Market Update | 2 February

• Batteries are leading the charge in grid service provisions
• Reminder on new SRES accreditation for STCs in February
• Tasmanian Social Housing to see energy efficiency support

Batteries Dominating Grid Services Market

In the latest Quarterly Energy Dynamics report by the Australian Energy Market Operator, battery storage has officially emerged as the predominant player in the provision of essential services to the grid. The December quarter saw batteries capturing an impressive 50% share in the frequency and ancillary services (FCAS) market, showcasing a significant increase from 38% in the previous year. This remarkable shift can be attributed to the speed and versatility of battery storage, coupled with the introduction of the Very Fast FCAS Service market last year. The surge in market share is further fueled by recently commissioned big battery projects, such as Hazelwood, Torrens Island, and Riverina, with ongoing developments like the Bouldercombe battery poised to contribute in the coming year.

Transition around the corner for CER

The Clean Energy Regulator (CER) new SRES installer and designer accreditation scheme operator (ASO) is nearing its inception in late February. Accredited individuals are required to transition to the new ASO within three months of the announcement to maintain their accreditation and Small-scale Technology Certificate (STC) eligibility. Notably, the Clean Energy Council (CEC) will cease its accreditation services upon the CER’s decision.

Key points for accredited individuals:

• A new accreditation number will be issued post-transfer for claiming STCs from the transfer date.
• The CEC accreditation number remains applicable for claiming STCs for installations completed before the transfer.
• Accreditation periods shift to triennial, with fees ranging from $650 to $800 for three years, alongside a mandatory 100 continuous professional development points annually.

$16.6 Million Partnership for Energy Efficiency Upgrades in Tasmanian Social Housing

In a joint effort, the federal and Tasmanian governments have announced a $16.6 million partnership, equally funded, to facilitate energy efficiency upgrades for over 1,600 social housing properties in Tasmania. Acknowledging the energy inefficiency prevalent in homes built over 20 years ago, the Homes Tasmania Energy Efficiency Program will implement enhancements such as hot water heat pumps, insulation, draught-proofing, LED lights, and window glazing. Minister for Climate Change and Energy Chris Bowen expressed delight in supporting over 1,600 social housing properties, emphasizing the commitment to real cost of living savings. Tasmania’s Minister for Housing and Construction, Nic Street, welcomed the announcement, foreseeing enhanced living conditions and energy efficiency for residents.

At Ecovantage, we consistently analyse market activity, policy changes, consultation releases, and creation rates in conjunction with wider landscape activity. This allows us to keep our clients at the forefront of all relevant changes, and to leverage the advantage that this presents. Thank you for your continued support, and please reach out if you have any general or project-specific questions.

Angus Taylor | Business Development Manager, Energy & Carbon Services
Angus specialises in ESS activities including Heat Pumps, Air Conditioning, and Commercial Lighting.