Australia’s energy market operator has warned Australia’s exit from from coal and transition to a renewable grid is coming faster than almost all of us would have predicted.
AEMO reports detail how Tesla big battery helped keep the lights on last summer, smashed prices in specialised markets, and made money for itself from price arbitrage.
AEMO again stresses vital role that demand management solutions – and not more baseload coal – will play in the safe, stable and economic running of Australia’s electricity grid, as it transitions away from centralised fossil fuel generation and towards distributed renewables.
AEMO and ARENA again plead for changes to market rules to keep pace with extraordinary change of technology. Australia’s over-buit grid is locked in 20th century, with much capacity sitting idle and peaking plants trying to recoup a year’s revenue in just a few hours.