VRE pays more as PFR helps reduce coal FCAS costs

In our previous ‘Chart of the week’ in November 2020, we reviewed the increasing percentage of causer pays cost that solar generators bear due to their generation profiles and how this results in them paying significantly more of the causer pays cost as a ratio of the generation they provide. More than six months on, […]

“I feel the earth move under my feet”: from high to lows

We have seen a dramatic shift in FCAS price fortunes over the past year or so, going from all-time highs of ~$229.3mn in Q1 of 2020 (due to the separation event) to only ~$40.1mn in Q1 2021. Since 2019 we have also seen regulation raise prices decline from robust prices in July to Dec 2019, […]

Energy Spectrum Australia | Issue 18

Welcome to the eighteenth edition of Energy Spectrum Australia. The below extract has been taken from our eighteenth edition, and if you have enjoyed reading this article and want to read more about the latest developments in the Australian energy market, please contact Ben Cerini, b.cerini@cornwall-insight.com.au for more information. Victorian Electricity Feed in Tariff drops by […]

Round and Round the Market: Black Coal vs Batteries

This year appears to be the year of the battery, with the volume of projects that have been announced or in some stage of planning approaching the 10GW mark it is worth taking a look at how batteries are performing in the FCAS markets over the last two years. Currently FCAS revenues make up somewhere […]

Energy Spectrum Australia | Issue 17

Welcome to the seventeenth edition of Energy Spectrum Australia. The below extract has been taken from our seventeenth edition, and if you have enjoyed reading this article and want to read more about the latest developments in the Australian energy market, please contact Ben Cerini, b.cerini@cornwall-insight.com.au for more information. AGL CEO indicates new direction for company […]

Energy Spectrum Australia | Issue 16

Welcome to the sixteenth edition of Energy Spectrum Australia. The below extract has been taken from our sixteenth edition, and if you have enjoyed reading this article and want to read more about the latest developments in the Australian energy market, please contact Ben Cerini, b.cerini@cornwall-insight.com.au for more information. AEMO makes recommendations to mitigate frequency risks […]

Yesterday, [battery storage] was such an easy game to play

FCAS continues to drive the majority of revenues for battery storage in the NEM (there are five active utility-scale battery storage projects operating in the NEM; three in SA and two in VIC), however given the forecast pipeline of prospective storage projects (with two 500MW+ projects having already been announced in 2021), it is unclear […]

Energy Spectrum Australia | Issue 15

Welcome to the fifteenth edition of Energy Spectrum Australia. The below extract has been taken from our fifteenth edition, and if you have enjoyed reading this article and want to read more about the latest developments in the Australian energy market, please contact Ben Cerini, b.cerini@cornwall-insight.com.au for more information. EMO to build new DER marketplace for […]

“You only get one shot, do not miss your chance to [dispatch]”

We have had a number of contingency events this year that have stretched the electricity market to it limits including bushfires, high winds and high temperatures. These are all weather events that we can expect will continue into the future, putting continue stress onto electricity infrastructure (see CSIROs report). These are the events we saw […]

Energy Spectrum Australia | Issue 14

Welcome to the fourteenth edition of Energy Spectrum Australia. The below extract has been taken from our fourteenth edition, and if you have enjoyed reading this article and want to read more about the latest developments in the Australian energy market, please contact Ben Cerini, b.cerini@cornwall-insight.com.au for more information. Energy Networks Australia argues case for gas […]