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Australia Launches CER Data Exchange to Integrate Rooftop Solar and Flexible Demand by 2050

Australia Launches CER Data Exchange to Integrate Rooftop Solar and Flexible Demand by 2050
Australia Launches CER Data Exchange to Integrate Rooftop Solar and Flexible Demand by 2050

The Australian energy sector is embarking on a major transformation with the co-design of a digital Consumer Energy Resources (CER) data exchange.

This initiative, driven by projections from the Australian Electricity Market Operator’s (AEMO) 2024 Integrated System Plan (ISP), aims to integrate substantial increases in rooftop solar and flexible demand into the National Electricity Market (NEM) by 2050.

The ISP forecasts that by 2050, Australia will have 86 GW of rooftop solar and 27 GW of flexible demand response, which has spurred the development of the CER data exchange project.

The project is a collaborative effort between AEMO and Victorian network provider AusNet, and it has received funding of AUD 1.22 million (approximately $800,000) from the Australian Renewable Energy Agency (ARENA).

The goal of this initiative is to create a digital infrastructure that simplifies the integration of CERs into the electricity grid, making information sharing, market access, and coordination within the NEM more efficient and effective.

Australia Launches CER Data Exchange to Integrate Rooftop Solar and Flexible Demand by 2050
Australia Launches CER Data Exchange to Integrate Rooftop Solar and Flexible Demand by 2050

ARENA’s Chief Operating Officer, Darren Miller, emphasized the importance of the project in unlocking the potential value of CERs. He noted that as the share of electricity generated from sources like rooftop solar continues to grow, it is crucial to integrate these resources properly into the grid.

This integration will encourage further investment and support the transition to renewable energy sources, ultimately maximizing the benefits of consumer energy resources.

The development of the CER data exchange will include creating a comprehensive roadmap for its implementation, with recommendations anticipated by late 2024. This roadmap will outline the steps necessary for the successful deployment of the data exchange and its role in supporting Australia’s energy transition.

Building on the success of the ARENA-funded AEMO Project Edge, which demonstrated a proof-of-concept CER marketplace, the new data exchange project aims to deliver substantial economic benefits.

A cost-benefit analysis by Deloitte Access Economics estimates that the CER Data Exchange could generate between AUD 5.15 billion and AUD 6.04 billion in benefits over the next two decades, highlighting its potential impact on the future of Australia’s energy system.

Devendra Kumar

Written by Devendra Kumar

Devendra has been creating news reels for almost a decade now and he wants to share his knowledge and experience here at MiceNewsPH. You can reach out to him at [email protected]

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