Electricity Sector Transition in the National Electricity Market of Australia: Managing Reliability and Security in an Energy-Only Market
Date Published: November 2018
Authors: Farhad Billimoria, Pierluigi Mancarella, Rahmatallah Poudineh
This report argues that the complexities of the energy transition in an energy-only market design require the design to be expanded to an “energy+services” model, establishing additional market products focused on system security, such as inertia or system strength. The report puts forth that other market design reforms are also needed in the Australian market to maintain system security, including generator notice of closure, the development of forward markets for energy, dynamic reserves and flexibility markets.