18
Hugh
Outhred: Wind Energy in the Australian National Electricity Market
Managing
supply-demand balance in the NEM
Energy spot market
&
derivative markets
derivative markets
Frequency
control
ancillary service
markets for period t
ancillary service
markets for period t
Supply/demand
projections
projections
& FCAS
derivative markets
derivative markets
FCAS
markets
for period t+1
for period t+1
Energy spot
market (t)
Energy spot
market (t+1)
time
spot
period t
spot
period t+1
increasing uncertainty
Physical issues
Commercial issues