Infrastructures and SubsystemsA self-contained and identifiable part of a larger System, o... Click for more that provide for the valuation, procurement, sale and measurement of EnergyElectrical Energy is the product of electrical Power and tim... Click for more, CapacityThe maximum amount of Electricity that a can be generated, t... Click for more and Essential System Services (ESS)A set of critical physics-based services required to maintai... Click for more at any Tier/LayerThe vertical layers of a GW-scale Power System including the... Click for more of the Power SystemA highly complex cyber-physical and transactional System tha... Click for more through market or other financial arrangements. This may include participation in Wholesale MarketA primary market where Electricity is bought and sold in lar... Click for more, Distribution-level MarketsA generic term for emerging markets for the exchange and pro... Click for more, advanced Tariffs/RatesConventional pricing models that provide the basis how Custo... Click for more. This also includes market schedules and DispatchInstructions issued by the Market/System Operator (MSO), Dis... Click for more instructions.
A sample of conventional and emerging examples include:
- Energy Resources participating in the Wholesale Market provide bids/offers to the Market/System Operator (M O) who subsequently schedules the Dispatch of participating resources.
- Relevant to the Operational Coordination of the Power System, both the legacy and emerging market structures are calibrated to ensure Co-optimisation of Energy ResourceA universal term for all technologies that provide one or se... Click for more behaviours across the different Tiers/Layers of the system.
- Energy Retailers and Aggregators procure and contract services from Distributed Energy Resources (DER/CER) and other Flexible ResourcesEnergy Resources connected to the Distribution Network that ... Click for more (Demand-sideThe location where most Customers are connected to the Power... Click for more) and sell them in various Wholesale Markets and/or Distribution-level Markets.
- Support more granular ‘market-control’ alignment to incentivise and activate targeted provision of valuable services in the form of Electric Products when and where most needed.