Latest News

29 Aug 2016

Presentation to the EUAA Victorian Energy Forum on 24 August

On 24 August our CEO, Hugh Bannister, presented to the EUAA’s Victorian Energy Forum. Using a sequence of NEO charts covering the period of market volatility in South Australia in June and July, 2016, his presentation takes a forensic look at the factors that drove those events.

Presentation to the EUAA Victorian Energy Forum on 24 August

On 24 August our CEO, Hugh Bannister, presented to the EUAA’s Victorian Energy Forum.  Using a sequence of NEO charts covering the period of market volatility in South Australia in June and July, 2016, his presentation takes a forensic look at the factors that drove those events.

Hugh demonstrated the relative importance of a period of high load due to a cold snap, low wind output, gas plant withdrawal from the market and interconnector outage as key factors driving the market volatility.  Overlaying this was tightness in the gas supply and the closure of Northern Power station, although this closure can be attributed more to the rising cost of mining Leigh Creek coal than to the high penetration on wind in South Australia.

Hugh concluded his presentation with some suggestions for policy responses. His presentation along with those of other presenters at the Forum can be found at http://euaa.com.au/victorian-energy-forum-2016



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25 Aug 2016

Insider 24: Can the National Electricity Market achieve 50% renewables?

In this edition of IES Insider, we assess how a 50% renewable energy target by 2030 would impact the National Electricity Market (NEM). We carried out wholesale market modelling to project changes to the mix of generation sources and future wholesale prices, as well as the impacts on consumers.

Insider 24: Can the National Electricity Market achieve 50% renewables?

In this edition of IES Insider, we assess how a 50% renewable energy target by 2030 would impact the National Electricity Market (NEM). We carried out wholesale market modelling to project changes to the mix of generation sources and future wholesale prices, as well as the impacts on consumers.

Our modelled target is introduced in 2017 and increases to 50% by 2030. The target applies to all generated energy (including rooftop PV) in the NEM and not separately to each state. While we haven’t modelled the Queensland and Victorian schemes individually, we provide the results of the renewables take up for these regions if a 50% scheme were to be applied across the NEM.

To read this article, please download the PDF version from the link below.

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02 Aug 2016

Insider 23: What’s Happening with Wholesale Electricity Prices in South Australia?

Are recent market outcomes in South Australia the result of too much wind power, high gas prices and constraints, an interconnector outage, exercise of market power, inadequacies in the market rules and industry structure, or perhaps some in combination?

Insider 23: What’s Happening with Wholesale Electricity Prices in South Australia?

The press has been running hot in recent weeks about the state of the wholesale electricity market in South Australia.  In this Insider, we examine market data in detail to understand what is happening.  While many commentators argue that too much wind power in South Australia is driving extreme prices, the data points to a more  complex reality.

The article examines possible factors driving prices including wind power and thermal plant retirement, high gas prices and constraints, an interconnector outage, exercise of market power and possible inadequacies in the market rules and industry structure.  Policy prescriptions will depend on the outcome of such analysis.

To read this article, please download the PDF version from the link below.

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17 Jun 2016

Insider 22: Re-engineering the NEM within the Half Hour

In this Insider, we look at a current AEMC rule change proposal to introduce optional 5 minute settlement into the NEM.

Insider 22: Re-engineering the NEM within the Half Hour

The AEMC is currently considering a rule change proposal from Sun Metals to introduce optional 5 minute settlement into the NEM.  The aim of the rule change is to remove the distorted incentives in the current half hourly settlements and to give market participants clearer and sharper opportunities to respond to market needs. 

In this Insider, Hugh Bannister reviews the history of the issue and the current proposal from the point of view of how a control system might be designed and implemented.  He specifically addresses some of the concerns that might inhibit the introduction of such a change including its impact on metering, on contracting and on AEMO and participant systems generally. 

The article concludes that the proposal, with some small but significant adjustments, could be implemented relatively easily and quickly.  It also highlights the fact that Frequency Control Ancillary Services (FCAS) could also evolve to  smooth operations within the half hour and within the 5 minutes as fast response technologies such as batteries become more significant.

To read this article, please download the PDF version from the link below.

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01 Jun 2016

WWF Launches its Power Sector Vision for the Greater Mekong Subregion

World Wide Fund for Nature (WWF), with IES and other WWF partners, released its power sector vision to spur the regional and global debate, as well as set out some concrete actions, leading to an achievable, affordable renewable energy future in the Greater Mekong Subregion.

WWF Launches its Power Sector Vision for the Greater Mekong Subregion

WWF worked with Intelligent Energy Systems and partners across the region to develop the most ambitious and detailed analysis of the Greater Mekong Subregion's power sector vision to date. Based on detailed technical power systems modelling of the Greater Mekong subregion, IES developed a regional plan and specific country-level plans for Cambodia, Laos, Myanmar, Thailand and Vietnam.  The power sector vision sets out sensible, cost-effective solutions to some of the region’s most taxing energy problems. The goal of the work was to spur a regional and global debate, as well as lead the way for concrete actions, leading to an achievable, affordable renewable energy future in the Greater Mekong.

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01 Jun 2016

Presentation to Vietnamese Delegation on Australian Electricity Market Experience

On 19 May 2016, IES hosted a delegation from the Vietnamese electricity sector. The delegates were senior representatives from the regulatory body (ERAV), Electricity of Vietnam Holding Group (EVN) and the country’s five regional power corporations.

Presentation to Vietnamese Delegation on Australian Electricity Market Experience

On 19 May 2016, IES hosted a delegation from the Vietnamese electricity sector. The delegates were senior representatives from the regulatory body (ERAV), Electricity of Vietnam Holding Group (EVN) and the country’s five regional power corporations.

IES presented to the overseas guests on significant NEM milestones and outcomes to date.  There was interest and extensive discussion on contracting and retail competition as well as how NEM traders hedge against spot market price volatility and demand uncertainty. The delegates also appreciated the discussion on NEM contemporary challenges such as network regulation and the integration of new technologies.

The team’s Australian visit was part of the preparation for the Vietnam Wholesale Electricity Market (VWEM), pilot operations of which have been scheduled from 2016 to 2018 and full operation from 2019. IES has been assisting with the VWEM detailed design and rules drafting.

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21 May 2016

Insider 21: How will energy storage impact the National Electricity Market?

In this edition of IES Insiders we consider what impact energy storage will have on the National Electricity Market (NEM) over the next fifteen years.

Insider 21: How will energy storage impact the National Electricity Market?

In this edition of IES Insiders we consider what impact energy storage will have on the National Electricity Market (NEM) over the next fifteen years. The focus of our analysis is on storage systems installed at residential and commercial premises. Take-up forecasts of energy storage are modelled in a wholesale market simulation tool. The results show the impacts that energy storage will have on wholesale prices, the generation mix, and greenhouse gas emissions.

To read this article, please download the PDF version from the link below.

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15 Jan 2016

Workshop to Ministry of Industry Trade on the Vietnam Wholesale Electricity Market

IES and SW Advisory present at MOIT Workshop on Vietnam Wholesale Electricity Market

Workshop to Ministry of Industry Trade on the Vietnam Wholesale Electricity Market

IES and SW Advisory present key features of Vietnam’s Wholesale Electricity Market to the Ministry of Industry and Trade in Hanoi on 14 January 2016.

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11 Jan 2016

Myanmar Energy Master Plan Launched in Nay Pyi Taw – 8 January 2016

On 8th January 2016, the Myanmar’s National Energy Management Committee (NEMC) officially launched the Myanmar Energy Master Plan.

Myanmar Energy Master Plan Launched in Nay Pyi Taw – 8 January 2016

IES is pleased to announce that on 8th January 2016, the Myanmar’s National Energy Management Committee (NEMC) officially launched the Myanmar Energy Master Plan at a ceremony at Hilton Hotel in Nay Pyi Taw, following an address by vice president U Nyan Tun.

Work on the Energy Master Plan, the product of work undertaken by IES in association with MMIC, commenced in 2014 under Technical Assistance to the Ministry of Energy under Japan Fund for Poverty Reduction administered by Asian Development Bank.  The integrated plan sets out strategies to ensure a sustainable, affordable and secure supply of energy for Myanmar over the longer-term.  These strategies take account of existing infrastructure, fuel supplies, availability of resources, competency in terms of technology and price, cooperation between the government, public and private sectors, environmental and social factors.

The government, ministries, international non-government organisations, private associations and the ADB collaborated to develop the Master Plan. 

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