In this week’s ‘Chart of the Week’, we look at statistics published by Eurostat, the statistical office of the EU, showing that the share of renewables in heating and cooling is steadily growing.
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Related thinking
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...
Energy storage and flexibility
How deep is your love? A look at the depth of negative prices in South Australia
The recent rise in the frequency of negative wholesale energy prices in the NEM has captured the attention of many market observers. A less-discussed aspect is how deep these negative prices run. How much additional demand could be added to the system during the negative-priced dispatch intervals before the prices...
Commercial and market outlook
FCAS not dead?
A couple of months ago, AEMO released the final Inputs, Assumptions, and Scenarios Report (IASR) that contains the basis of all planning publications for the next few years. The changing electricity consumption and generation pattern in the NEM is introducing new challenges to the operation of the energy system; minimum and...
Energy storage and flexibility
Houston, we have a transmission problem
Variable Renewable Energy is making tremendous strides towards the predominant energy source in the NEM, but its voracious capital intensity is over-running existing transmission capacity. Consumers are faced with a $3.5bn transmission build cost over the next 20 years, which to return value relies heavily on the emergence of grid...
