Transmission
Introduction to the Australian National Electricity Market with Alex Leemon
Dec 18, 2024
In this engaging discussion, Alex Leemon, Flexibility Markets Lead at Gridcog, dives into Australia's National Electricity Market (NEM) and its transition towards renewable energy. He sheds light on the disparity in renewable adoption across states and the critical role of AEMO in maintaining system stability. The conversation explores the current challenges including battery capacity growth, the impact of rooftop solar on grid dynamics, and the ambitious goal of achieving 82% renewable energy by 2030 amidst market volatility.
34:52
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Australia's National Electricity Market operates uniquely with five-minute trading intervals, presenting challenges for battery storage amid renewable energy adoption.
- The country's ambitious target of 82% renewable energy by 2030 faces obstacles due to regional reliance on coal and infrastructure limitations.
Deep dives
Overview of the National Electricity Market (NEM)
Australia's National Electricity Market (NEM) encompasses a unique energy-only market structure that operates without a capacity mechanism. This design means that electricity is traded in five-minute intervals, presenting both opportunities and challenges, particularly concerning battery storage and e-mobility. The NEM is not governed by the federal government, which adds complexity to its management, as each state oversees its energy policies. The market's peculiarities necessitate that participants engage in financial derivatives trading to manage risk, especially when physical generation is lacking.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
