Australian energy retailer Origin Energy intends to build a 700MW battery storage system on the site of a coal power plant for which it has brought forward a planned retirement date by seven years. 

The Australian Energy Market Commission (AEMC) announced today that five minute settlement windows for spot prices in the National Electricity Market (NEM) will be implemented from 21 October 2021.

Australia’s ‘peak national body’ representing transmission and distribution organisations in both electricity and gas, Energy Networks Australia (ENA), has pushed for a more consistent approach to grid connections of solar PV and battery storage by issuing a set of guidelines.

One of Australia’s energy market regulators has put out a lengthy document detailing the potential impact of introducing five minute settlement into the electricity spot market, which would likely favour flexible resources such as energy storage.