The Finkel Panel review recommended the AEMC undertake a review to recommend a mechanism that facilitates demand response in the wholesale energy market.
Demand response is our future. It can help keep costs down by avoiding unnecessary investment.
Demand response would also provide a source of reliability to support the national energy guarantee.
We are calling for submissions on alternative ways to facilitate demand response so it can play its part and provide the most benefit at the least cost.
Forecasts of electricity demand help market participants make short-term decisions on how they operate their equipment, and longer-term decisions on investment.
Forecasting is becoming more complex as the market transitions due to factors such as: more distributed energy resources across the community and growing opportunities for demand response; changing weather patterns affecting power usage; and the increasing proportion of more variable renewable generation.
Market participants need more transparency about forecasting methods, assumptions and accuracy so they can make better informed operational decisions.
Increasing transparency on demand forecasts would also help market participants make better decisions about investment needed to meet the national energy guarantee.
We want stakeholders to tell us:- what information they need for better decision-making- how industry could expand its contribution to the preparation of system-wide forecasts.
Australia's Chief Scientist Alan Finkel points out, in this interview, the need for Australia to develop better storage systems and reflects on the recent report from ACOLA. California Energy Commissioner Andrew McAllister, also warns Australia to pursue demand side...Read more
In response to feedback, high-income households can reduce their energy use to a larger degree than low-income households (17% vs 3% reduction). This and other insights were gained by two rapid reviews into research, both Australian and International, on digital services and...Read more
The systematic review process in research ensures that all applicable research is considered. These studies demonstrate a rapid review method which enables a quicker answer to some of government's immediate pressing questions.Read more
The first public consultation paper for the National Energy Guarantee has been released by the independent Energy Security Board. The guarantee’s intention is to deliver more reliable, affordable and cleaner energy to Australian consumers.
The Australian Energy Market Commission (AEMC) is calling for public submissions on a new plan to strengthen power system security.
This directions paper recommends mechanisms to facilitate the ability of the power system to accommodate new technologies.
Electricity prices in the Philippines are the highest in South East Asia and utilities rely excessively on imported coal and diesel. This report attributes the country’s lack of ability to attract large investments in renewables to purchase agreements that protect fossil fuel interests in imported coal and diesel.