Transmission
Optimization in Australia’s National Electricity Market with Matt Grover (Fluence)
Apr 9, 2025
Matt Grover, Director of Energy Markets at Fluence APAC, shares his insights on optimizing battery systems in Australia’s National Electricity Market. He discusses the evolving landscape of algorithmic bidding and the challenges of real-time state management. Grover highlights the significance of local vs. regional pricing dynamics and introduces the concept of virtual toll agreements. The conversation delves into the growth of battery portfolios and the need for sophisticated strategies in a rapidly changing, data-driven environment.
37:09
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Quick takeaways
- Algorithmic bidding in Australia’s NEM requires constant strategy adaptation due to market volatility and rapid price fluctuations.
- New entrants in the NEM face challenges in navigating local pricing dynamics, necessitating support to develop effective bidding strategies.
Deep dives
Role of Fluence in Battery Optimization
Fluence plays a critical role in the National Electricity Market (NEM) of Australia by providing algorithmic optimization and auto-bidding services for batteries. The company's focus has shifted towards improving the performance of grid-scale battery projects, especially as the need for innovative trading strategies becomes paramount. Using its software platform, Mosaic, Fluence helps battery operators navigate complexities, such as market bidding and real-time price fluctuations, enhancing their ability to maximize revenue. This collaboration empowers both seasoned traders and new entrants to capitalize on market opportunities while effectively managing their assets.
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