The recent suite of energy market reforms proposed by the Energy Security Board (ESB) has prompted much discussion about the type of capacity that needs to be procured in a future NEM that seems certain to have a very high penetration of variable renewable energy (VRE).
In this Chart of the week, we focus on the minute-to-minute firming required to accommodate rapid changes in VRE output and take a look at Victoria to understand what supply technologies are currently leading in providing upwards ramping capability.
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