New South Wales

  • 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

    Increasing value for battery storage to shift generation

    The Federal Government announced last week that they would step into the electricity market to build up to 1,000MW of gas-fired generation to fill the gap left by the Liddell Power station for the 2023-24 summer unless the market can demonstrate final investment on dispatchable power by 2021. Since then,...

  • 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

    Batteries FCAS revenues $290,000/MW more lucrative in SA than in Victoria

    The Frequency Control Ancillary Services (FCAS) markets are (mostly) created equal, with volumes procured across the National Energy Market (NEM) and prices settling at similar levels across each state most of the time. However, prices can deviate due to contingency events (interconnector failing or a generator tripping), constraints binding or...

  • 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...

  • Press Releases

    Average energy prices decreased by 46% in Q1 2020 compared to 2019, but peaks are up

    Research from Cornwall Insight Australia shows that on average energy prices declined significantly in Q120 compared to 2019 – averaging a decrease of ~46% across the NEM. In fact, in Q120 New South Wales (NSW) was the only region where prices were higher (on average) than Q119 (only Victoria (VIC)...