australian

  • 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...