News

Five-minute settlement rule changes

Three Month Delay to Five-Minute Settlement Market

The implementation of the Five-Minute Settlement Market has been delayed by three months to 1 October 2021 in a final determination made by the Australian Energy Market Commission (AEMC).
In April, the Australian Energy Market Operator (AEMO) requested a 12-month delay to the rule’s commencement in response to the global pandemic to allow market participants to focus on the ongoing supply of electricity and support for energy customers.
The Commission has stated that its determination for a three-month delay balances the…

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Five-minute settlement rule changes

Five-Minute Settlement rule takes effect in the National Electricity Market from 1 July 2021

Since this article has been published there has been an update to the timing around the launch of the Five-Minute Settlement rule. Click here to read the update.
A substantial change is set to take place to the cost structures of generator dispatch and retailer consumption, with the launch of the Five-Minute Settlement rule in 2021.
The Five-Minute Settlement rule seeks to resolve pricing anomalies that have existed since the start of the National Electricity Market (NEM). Currently generators bid and…

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Basslink cables

Outage for Basslink Cable

Note: Since publishing this article, the Basslink cable returned to service on 29 September 2019. To read more, click here.
Investigators say the latest failure in the 500-megawatt Basslink cable will render it out of action until at least mid-October.
Connecting Tasmania and Victoria, Basslink is the world’s longest submarine power cable and the outage means Tasmania is currently unable to transfer energy to and from the mainland. The cable has experienced outages in the past but unlike the 2016 undersea…

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Large industrial projects need specialised skills

ERM Power adds large-scale industrial project expertise and energy efficiency certificate creation capability to ERM’s existing suite of energy productivity solutions with the acquisition of Out Performers.
Out Performers delivers large and complex commercial and industrial electricity and gas efficiency projects aimed at the 300 largest energy users in Australia. The company’s technical expertise and services in electricity and gas advisory, project delivery and energy performance analytics for industrials complements ERM’s existing Energy Solutions business model and expands the capability…

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