In this edition of the Weekly Dispatch:
- The NSW Government releases the reliability Check Up. The government has accepted most recommendations including to engage Origin around the possibility of extending Eraring beyond 2025.
- ESIG releases a white paper on aligning retail pricing with system needs.
- A new working paper finds evidence that EV owners shift charging behaviour in response to financial incentives. They do not find evidence that “nudges” change behaviour.
- Battery storage helped arrest a frequency dip following an intervention by ERCOT to prevent a transmission line overloading.
- Turning to Europe, the European Central Bank has published its second climate stress test finding that a delayed transition increases risks and costs in the long term.
- Debates on EU electricity market reform France wants to extend the CfD scheme to refurbished nuclear.
- No offshore wind projects were awarded contracts in the latest UK renewable auction. Developers argued that the maximum clearing price of around £60/MWh was too low. The latest results pose a challenge for the government’s target of 50 GW of offshore wind by 2030.
- Swedish company H2 Green Steel has raised equity funding of 1.5 billion euros to build a green steel plant.
- Podcasts of the week: Energy Insiders interview NSW energy minister Penny Sharpe on Eraring; Montel Weekly on France’s new nuclear ambitions.
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