Cornwall Insight Australia released the latest Frequency Control Ancillary Service (FCAS) price curves for Q3 2023 on 21 September 2023.
Available to download is an excerpt reporting the headlining power price trends from the FCAS insight service.
NEM FCAS markets in Q1 and Q2 of 2023 saw lower overall costs, with a lack of contingency events reducing volatility and minimising the economic opportunities for those offering these services. Fortunately for batteries, the beginning of the Very Fast FCAS markets in October 2023 provides potential additional revenue streams. In this release, we look at how the early weeks in these fledging markets may play out.
We hope this information is of value-add to you and your business. If you’re interested in learning more about the quarterly FCAS insight service, reports, data, and webinar, please don’t hesitate to contact us to learn more.
The FCAS is based on comprehensive market and asset-level FCAS bid modelling that delivers long-term FCAS price forecasts, informed by industry-leading regulatory, market and policy expertise and supplemented with direct access to trusted practitioners. Our FCAS price curve forecast has a 30-minute dispatch granularity for a 20-year outlook.