The top 10 batteries under FPP
In his second article, Jack Fox uses the Non Financial Operation (NFO) data to take a look specifically at batteries, and how they would have performed under FPP.
Market Reform
An initial look at Winners and Losers from Frequency Performance Payments (FPP)
In his first article, Jack Fox reports some initial observations from a review of the Non Financial Operations (NFO) data that's been published since Dec 2024.
Three headline observations, about the use of proxies for System Frequency in Frequency Control mechanisms
Various authors have shared articles about frequency, frequency control and Regulation FCAS in recent times (including 6 from Linton). Here's three things that jumped out to me in these pieces of analysis.
Comparing Frequency Measures (Frequency, FI, FM)
The faster-moving nature of the FM, with the introduction of FPP, removes predictability in the indicator for frequency performance.
AER wrote letters to Semi-Scheduled participants (and others) with respect to ‘Expectations surrounding the use of self-forecasting’
At the end of February 2025, the AER wrote to Semi-Scheduled generators, and other interested parties, warning of the AER’s concerns about self-forecasting practices.
Only 14 weeks to go until Frequency Performance Payments
Full financial operation commences 8 June 2025.
Incentivising primary frequency response
The implementation of the Primary frequency response incentive arrangements rule is driving change in how system frequency is controlled and paid-for. The changes stem from how the NEM will incentivise primary frequency response. 6...
Hot chips, algorithms and electricity markets
Declan Kelly thinks through and discusses competition issues that could arise from the increasing proliferation of auto-bidding software by big batteries in the NEM - and suggests some pre-emptive steps that that could be...
AER published ‘Semi-Scheduled Generator Compliance Bulletin’ on Tuesday 4th February 2025
Two weeks after the AER published its updated Compliance Bulletin (and Compliance Checklist) for Semi-Scheduled units, we've finally found time to note about it.
The forgotten market and its critical role in Australia’s transition to clean energy
Anita, Lachlan, and Gilles from ERM Energetics share their thoughts on how financial electricity derivatives must evolve as the energy transition speeds up.
NEM batteries transitioned to bidirectional units in 2024
Units typically cut over to their BDU counterpart in 2 weeks once the BDU was registered.
AEMC grants ‘urgent’ Rule Change Request for Port Lincoln and Snuggery as out-of-market reserve
On Wednesday 15th January 2025 the AEMC decided to make a temporary rule change (which will come into effect from 23 January 2025) relating to mothballed Snuggery and Port Lincoln power stations in South...
AEMC Final Determination in ‘Integrating price-responsive resources into the NEM’
Another for your Xmas Reading List? This one from the AEMC, in publishing its Final Determination last Thursday 19th December 2024 for the ‘Integrating price-responsive resources into the NEM’.
Final Report from the Select Committee on Energy Planning and Regulation in Australia
On Friday 20th December 2024 we saw the release of the Final Report from the Select Committee on Energy Planning and Regulation in Australia, which has been run by the Australian Senate in recent...
Locations of last week’s CIS winners vs known areas of congestion
After a suggestion from a reader, Dan plots the locations of the 19 winning CIS projects announced last week against economic and network curtailment data.
Very fast FCAS, 2024 in review
A 2024 review of the trend in the very fast FCAS services captures enablements, availabilities and costs.
Standalone solar and wind dominate list of 19 successful projects from latest CIS tender
Nineteen projects were announced as winners in the government's CIS announcement yesterday - including seven standalone solar farms and six standalone wind farms.
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.
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).
AER sends clear message on self-forecasting behaviours
Semi-scheduled generators shouldn't treat self-forecasts as commercial parameters. The regulator holds significant concerns with the biasing of self-forecasts for commercial benefit.