Interesting discussion in the Energy Storage session about how #energymarkets enable #EnergyStorage solutions.
It wasn't until two-hour and four-hour markets opened up in markets like California that two-hour and four-hour batteries started being built.
If you build it (the market), they (the developers) will come.
The AEMC has finally, it seems, given up on multiple trading relationships (MTR) for small customers, but has not yet given up for large customers.
More than a decade after the last time this farcical rule change was shot down by industry (last time sponsored, from memory, by the now defunct Better Place battery swap car company), it appears to have heard the feedback again.
Innovative offerings in the retail space that integrate #DER are out there, from the smaller players like Amber to the large incumbents like Origin Energy.
For customers who want to engage with the market and get their DER monetised, all they need to do is to change retailer.
Minister D'Ambrosio also spoke about enhancing the Victorian Energy Upgrades (VEU) program with new or upgraded rebates for #fuelswitching and #heatpumps and improving the program as well as the training and accreditation needs to ensure that the program is safe and successful.
This is key to reducing the approximately 17% of Victorian emissions that are from fossil fuel (gas) used for domestic heating and hot water.
Hinted at were rebates for induction cooktops.
The last few minutes of the opening keynote session with Energy Minister Lily D'Ambrosio was the best when she explained clearly how a heat pump works.
It is what an Energy Minister should know, but it is rare that a) they do know, and b) they can explain it so clearly and succinctly.