Peak raise regulation FCAS volumes drop by 72MWs

It is helpful to understand Frequency Control Ancillary Services (FCAS) as FCAS price forecasts are needed to estimate generator and customer costs, as well as possible revenues for new and existing ancillary service providers. AEMO procures regulation FCAS to balance frequency during normal operation. From May 2019, AEMO has procured a base of 220/210MW in […]

Is the market putting the brakes on distributed solar exports?

In most states, electricity retailers determine and set their own rooftop solar feed-in tariffs (FITS). A major driver is the wholesale energy prices, which continue to decline midday. For more information, please refer to our previous Chart of the Week issue 76. As the solar weighted wholesale energy prices reduce or become negative, it reduces […]

Hydrogen plants could profit in South Australia

The South Australian Labor party has committed to building a hydrogen production, storage and electricity generation facility if elected at the next SA State election. Their proposal includes a $220 million 250 MWe electrolyser, $31 million for 3,600 tonnes of liquefied hydrogen storage and $342 million for a 200MW CCGT power station. Their plan highlights […]

Green hydrogen costs plummet, LNG prices soar

The ACCC currently calculates the LNG netback price as the price a gas exporter could receive for gas exports excluding the costs to convert and ship the gas. Asian cold weather and supply bottlenecks have driven the February LNG netback price to nearly $20 a gigajoule, more than double the previous month, which in itself […]