about the proposed ‘Orderly Exit Management Framework’ for coal units
The *other* market change that went live today (Monday 9th October 2023)
A short note about the publication of a richer MT PASA DUID Availability data set in ez2view v9.8 – made possible as a result of the other change that goes live in the NEM on Monday 9th October 2023
Very Fast Raise and Lower FCAS markets to start on 9 October 2023
Very Fast FCAS, because it operates at a faster timescale, can arrest the rise or fall in frequency more rapidly than the current fast service and therefore provides an avenue to mitigate the costs of needing to procure increasing levels of the existing fast service. The markets (raise and lower) are going live on 9 October 2023.
Case Study of high AggSchedTarget on Thu 30th Jan 2020 and Fri 31st Jan 2020 (part 1!)
In this article we delve in deeper on Thu 30th Jan and Fri 31st Jan 2020 … two days that saw extreme levels of ‘Aggregate Scheduled Target’ (i.e. AggSchedTarget – a requirement for firming capacity). A timely review, given two developments arriving tomorrow (on Thursday 31st August 2023).
An imminent improvement to the bidding and dispatch process for Semi-Scheduled units
AEMO is re-enabling the ‘MaxAvail’ figure in bids for Semi-Scheduled units. It will act as a limit on capacity available, feeding into the NEMDE dispatch process for the unit. We look at how Semi-Scheduled plant have currently been treating MaxAvail in the bid and share some insights.
AEMO’s MMS 5.2, ez2view v9.7, Semi-Scheduled MaxAvail in the Bid, and a self-forecasting example
Today (Tue 23rd May) is the go-live date for AEMO’s EMMS v5.2 – which will contain new data for some market enhancements. Here’s a quick look at where this first change will appear in ez2view, highlighting some considerations for Semi-Scheduled units and self-forecasting.
What does ‘Rethinking Capitalism’ mean, for the National Electricity Market?
We thought it would be worth linking to Jim Chalmers’ article this week in The Monthly, as it seems these ideas will have (more) implications for the National Electricity Market.
Discussion Paper released with respect to adding Emissions Reduction into the NEO
A consultation paper (emissions reduction objective in the NEO) has been released, with submissions due 7th Feb 2023.
(belatedly) one year on from Five Minute Settlement
In GenInsights Quarterly Update for Q3 2022 we included an Appendix exploring what we could observe ‘One Year on from Five Minute Settlement’. In this article we share a small slice of what we learnt…
Back to the future
Greg Thorpe of Oakley Greenwood discusses some of the latest developments in the electricity sector which could be described as ‘back to the future’.. and provides a forecast of what might follow.
Today’s presentation to CEC’s Market & Grid Directorate
On Monday 1st August 2022 we provided a presentation to the CEC’s Market & Grid Directorate
AEMO published (final of) High Level Design for IESS
On 7th July 2022 the AEMO published the final ‘High Level Design’ for the IESS implementation.
On the fringes: the outer edges of the NEM remain the most prone to volatile MLFs
To mark the end of the financial year, Dan Lee writes this explainer about MLFs and gives some examples of noticeable long-term MLF trends within the NEM.
ESB releases ‘high-level design paper’ for Capacity Mechanism
A short article noting the ESB’s release of high-level design of Capacity Mechanism.
How should the AER’s wholesale monitoring responsibilities change, to suit the changing market environment?
On Tuesday 21st December 2021 the AER requested the AEMC to consider changing the prescriptive requirements in the Rules for the AER to analyse particular types of market outcomes in particular ways, and instead provide the AER more flexibility in what its analysis covers.