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Wind generation in Victoria has doubled in four years

Wind generation in Victoria has doubled in four years

Wind generation in Victoria has doubled in four years: Over the last four years, the wind contribution to the generation mix in the state of Victoria has grown significantly. In fact, research from Cornwall Insight Australia shows, on average, across the entire day in 2020, wind delivered 14% of the generation mix in the state,…
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FCAS revenues from batteries increase by 25%

FCAS revenues from batteries increase by 25%

FCAS revenues from batteries increase by 25%: According to the latest research from Cornwall Insight Australia, batteries in Australia are increasing their revenue through Frequency Control Ancillary Services (FCAS). The proportion of revenues delivered from the FCAS raise six-second services, for Ballarat, HPR, and Lake Bonney were up on CY19 levels by 25, 16 and…
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Australian renewables

Australian renewables see wholesale buck January trends

Australian renewables see wholesale buck January trends: In Australia, the month of January normally sees a spike in the average wholesale price. However, according to research from Cornwall Insight Australia, January bucked this historical trend with the price trending lower in the first month of 2021 across all states, building on the low-price outcomes in…
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Capacity Market

Cornwall Insight on Capacity Market prequalification

Cornwall Insight on Capacity Market prequalification: On 11 December the EMR Delivery Body (National Grid ESO) published the prequalification registers for the T-1 (2021-22) and T-4 (2024-25) Capacity Market (CM) auctions. The headline figure from the prequalification register is 54.0GW of de-rated capacity has prequalified for the T-4 auction against a target of 41.2GW. However,…
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Batteries FCAS revenues $290,000/MW more lucrative

Batteries FCAS revenues $290,000/MW more lucrative in SA than in Victoria: The Frequency Control Ancillary Services (FCAS) markets are (mostly) created equal, with volumes procured across the National Energy Market (NEM) and prices settling at similar levels across each state most of the time. However, prices can deviate due to contingency events (interconnector failing or…
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