Negative power prices mean battery energy storage can be paid to charge - and then paid again to discharge, when prices turn positive later. These opportunities have been rare for batteries - until this month. We’ve now seen negative power prices on two different weekends in July, including this weekend just gone (the 15th and 16th).
Market & Policy Updates
South Australia has launched the first round of its Firming Energy Reliability Mechanism (FERM) tender, a program designed to secure long-duration dispatchable capacity as the state transitions to higher penetrations of variable renewable energy. The tender is administered by the Australian Energy Market Operator Services Limited (ASL) and targets 400 MW of firming capacity to be online by November 2028.1 day ago
