The Highs and Lows of the Most Volatile Market in the World – the NEM

Synopsis

The NEM was once termed as the most ‘volatile network in the world’ by Rystad Energy, as it experiences the most daily fluctuations of power prices worldwide. As Australia continues to phase out coal and head towards net-zero, this volatility is expected to continue. What is the role that energy storage has to play, and what are the opportunities presented by this market?

• How are retailers adapting their hedging strategy and avoiding the cost being put onto the consumers?
• Volatility is a merchant operators dream, what are the unique opportunities here?
• How can energy storage stablise the NEM, and what more is needed?