Eastern and Southern States, Australia
Participants in the Eastern National Electricity Market (NEM)
Synengco is collaborating with the energy analytics team within the Queensland Government, aiming to make informed, data-driven recommendations to policy makers.
Leveraging on best practice concepts from ISO 55001 and US EPA NESCS, a systematic framework for strategic decision support has been developed. By encoding data and knowledge about the NEM using agent-based modelling, we can conduct rigorous assessments of how each decision may impact the network and help the transition towards a sustainable energy network.
Objectives
✓ Derive insights about the NEM using public data
✓ Improve understanding of energy transition towards renewables
✓ Improve certainty around impact of policy options
Key Outcomes
✓ Insights gained into plant reliability using public data
✓ Model-based metrics established to assess outage risks
✓ Capacity modelling highlighted importance of behavioural modelling
✓ On-going project established to continue model development and scenario analysis
✓ Machine Learn market participant behaviour
✓ Weather, demand and ‘prosumer’ behaviour forecasting
✓ Model potential medium to long term changes
✓ Agent based simulation of whole network using models
