Post: Storms disrupt power in Victoria

Storms disrupt power in Victoria

Extreme weather resulted in the collapse of six transmission towers, leading to widespread power outages across Victoria on 13 February.
The Moorabool to Sydenham 500 kilovolt transmission lines tripped, multiple generators disconnected from the grid, including the Loy Yang A power station (one of the state’s three remaining coal-fired power stations), while storm damage led to further localised power outages. At its peak around 4pm, AEMO said that 530,000 customers had lost power, most of whom were with Ausnet and United Energy in the state’s inner and outer east.
The spot price of energy in Victoria jump from $256/MWh at 1:10pm, to $16,600/MWh by 1:15pm — the maximum charge cap for the market. The high price indicated the lack of Victorian energy supply to match, prompting AEMO to direct AusNet Services to enact load shedding, impacting 90,000 customers across the state.

During these event’s GridBeyond’s customers responded, earning them revenues from grid schemes, supporting the network operators and helping prevent further outages on the system for the benefit of all consumers across the National Energy Market. Our award-winning technology platform connects energy intensive assets and automatically adjusts power consumption in real-time to balance the transmission system – all with minimal impact to operations.
But in addition to payments for demand response, a partnership with GridBeyond can support your business to:
• increase resilience with our CapEx free battery solutions
• manage energy procurement and prices
• cost-effectively electrify assets, such as vehicles and
• Put your business on the road to net zero

As the dust settles and power is restored to affected areas, the significance of innovative solutions like GridBeyond’s becomes increasingly apparent. By leveraging advanced technology, businesses can not only navigate through disruptions but also contribute to the overall resilience of the grid. From earning revenues through demand response initiatives to embracing sustainable practices towards achieving net-zero goals, the path forward is clear: collaboration and forward-thinking strategies are key to a more resilient and sustainable energy future.
For businesses seeking to bolster their resilience and play a pivotal role in shaping Australia’s energy landscape, contact GridBeyond today to explore tailored solutions for a sustainable and secure future.

Decoding demand response | Australia

By participating in demand response programs your business could receive substantial financial payments for agreeing to reduce energy in response to grid signals that could help to offset some of the cost increases seen over the last two years.

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