I can be your hydro baby, I can ramp away the pain

The recent suite of energy market reforms proposed by the Energy Security Board (ESB) has prompted much discussion about the type of capacity that needs to be procured in a future NEM that seems certain to have a very high penetration of variable renewable energy (VRE).

In this Chart of the week, we focus on the minute-to-minute firming required to accommodate rapid changes in VRE output and take a look at Victoria to understand what supply technologies are currently leading in providing upwards ramping capability.

Login in or sign up for free to keep reading.

Get in touch to learn more about our Consultancy and Insight Services.

Shaz Billimoria

Shaz Billimoria

To keep reading, please log in to your account or sign up for free

Alternatively, please sign up to receive free market insight online and direct to your inbox

Log in or sign up for free
Contact us

Related thinking

Low carbon generation

Surge in value for waste-derived RGGOs

In August we published the findings from the July-22 edition of our quarterly Green Certificates Survey. The survey is designed to provide greater market transparency for Renewable Energy Guarantees of Origin (REGO), Continental Guarantees of Origin (GoOs) and Renewable Gas Guarantees of Origin (RGGO) certificate markets.  In this week's ‘Chart...

Low carbon generation

Analysing earlier coal retirement in Victoria: What does it take for more emission reduction?

AEMO has recently published the 2022 Integrated System Plan (ISP), which provides an energy transition roadmap for the National Electricity Market (NEM). This ISP focuses on the “Step Change” scenario, which reflects strong action on climate change leading to a step change reduction of greenhouse gas emissions, based on the...

Energy storage and flexibility

“Each day looking for new ways to go on”: could a renewable capacity market assist hydrogen turbines?

The rise of renewables has seen the need for additional firming capacity in order to smooth renewable output and replace coal capacity in the evening peak. The ESB and federal Ministers are currently in discussions regarding the development (or not) of a capacity market for the NEM. Interestingly from the...

Low carbon generation

Head to Head: CfD vs RESS

2022 has been busy for renewable developers in Great Britain and Ireland, with both the fourth allocation round of the Contracts for Difference (CfD) scheme and the second round of the Renewable Electricity Support Scheme (RESS) concluding this summer. In this week’s ‘Chart of the Week’, we compared the latest...

Regulation and policy

T-1 Capacity Market 2023-24

The T-1 Capacity Market (CM) auction for Delivery Year 2023-24 will take place on 14 February 2023, during a particularly challenging period for the GB energy system with prices rising to unprecedented levels and concerns over security of supply. In this week’s ‘Chart of the Week’, we examine the range...

Commercial and market outlook

Do batteries add viability to electrolysers within the current market?

Last month, the Australian Competition and Consumer Commission (ACCC) announced that there will be a gas shortfall in the east coast market in 2023, not a surprise considering the international gas crisis and high gas prices in Australia. Such events have increased attention towards expanding gas supply or reducing the...

Low carbon generation

BEIS confirm end-date for recognition of EU GoO imports

In this week’s ‘Chart of the Week’, we examine the historical volume of GoOs imported for FMD and explores what impact GoO removal will have on the REGO market.

Commercial and market outlook

Recent events push NEM turnover to new heights

The story of recent times in the NEM has been the significant escalation of wholesale price outcomes in the market. As discussed repeatedly, elevated fuel costs for gas and supply constraints in the market have sent NEM turnover to uncharted territory. By NEM turnover, we refer to the total costs...