A new state-owned green bank, the Energy Security Corporation (ESC), has launched in New South Wales, Australia, with an initial funding allocation of AU$1 billion (US$640 million).
The Australian Energy Market Commissioner (AEMC) has released a final determination to enable virtual power plants (VPPs) to compete directly with large-scale generators in Australia’s energy market.
The Australian Energy Market Operator (AEMO) has said that the National Electricity Market (NEM) must introduce a new ‘emergency backstop’ mechanism to manage the impact rooftop solar PV can have on grid stability.
The Australian Renewable Energy Agency (ARENA) has provided AU$1.7 million in funding to explore the integration of consumer energy resources (CERs) into the NEM.
