national electricity market

Australia’s electricity markets are undergoing a profound transformation from a centralised system of large fossil fuel plants towards an array of smaller-scale, widely dispersed solar and wind generators, grid-scale batteries and demand response, according to a new report from the Australian Energy Regulator.

South Australia saw record low daytime energy prices in the first three months of this year, driven by a sharp uptake in renewable power resources.

Australia has “just months” to finalise a redesign of its National Electricity Market (NEM) so consumers can reap the benefits of increased renewable generation capacity, according to the regulator that provides oversight for energy security and reliability in the country.