5-minute settlement

  • Commercial and market outlook

    Don’t look back in anger: are peaking assets exploiting 5-min price spikes?

    Building on our previous Chart of the week in October, where we reviewed the first couple of weeks of 5-minute settlement, we wanted to revisit this topic. Now two months in, we take another look and see how well the fastest responding assets in the NEM are capturing the best...

  • Commercial and market outlook

    I’m pickin’ up good vibrations

    We are just through the first two weeks of 5-minute settlement. While there has been much anticipation regarding the implementation and the potential for drastic swings in prices, we felt it was an excellent time to take a quick look at the pricing outcomes to see if any immediate trends...

  • Low carbon generation

    Australian Chart of the week | Resizing the bumper car (market price) floor?

    In the last two years the NEM 5-min prices fall to the floor more often than hit the cap as some regions struggle to deal with mid-day excess supply. This has raised questions about whether the price floor, which has stayed at -$1000/MWh for years, will be changed by the...

  • Low carbon generation

    Australian Chart of the week | 5MS is coming but it still remains a known unknown

    The shift from 30-minute settlement to 5-minute settlement (5MS) is fast approaching – 162 days away but who’s counting. As a reminder, the current settlement price (SP) is determined by averaging six dispatch interval prices within a half-hour period. From October 2021, the dispatch price (DP) will be the settlement...

  • Energy storage and flexibility

    Australian Chart of the week | Round and Round the Market: Black Coal vs Batteries

    This year appears to be the year of the battery, with the volume of projects that have been announced or in some stage of planning approaching the 10GW mark it is worth taking a look at how batteries are performing in the FCAS markets over the last two years. Currently...