Market Reform





FPP-Reg-FCAS Recovery a year on: results and behaviours

In part three of this series, David Scott examines the first year of FPP-Reg-FCAS Recovery settlements, revealing which technologies paid and which were paid, and showing how semi-scheduled wind and solar farms, scheduled generators and batteries have each responded to the new incentives.


How MPFR, AGC and FPP-Reg-FCAS Recovery work together

In part two of this series, David Scott dives into AEMO's 4-second FPP data to show how dispatch errors are classified as good or bad, how Regulation FCAS usage is measured, and how these calculations translate into FPP payments and Reg-FCAS Recovery charges.







Early application of revised transmission STIPS

Another short article that might be somewhat cryptic to some readers – pointing to today’s Final Determination from the AEMC about the ‘Early application of a revised transmission Service Target Performance Incentive Scheme’ (a.k.a. STIPS).




Review launched, of AEMO Governance

On 5 February 2026, the Minister for Climate Change and Energy announced a review of the governance arrangements of the Australian Energy Market Operator (AEMO).



Semi-dispatch caps are loading the deviation dice

Following a growing number of articles on WattClarity about “VRE under-performance dragging frequency down”, guest author Allan O'Neil takes a look at how the one sided nature of the SDC plays a role - and suggests a possible action that would help.




Runway cost allocation – ready for liftoff?

Allan O'Neil unpacks a proposal under consideration by the AEMC to apply “runway” cost allocation to contingency FCAS, explaining how this could materially change who pays for frequency security in the NEM.