Reliability

The Big Switch: from energy-only to capacity

In the world of electricity market nerds the Ford vs Holden debate of the past decade has been about how you pay for the electricity generated. This has come down to two different models: energy-only market design and capacity markets. Energy-only markets are for the purists: they pay generators only for the electricity they dispatch …

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When starting a new job, try not to make promises you can’t keep

First impressions matter. The Australian energy community has been waiting patiently for two months to hear from newly installed Australian Energy Market Operator (AEMO) CEO Daniel Westerman. Yesterday a CEDA lunch in Melbourne was set as his unofficial coming out, his debutante ball. The headline message from Westerman’s carefully scripted lunch speech was that he …

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Walking a political tightrope

The impending closure of the Yallourn power station poses a major reliability problem for Victoria. After Hazelwood in 2017, it will be the second of the state’s four giant brown coal generators to close. That’s the withdrawal of more than 3000 megawatts of dispatchable generation, and the emissions that go with them. Victorian Energy Minister …

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