Planning & Forecasting

Energeia’s analysis of a utility-scale Battery Energy Storage System (BESS) in New South Wales found that a 2-hour battery configuration achieved a moderate internal rate of return (IRR) over 20 years, outperforming the 1-hour configuration’s slightly lower IRR due to greater wholesale arbitrage opportunities. While the 2-hour system capitalized on energy price fluctuations, the 1-hour battery showed stronger potential in frequency control ancillary services (FCAS) markets. Sensitivity testing highlighted significant revenue variability across market conditions, emphasizing the need for robust scenario planning to mitigate financial risks in Australia’s evolving energy landscape.

To support its net-zero emissions goal by 2045, the Victorian Government engaged Energeia to assess cost-effective pathways for transitioning homes from natural gas to electricity. The study found that despite higher upfront costs, all-electric homes benefit from lower lifetime expenses and emissions reductions. Key challenges include supply chain constraints and workforce readiness, underscoring the need for a phased transition strategy. Energeia’s findings are shaping government policies on incentives, appliance standards, and gas phase-out timelines, ensuring an affordable and practical shift for households.

The AEMC partnered with Energeia to explore how flexible Consumer Energy Resources (CER), like solar, batteries, electric vehicles, and smart appliances, can reduce costs and improve market efficiency. Energeia’s analysis found that unlocking CER flexibility could generate up to $14 billion in annual benefits by 2050, emphasizing the need for regulatory reforms and expanded market access to ensure fair compensation for consumers and a more efficient energy future.

Power and Water Corporation (PWC) engaged Energeia to enhance its demand forecasting amid evolving energy trends in the Northern Territory. Energeia’s advanced methodology improved forecast accuracy by refining weather normalization, incorporating multi-factor regression models, and analyzing key demand drivers like solar PV and EV charging. These enhancements help PWC optimize investments, ensure grid reliability, and meet regulatory requirements.