Very Fast FCAS – a week in review
The new 1-second FCAS markets have been operational since the 9th October. We take a look to find out how it has fared.
The new 1-second FCAS markets have been operational since the 9th October. We take a look to find out how it has fared.
Because we’ll be referring back to it in future, we’ve lifted out Figure 8 from the MASS version 8 (p36/39) and included it here in this belated (and back-dated) article
A quick record of a new 'lowest ever' point for Market Demand in NSW on Sunday 8th 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...
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...
Today the Australian Energy Regulator released its annual 'State of the Energy Market' report that highlighted rising retail prices and a higher concentration of flexible generation asset ownership.
Echoing a question we've been asked - about the extent to which rooftop PV has been curtailed as a result of these minimum demand points.
Looking back at yesterday (Sun 1st Oct 2023) it appears to also have seen a lowest point for NEM-wide demand by both measures ... lower than the low point set ~2 weeks prior.
Also noteworthy on Sunday 1st October 2023 was a lower point for 'minimum demand' seen in South Australia ... with 'Market Demand' down to -37MW and 'Operational Demand' down to 5MW (just above 0MW)
Sunday 1st October 2023 and the 'minimum demand' point for the QLD region (measured by 'Market Demand') has fallen lower still on a sunny spring long weekend.
Following his presentation at All-Energy in Melbourne last week, David Dixon reports on the state of the NEM's ambition to reach 82% renewables by 2030.
In this guest-authored article, Connor James explains the upcoming changes to the DMO, including the much publicised Solar Sharer Offer (SSO), and potential implications for energy sellers in NSW, SEQ, and SA.
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