ESB releases ‘high-level design paper’ for Capacity Mechanism
A short article noting the ESB’s release of high-level design of Capacity Mechanism.
Market Reform
“Rise of the Machines” – the increasing role of auto-bidding and self-forecasting in the modern-day NEM
On Thursday 17th March, Jonathon Dyson presented at the CEC Wind Industry Forum in Melbourne about the increasing role of auto-bidding and self-forecasting in the modern-day NEM. In this article, he shares some of the key points from that presentation.
AEMC Rule Determination on ‘Enhancing operational resilience in relation to indistinct events’
Catching up on recent developments, this AEMC Rule Determination (enabling AEMO to deal with ‘indistinct events’) caught my eye.
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.
AEMO publishes (draft of) High Level Design for IESS (submissions due Fri 11th Feb 2022)
Same day as we released GenInsights21, the AEMO published its High Level Design on how they will implement the AEMC Rule Change determination on Integrating Energy Storage Systems (IESS) into the NEM. Here’s the key dates.
David Leitch’s review of GenInsights21
Occasional guest author, David Leitch, grasped an opportunity for an early read of GenInsights21 – and shares some of his observations here with WattClarity readers.
AEMC publish final determination on rule change regarding the integration of storage systems into the NEM
Earlier today, the AEMC released a final determination on a market rule change regarding the registration and participation of storage systems in the NEM.
How much did it *actually* cost – the implementation of Five Minute Settlement?
Some of our readers might be able to help us answer this question …
AEMC proposes PFR to remain mandatory–and big changes to causer-pays
The AEMC recently published a draft determination on Primary Frequency Response – proposing it remain mandatory, and to introduce big changes to the causer-pays process, including payments for good performance.
What does ‘Forecast Convergence’ for MT PASA DUID Availability help us understand, about the ESB’s Final Advice?
Following from the ESB’s Final Advice, and inspired by the one year anniversary of publications the MT PASA DUID Availability data sets by AEMO (thanks to the ERM-sponsored rule change) we take a quick look about both initiatives might mean for each other. More to come in GenInsights21, time permitting.
ESB’s Final (or perhaps not so final?) Advice to Energy Ministers finally sees the light of day!
On Thursday 26th August 2021 (a little over 4 weeks after it was provided to the Energy Ministers by the Energy Security Board), the ESB’s Final Advice to Energy Ministers has been publicly released.
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.
ESB provides ‘finalised’ Energy Market Redesign advice to the Energy National Cabinet Reform Committee.
Some brief notes following the ESB’s Media Release about its ‘finalised’ market redesign advice today.
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.
P30 Predispatch forecasts after 5-minute settlement–what do they mean?
30-minute pre-dispatch provides critical forward price information to the NEM – but what exactly will it mean after five-minute settlement? Marcelle takes a look.
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.