RenewEconomy
News and analysis for the clean energy economy
A power struggle is brewing between Australia’s energy incumbents and advocates for market reform over what will be one of the most important components of Australia’s future grid – wholesale demand response.
Consultation begins on AEMC 5-minute settlement rule – the 2021 change to market settings experts say will end current gaming by gas generators.
In strong sign that the country’s energy market rule-makers and regulators are finally trying to keep pace with technology, AEMC flags a rule change in virtual light-speed.
Energy consumer advocates note “welcome changes” in draft determination proposing “enhancements” to emergency demand response mechanism.
AGL has given 7 years’ notice of its plans to shutter Liddell – but a new rule finalised by the AEMC means Australia’s ageing coal plants must notify AEMO at least 3 years ahead of permanent closure.
Energy rule-maker says market gaming “not an issue”, but says Tesla and other batteries will be able to use re-bidding practice to lower prices, rather than inflate them, and are already doing so.
Australian Energy Market Commission makes final rule for AEMO to establish register of distributed energy resources in the NEM, including small-scale battery storage systems and rooftop solar.
AEMC rule changes would give consumers more control over the energy market, and reduce the ability of generators to exploit their market power. This could be a huge win.
Bational register of Australia’s home battery installations would cost around $10m, but would remove potential huge “blind spot” and could improve power system security.
Demand tariffs are controversial, but if properly done they could work for everyone. We just need the network owners to do the right thing.
