NEM评论储能大会.pptx

1、,The NEM ReviewEnergy Storage Conference,Tim NelsonMarch 2026,Agenda,1,2,3,4,5,The National Electricity Market explained,Three key challenges with three distinct policy recommendations.,Key recommendation:Require price responsive resources to be visible,Key recommendation:Establish a process for ind

2、ustry to define derivative contracts suitable for a firmed renewables system and introduce a market making obligation framework,Key recommendation:Energy ministers should establish an Electricity Services Entry Mechanism(ESEM)within the NEL to facilitate investment in the NEM,A reminder on how the N

3、EM works,New generation creates supply of derivative contracts,Spot price expectations drive valuation of derivative contracts,Derivatives create incentive to physically deliver to financial contract,Forward view on derivatives prices signals the opportunity to build new plant,Derivative Markets(1-5

4、 years),Derivative markets allow buyers and sellers to manage risk.,Spot Market,Spot prices vary to reflect supply/demand balance.,Long-term(5 to 25 years),Customers underwrite entry of electricity services through long-term contracts for portion of capacity,Physical,Financial,Key Issues identified

5、by the Review,Hidden resources.,Hidden resources are distorting forecasts,raising system costs and weakening investment signalsPrice-responsive resources can lower costs and improve system efficiency-but only if they are visible to the market,The Risk Profile has Changed,From the old to the new,The

6、old systemEnergy is stored as fuelPower generation was firmFinancial contracts managed the risk of variable demandThe new system:Renewable generation is not-firm(i.e.weather dependant)Energy is stored after initial generation(i.e.batteries)Financial contracts need to evolve to manage the risk of var