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Australian regulator to fine grid assets which destabilize ferquency and reward those which balance it
Regulator the Australian Energy Market Operator's (AEMO) reform of frequency performance payments (FPP) will future-proof the National Electricity Market (NEM) grid by setting real-time incentives for fast and flexible assets such as batteries.
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Why long-duration doesn’t pay – yet.
Despite growing recognition of long-duration storage’s importance, independent system operator (ISO) and regional transmission organization (RTO) market structures in the US still reward short-term response, leaving developers little financial incentive to build batteries with more than two hours of capacity.
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