On 25 February, Cornwall Insight hosted its first Net Zero Business Forum of the year. The Net Zero Business Forum provides insight and analysis for businesses and public sector organisations looking to decarbonise their power, heat and transport needs. This online bi-monthly forum keeps members up to date with the latest policy and regulatory changes and outlines the implications for their roles and organisations.
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Related thinking
Commercial and market outlook
Nobody said it was easy, but it’s time for us to part: VIC’s climate targets & coal
In 2017, the Victorian Government legislated a state target of net-zero greenhouse gas emissions by 2050. Since then, short-term targets have been set in five-year increments, with the 2030 target being to cut emissions by 45-50% below 2005 levels. The Government is currently consulting on the 2035 target, which must...
Low carbon generation
Lower energy prices? More than just hot air
The Victorian Government launched Australia’s first offshore wind targets as part of its transition towards a net-zero emission future. According to the target, 9GW of offshore wind will be installed by 2040, nearly quadrupling the total wind capacity in VIC. In this Chart of the week, we dive into the...
Commercial and market outlook
Hogging the spotlight: the opportunity in the evening peak
As the duck curve steepens and renewable energy penetration increases in the NEM, we briefly examine revenue share by time of day and highlight the growing opportunity in the evening peak. Will this become the new normal, with revenues increasingly concentrated in just one part of the day? Or will...
Energy storage and flexibility
Seasonal frequency in the NEM: is VRE continuing to drive it?
Frequency control remains a challenge for AEMO. New PFR (primary frequency response) provisions established in March 2020 will help AEMO to control frequency more efficiently. However, is it yet to be seen how market participants will be incentivised to participate in PFR market. In light of the rapid growth of...
Commercial and market outlook
Is the NEM going off schedule?
Is the NEM getting harder to control with rising variable renewable generation and distributed photovoltaic growth? AEMO’s balancing of scheduled supply is critical to ensure the system remains stable and wholesale prices work efficiently. This Chart of the week briefly examines if the NEM is “on schedule” to meet this...
Commercial and market outlook
Round and round it goes, where the loop flow stops, nobody knows
A by-product of how market boundaries are defined, loop flows are phenomena in electricity markets that manifest as flows going in one direction across parts of a network loop and goes the opposite way in other parts of the same network loop. Regardless of whether the market design is nodal...
Commercial and market outlook
Residues of negative pricing
Building on the last two Charts of the week, the rise in the frequency of negative wholesale energy prices in the NEM has impacts beyond the price of electricity. In this Chart of the week, we take a closer look at the impact of negative pricing on Inter-Regional Settlement Residue...
Commercial and market outlook
Duck, duck, goose: bigger bellies and longer necks
The last few months have been littered with record low demand in the system, highlighting that the ducks of the NEM continue to arch their backs lower and lower. In this Chart of the week, we zoom out on the changes to scheduled demand and in the variability of the lowest and...
