Skip to content
Energy

Enabling Data Exchange for Consumer Energy Resources

Australian Renewable Energy Agency (ARENA) 2 mins read

The Australian Renewable Energy Agency has awarded a $1.2 million grant to support the Australian Energy Market Operator (AEMO) in partnership with AusNet to co-design a Consumer Energy Resources (CER) Data Exchange with industry.  

The CER Data Exchange will seek to simplify and support consumer energy resource (CER) integration through developing a common digital infrastructure to facilitate information sharing, market access and coordination across the National Electricity Market (NEM). 

This ‘digital spine’ will simplify and derisk CER integration for all industry organisations and maximise the value of new and existing CER. 

ARENA CEO Darren Miller said the project will help unlock the value of consumer energy resources. 

“As an ever-growing share of our electricity comes from sources like rooftop solar, work needs to be done to properly integrate these resources into the electricity grid,” Mr Miller said. 

“This work will help maximise the value of consumer energy resources, encouraging investment and helping to drive the transition to renewable electricity. 

AEMO will be collaborating widely on the design of the CER Data Exchange, to ensure the final outcome is a design that all participants can work with.” 

AEMO will co-design the CER Data Exchange with the input of industry through a series of workshops to understand industry needs and requirements, explore industry perspectives on data governance and operating models, and seek input on a preferred option. 

The project builds on recommendations from Project EDGE, an ARENA-funded AEMO project that demonstrated an off-market, proof-of-concept CER marketplace. 

As part of Project EDGE, a cost benefit analysis conducted by Deloitte Access Economics concluded that a CER Data Exchange could help unlock between $5.15 and $6.04 billion in benefits over the next 20 years. 

AEMO’s 2024 Draft Integrated System Plan (ISP) Step Change scenario forecasts that by 2050 CER in the NEM could reach 86 GW of rooftop solar and 27 GW of flexible demand. 

Without adequate digital infrastructure, these resources risk being poorly integrated and underutilised, denying consumers and the electricity grid their full value. 

Work on the CER Data Exchange is already underway, with the first of AEMO’s workshops scheduled for June 2024. Recommendations from the Project are expected to be made in late 2024.

Media

More from this category

  • Business Company News, Energy
  • 24/06/2024
  • 10:50
Sparc Technologies Limited (ASX: SPN) (Sparc, Sparc Technologies)

Sparc Hydrogen Progresses Pilot Plant Development

HIGHLIGHTS Collaboration Framework Agreement entered into with Shinshu University in Japan, a leading developer of photocatalyst materials, targeting pilot testing University of Adelaide provides…

  • Contains:
  • Energy, Manufacturing
  • 24/06/2024
  • 07:00
Weld Australia

Weld Australia Sounds Alarm: Skilled Worker Shortage Will Make Dutton’s Plan for Nuclear Power Plants Impossible

Weld Australia is raising urgent concerns about the critical shortage of skilled welders needed for the nuclear power plant program announced by Opposition leader Peter Dutton last week. The deficiency in highly skilled tradespeople, particularly welders, poses a significant threat to the successful execution of this national energy initiative. Opposition leader Peter Dutton announced seven sites for reactors, unveiling his long-awaited and highly controversial policy for nuclear power with the claim that operations could start in the 2030s. The proposed sites are former or current coal plants that possess the necessary technical attributes, including transmission infrastructure, cooling water capacity, and—apparently—the…

  • Business Company News, Energy
  • 21/06/2024
  • 12:35
CIMIC Group

CIMIC’s UGL awarded $125m electrical maintenance contract by Western Power

CIMIC Group company UGL will deliver a major program of maintenance and upgrade works for Western Power, a Western Australian State Government owned corporation…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.