FCAS markets

  • Energy storage and flexibility

    R1 and L1 revving up the BESS revenues

    In our ‘The VFF… Very Fast and Financially rewarding market so far’ Chart of the week, the two new contingency markets, the Very Fast raise contingency FCAS market and the Very Fast lower contingency FCAS, were analysed and demonstrated the high participation of big batteries along with VPPs and DERs....

  • Energy storage and flexibility

    A pebble in the water makes a ripple effect…

    At demand levels averaging only ~200-700MW, FCAS markets are dwarfed by the ~20,000MW energy demand in the NEM. Nonetheless, with 8 different markets to participate in, the potential value that participating in FCAS can add to a participant's revenue should not be underestimated. In this Chart of the week, we...

  • Commercial and market outlook

    FCAS not dead?

    A couple of months ago, AEMO released the final Inputs, Assumptions, and Scenarios Report (IASR) that contains the basis of all planning publications for the next few years.  The changing electricity consumption and generation pattern in the NEM is introducing new challenges to the operation of the energy system; minimum and...

  • Energy storage and flexibility

    A look into Battery fires (Risk and mitigation)

    Most people have multiple devices powered by a lithium-ion battery (LIB), which can be found in almost every portable device (e.g. smartphones, laptops etc). However, due to the small battery size in these devices, they are relatively simple to control. LIB deployment at utility scale in the energy market, however,...

  • Energy storage and flexibility

    A look into large-scale battery market revenues FY20-21

    This Chart of the week examines the distribution of daily battery revenue that was generated in FY21 for the batteries operating in the NEM over this time frame. Net Energy revenue is calculated as the revenue generated in the energy markets less cost of charging plus any revenue earnt from...