Australia

  • Press Releases

    Incidents of price cannibalisation of renewable assets on the rise

    Research from Cornwall Insight Australia shows that the growth of variable renewable energy (VRE) generation significantly impacts their captured price. In fact, in FY18, 98% of the grid-scale solar generation volumes captured prices above $50/MWh. However, this has reduced to 12% in FY21. On top of this, wind and solar...

  • Press Releases

    Peak raise regulation FCAS volumes drop by 72MWs

    Analysis from Cornwall Insight Australia shows an evident change in regulation Frequency Control Ancillary Services (FCAS) enablement from December onwards, with a 72 MW drop in FCAS volumes. December 2019 to March 2020 average volume peaks at approximately 315MW while 12 months later it peaks at 242MW. Overall, there is...

  • Press Releases

    Is the market putting the brakes on distributed solar exports?

    Research from Cornwall Insight Australia shows market conditions putting the brakes on distributed solar exports. In fact, there are substantial savings if consumers switch retailers without installing solar compared to opting to install solar panels with one of the big three retailers. The below graph compares the choice between installing...

  • Press Releases

    Battery storage increasingly setting the price in FCAS markets

    Research from Cornwall Insight Australia shows a clear trend in regulation raise price setting in the Frequency Control Ancillary Services (FCAS) market with respect to battery storage. In fact, in Q119, batteries were only involved in ~2.22% of instances. This has increased to ~3.73% in Q120 and is now at...

  • Press Releases

    Market Price Cap incidents on the rise in the last two years

    Instances of sustained Market Price Cap (MPC) – especially during high demand days – have been on the rise in recent years, according to the latest research from Cornwall Insight Australia. In the last two years, the total count of periods when the market has settled at MPC is 16...

  • Press Releases

    7GW of battery storage projects in the pipeline across Australia

    Projections from Cornwall Insight Australia show there is ~7GW of battery storage projects proposed or currently in the planning process. Of that 7GW there is just over 900MW of committed or significantly progressed storage projects set to be delivered by 2024. Key findings ~7GW of battery storage projects either proposed...

  • Press Releases

    Significant rise is electricity system constraint issues across Australia

    System strength — such as voltage control — is one of the most talked-about issues in the National Energy Market (NEM) this year. There are currently three rule changes dealing directly with system strength issues, which could have a profound impact on the electricity grid. Cornwall Insight Australia has examined...

  • Press Releases

    Rooftop solar growth driving unprecedented changes to demand shape

    Between 12 - 1 PM, on Sunday, October 11, 2020, solar power provided 100% of South Australia’s energy demand – a first in Australia and for any major jurisdiction globally. Cornwall Insight Australia has examined what impact this phenomenal growth in rooftop solar is having in the wholesale market and...

  • Press Releases

    Wind generation’s share of non-coal merchant revenues increased 30% in three years

    The energy transition is having a significant effect on merchant revenues for different generation types across the NEM. Research from Cornwall Insight Australia suggests wind generation captured almost half of the total spot market revenues in New South Wales (NSW) last quarter, accounting for more than gas and hydro’s share...

  • Press Releases

    Solar power responsible for paying 20% of total FCAS regulation costs

    Latest research from Cornwall Insight Australia shows that solar farms are responsible for paying somewhere between 10%-20% of total regulation FCAS costs in any given month (see Figure 1). This is disproportionate to solar’s energy generation in the NEM, which in FY20, was only ~3%. In contrast, wind is far...

  • Press Releases

    Divergence in merchant value together with complementary wind and solar shapes creates new opportunities for hybrid projects

    Research from Cornwall Insight Australia examined the performance of wind and solar technologies against the time-of-day price shape, highlights a clear divergence in the merchant outlook for both technologies. This presents a real opportunity for collaborative and hybrid projects to maximise developers’ value. Key findings From FY19 to FY20, average...

  • Press Releases

    Renewable energy transition in New South Wales needs to gather pace significantly

    Research from Cornwall Insight Australia highlights that the energy transition in New South Wales (NSW) over the next decade will need to gather pace significantly. The below graph shows that renewables have contributed an average of ~10% of total generation in NSW in the last four years. Over that same...

  • Media Mentions

    PV Magazine Australia | The NEM saw 25% renewable generation in March

    Cornwall Insight Australia's Lumi Adisa was quoted by PV Magazine discussing the impacts of COVID-19 on energy demand in the NEM. He explained that it might be too early to tell the full impact of the pandemic has had across the sector. Lumi explained that there is currently sufficient data...

  • Press Releases

    Number of sub-800MW demand periods double and sub-700MW quadruples in just a year

    On the 6 February, AEMO issued market notice 73857 in response to the enduring islanding of the SA network. The notice informed the market that when South Australian (SA) demand falls under 800MW several generators, including more than 500MW of wind and 300MW of solar will be constrained down to...

  • Media Mentions

    Greentech Media | Australia’s Fire-Hit Grid Braces for an Even Bigger Threat

    Ben Cerini our principal consultant discussed the impact of the Australian's fires on the grid and the three major grid incidents that could be directly traced to fires this summer. He stated that despite these setbacks, the consensus is that Australia’s electricity networks are coping well given the level of...

  • Media Mentions

    PV Magazine | Cornwall Insight Australia announces appointment of Alba Ruiz Leon as Managing Director

    The news that Alba Ruiz Leon joined Cornwall Insight Australia was featured in PV Magazine. Alba has over 15 years of energy market experience, including more than 12 years of practical exposure in the APAC region. Commenting on the appointment, Gareth Miller CEO of Cornwall Insight, said, I am delighted that Alba will...

  • Press Releases

    Cornwall Insight Australia appoints Alba Ruiz Leon as Managing Director

    Cornwall Insight Australia is pleased to announce the appointment of Alba Ruiz Leon as Managing Director. With the responsibility of Cornwall Insight’s Australian business, Alba will play a key role in supporting the company’s growth in Australia. Alba has over 15 years of energy market experience, including more than 12...

  • Press Releases

    Renewable growth drives common goals for electricity networks across the globe

    Electricity networks globally are experiencing significant increases in the volume of renewable capacity as countries seek to decarbonise their power sectors without impacting the security of supply. The scale of this change is creating new challenges for power networks and those responsible for keeping the lights on. The latest insight...

  • Media Mentions

    Renewable Energy Magazine | Latest paper from Cornwall Insight discusses the future of wind in Australian versus Great British energy markets

    Our latest insight paper – Wind in the Australian and Great British energy markets – featured in Renewable Energy Magazine. The paper examines whether the outlook for wind in both the Australian and Great British (GB) markets is being shaped by market design and infrastructure. Discussing winds role in both markets...

  • Press Releases

    The future of wind in Australian V Great British energy markets

    Wind is set to become a dominant source of power as governments look to reduce their carbon emissions and although technology and wind resources are similar across the world the risk and values that wind power creates is primarily driven by the characteristics of the markets. The latest insight paper...