Webinar recording: Wholesale markets
View the webinar recording of MEInetwork21 seminar #3
The third presentation in our MEInetwork21 seminar series discussed wholesale markets.
The National Electricity Market (NEM) revolves around a wholesale spot market that operates 24/7, continually matching supply to demand and setting the price of electricity every 5 minutes. These outcomes flow through to the forward price of electricity, which ultimately plays a large role in determining the size of your electricity bill.
In this webinar, Paul Austin, Group Manager Market Insights at AEMO, explained the key features of the NEM wholesale spot market and how it works, including how electricity is balanced in real time, the impact of renewables, and what drives electricity prices.
The Energy Systems Seminar Series is part of MEInetwork21, a skills and education program developed by the Melbourne Energy Institute.