Quiz

What's the difference between MW and MWh

• MW describes power but MWH is power within an hour

• MW are used to describe electrical power production. MWH are used to describe electrical power consumption and production

• No difference

• MW are used for facilities that constantly dispatch, MWH are used for facilities that only dispatch on an hourly basis

What does FCAS mean?

• Frequency Control Ancillary Services

• Fast Control Ancillary Services

• Frequency Contingency Ancillary Services

• Fixed Control Ancillary Services

When discussing offers and bids for the FCAS services, what form does FCAS take that defines enablement limits and Breakpoints?

• Generic FCAS Square

• Geriatric FCAS Circle

• Generic FCAS Trapezium

• NEMDE

What is the 2023-24 Market Price Cap and Cumulative price threshold

• $16,600MWh & $1,490,200

• $15,500MWh & $1,398,100

• $15,999 MWh & 1,390,200

• $16,000MWh & $1,500,000

What Bank has recently emerged as likely to purchase 50% of one of Australia's largest energy providers?

• CBA

• JP Morgan

• Macquarie

• Goldman Sach

What was so shocking about this years DMO release?

• It was the same as last year despite the volatility the market has seen over the last year

• It was significantly higher than last years offer (>50%)

• The increase was less than last year (Approx. 10%)

• The increase was significantly higher than last year (Approx. 20%)

What is the main argument against Brookfield taking over Origin Energy

• The two companies will not be good for competition in the energy market and as a result of the two companies sizes will create a monopoly

• There is a belief that an offer of approx. $9 is undervaluing the company which is allowing Brookfield to gain an extreme arbitrage from the deal and some investment funds are not happy they aren't getting a fair cut

• Taking Origin private will decrease the incentive to push ahead with a net zero target due to decreased reporting requirements

• Brookfield will speed up Origins transition to a completely green company which will fast track the closure of critical plants thus posing a threat to system security

What is an Economic Islanding event?

• This occurs when a states interconnectors are offline and they cannot export/import energy. Similar to what happened to SA in 2022

• Describes an event where interconnectors are constrained resulting in spot price separation between adjoining regions.

• The spot price in one state is significantly higher than an adjoining state resulting in no one wanting to import energy from the higher priced state

• There is an imbalance between supply and demand resulting in the efficiency within the state dropping causing a dead weight loss to be experienced

what is the AEMO endorsed option for the VNI west and Why

• Option 5A, it provides a significantly larger amount of capacity that option 5

• Option 5A, it will result in the powerlines cutting through less farmland thus it is cheaper

• Option 5, there is less hills, as such the construction process will be much easier and less expensive

• Option 5, it has received a significant amount of support from Victorian locals due to the benefits it provides to the communities and locals believe it will not impact the communities environment as much as option 5A

What restrictions have the Government placed on Gas companies

• Price cap, export control, production cuts

• Price caps, production cuts and reduction in tax offsets available from everyday business conduct

• Royalties from offshore gas farms, price caps and import control

• Price caps, export control, tax offset reductions on R&D activities