As the demand for electricity continues to grow, the need for innovative solutions to manage energy resources efficiently has never been more pressing. One promising approach is the implementation of Virtual Power Plants (VPPs), which can significantly aid in reducing peak demand on the...
Microgrids are local electrical grids with defined electrical boundaries, acting as a single and controllable entity. It is able to operate in grid-connected and in island mode. A ‘stand-alone microgrid’ or ‘isolated microgrid’ only operates off-the-grid and cannot be connected to a wider electric...
In energy markets, the concept of energy arbitrage has emerged as a strategic tool for maximising the value of energy assets. Energy arbitrage involves buying and selling electricity or energy products at different times or locations to exploit price differentials and generate profits. This...
In the realm of power systems and electricity grids, maintaining a delicate balance between supply and demand is paramount. Any deviation from this equilibrium can lead to disruptions, affecting the stability and reliability of the entire grid. Frequency Control Ancillary Services (FCAS) play a...
This has caused a radical shift in the global energy landscape from centralized fossil fuel power generation to a more distributed model, which involves several DERs. This shift is driven by both environmental imperatives and technological advancement, such as innovations like solar panels, battery...
Starting November 1, 2024, New South Wales (NSW) will roll out a significant battery rebate program aimed at encouraging homeowners and businesses to invest in battery storage systems. This initiative is part of the broader Peak Demand Reduction Scheme (PDRS), which seeks to lower...