Overwatch Energy

Australian Energy Regulator Top 3 Priority for 2024-25: Generator Compliance 🚨 Important Update from the Australian Energy Regulator 🚨 For 2024-25, the AER has once again prioritized ensuring generators comply with their dispatch instructions, bids, and offers. This includes maintaining accurate availability data. 🔍 Key Takeaways: Compliance is Crucial: Generators and BESS owners must ensure their market operations are robust. 24/7 Expertise: Experienced staff should be rostered around the clock, with a deep understanding of AER regulations to swiftly identify and resolve dispatch issues. Collaboration is Key: Close coordination with site teams is essential. ⚠️ Why It Matters: Non-compliance can lead to significant penalties. Staying compliant not only avoids fines but ensures smoother operations and reliability in the energy market. #EnergyRegulation #AER #Compliance #EnergyMarket #BESS #RenewableEnergy #EnergyManagement

Last session of the Australian Clean Energy Summit today and a common theme across many of the panelists - not least our Ellise Janetzki (Harmer) (second from left in the pic) was forecasting your output: own your forecast, get better at it, and embrace the uncertainty it will contain. As Kate Summers noted, all forecasts are wrong, some are useful. #ACES2024 #AustralianCleanEnergySummit2024 #cleanenergy #renewableenergy

Hybrids | The Hero’s Journey If you missed Belinda Fan 范禀冰 curate the hero’s journey session of the #ALSSSS2024 yesterday - guiding hybrids toward successful operation in the NEM, we’ve written up Ellise Janetzki (Harmer)'s contribution to the story in this short article here. https://lnkd.in/gJPEYhbu If it’s a journey you’re embarking on then note this: you get to decide how the story ends… Acknowledgements also to Lara Panjkov, Marija Petkovic and Muhammad Walid for their chapters and a great session. #cleanenergy #marketoperations

Learn About Hybrid Market Operations in Brisbane Next Week Are you developing or thinking about a hybrid? Do you want to understand the real-world practicalities of pulling together solar and storage to work together? If so, come to the Plaza Auditorium at 1:30pm next Wednesday at the Australian Large-Scale Solar and Storage Summit (ALSSSS) 2024. #ALSSSS2024 Hybrids - dispatchable renewable energy, are the Power Stations of the Future, but there some risks to success that may not be getting the attention they deserve. To help you understand and avoid these risks, our Operations Manager Ellise Janetzki (Harmer) will our share knowledge and expertise gained from years of market operations in solar, BESS and wind, drawn straight from the Overwatch Energy Market Operations team. We look forward to seeing you there.  #cleanenergy #renewableenergy

Free Beer, Thursday 23 May. And if this doesn't bring you out of your skin, facilitated networking too. And its on a Thursday - the new Friday. What more do you need? https://lnkd.in/gTXB4uSc

The Court Declares that...PASA Matters   Last week the owners of Pelican Point Power Limited became $900,000 poorer for "failing to comply with [their] legal obligation to disclose short term availability information" - or more specifically, comply with their ST and MT PASA obligations.   We highlight this judgement because we often see PASA obligations as poorly understood and not well respected. It seems one thing to be thinking 5 minutes ahead about a financial rebid, but bidding your capacity 8 days out seems to demand a different mindset - and often involves different people.   However, this $900,000 fine shows that timely and accurate PASA reporting does matter. As wind, solar and increasingly large scheduled BESS become more vital to power system security, so too does accurately reporting the future availability of these power stations.   The Pelican Point error was failing to declare an increase from 224MW to 320MW over 2 days - under-reporting by a modest 96MW. Think of a site team taking out some turbine clusters or inverter strings for maintenance, finishing a couple of days early, not updating your PASA and you're in the same situation.   “It is not a matter of set and forget when it comes to information submitted to AEMO – participants must continually monitor market conditions, plant capabilities and other relevant factors and notify AEMO promptly of relevant changes,” the Chair of the AER said.   So, if you are unsure of your PASA obligations or not on top of them, then get in touch. It may be fine, until you get one.

This is, metaphorically and literally, a heavy tome produced by two of our shareholders, but it includes some big and valuable numbers. These numbers should be important to current owners of generation and storage and those trying to understand the financial dynamics of our energy market. If you fall into this category, it's worth a look. #energymarkets #nem #energytransition #fcas

Did Your Automated Bidding Software Crash or have a Near-Miss on the 13th? With so many wind and solar farm owners now relying on software to automate their bidding (ABS), it was interesting to see how well or badly some of those systems read and responded to the market events of 13th February.    The cascade of physical events triggered changes in market mechanisms and pricing regimes and an alphabet soup of acronyms (ROP, DPV, VoLL override, MPC, OCD, LOR3, RERT etc.). They also triggered some eye-watering pricing (for example, $16,600 x 100MW for an hour = $1.67million), so making the right bidding decision over those short number of minutes, whilst still remaining compliant, could mean earning or losing huge sums of money if you are merchant.   You had to be something of a NEM geek to understand it, particularly ‘in real time' as events quickly unfolded. Fortunately for our clients, our team do have decades of NEM experience and in some instances we intervened in the ABS systems, with significant financial benefit to them. We're now also feeding those observations back to our clients and their ABS vendors. Most of the impact was in VIC but owners in other regions might want to treat this as a 'near miss' and ask themselves if this event had happened in their region, would they be delighted or miserable with their Week 7 settlement statement?   If you would like to understand how well your asset performed on the 13th or are worried that you over-rely on software, then get in touch. If you're unfamiliar with ABS, here's a light-hearted intro where we really play-on the auto-pilot metaphor. 🛫 https://lnkd.in/gQanXBTS.

🍺 Melbourne Renewable Energy Drinks - Thursday 8 February 🍷 It's nearly the end of January so time to shift your social life away from the BBQ, put some proper shoes on and remember how good an evening in the CBD can be. Delighted to be sponsoring the Melbourne Renewable Energy Drinks again this year. First of the year is next Thursday 8th at 5:30pm at La Di Da, 577 Little Bourke Street Melbourne. Register here: https://lnkd.in/geNAfhKq #Connections hashtag #Networking hashtag #RenewableEnergy hashtag #Melbourne

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