MEIxAEMO seminar: Q2 2023
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ABOUT
The Melbourne Energy Institute hosted Dr Shaun Hooper, Manager, Market Insights at the Australian Energy Market Operator (AEMO), as he presented findings from AEMO’s Q2 2023 Quarterly Energy Dynamics report, covering the period 1 April to 30 June 2023.
A year on from the suspension of the NEM, wholesale electricity prices decreased by 59%. This presentation explored the factors behind these price changes, including changes in thermal bidding behaviour, increased availability of black-coal generation, reduced gas prices, and additional wind and grid-scale solar output. Additionally, a fundamental shift in domestic gas supply is underway in the East coast gas markets, driven by declining production from gas fields connected to the Longford Gas Plant in Victoria.
Discussion was moderated by Professor Pierluigi Mancarella, Program Leader, Energy Systems at the Melbourne Energy Institute.
The seminar was hosted as a hybrid event, both in-person and online.
RECORDING AND SLIDES
SPEAKER
Dr Shaun Hooper
Manager – Market Insights
Australian Energy Market Operator
Shaun Hooper is the Manager – Market Insights at the Australian Energy Market Operator (AEMO). His role covers publishing the Quarterly Energy Dynamics report, a flagship AEMO publication, and producing insights in the development and design of the Australian energy markets.
Prior to joining AEMO, Shaun held various roles in the energy sector covering risk management, finance, settlements, commercial analysis and advisory, at different generation, retail and consultancy companies.
Shaun is a physicist by training, acquiring a PhD from the University of Western Australia and a BSc majoring in Mathematics and Physics from Monash University.
MODERATOR
Professor Pierluigi Mancarella
Energy System Program Leader
Melbourne Energy Institute
Pierluigi Mancarella is Chair Professor of Electrical Power Systems at the University of Melbourne, Australia, and Professor of Smart Energy Systems at the University of Manchester, UK. His key research interests include techno-economic modelling and analysis of multi-energy systems, grid integration of renewables and distributed energy resources, energy infrastructure planning under uncertainty, and security, reliability, and resilience of low-carbon networks.
Pierluigi is the Energy Systems Program Leader at the Melbourne Energy Institute, an IEEE (Institute of Electrical and Electronics Engineers) Power and Energy Society Distinguished Lecturer, the Convenor of the CIGRE (International Council of Large Electric Systems) C6/C2.34 Working Group on Flexibility Provision from Distributed Energy Resources, holds the 2017 veski innovation fellowship for his work on urban-scale virtual power plants, and is a recipient of the international Newton Prize 2018 for his work on power system resilience in Chile. He is author of several books and over 300 research papers and reports, and is a journal editor of the IEEE Transactions on Power Systems, the IEEE Transactions on Smart Grid, and Oxford Open Energy.
In the past few years, Pierluigi has supported the Finkel Review panel, the Australian Energy Market Operator, the Australian Energy Market Commission, and the Australian Energy Regulator on relevant research and consultancy projects on power system security, reliability, and resilience, and has led and been involved in several projects via the Australian Renewable Energy Agency and Cooperative Research Centres.
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Quarterly Energy Dynamics seminar Q1 2023
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Quarterly Energy Dynamics seminar Q2 2022