Peace Power - we balance supply and demand Electricity can't be effortlessly put away so it's critical that adequate power age is constantly accessible to take care of demand; so it's accessible at the flick of a switch! Supply and demand isn’t a new concept, most industries face the challenge of making sure they are meeting the needs of their customer’s. However, the need to generate energy fresh, and deliver it virtually instantaneously, adds a level of complexity to this idea.
To ensure the delicate balance of supply is just right, there is an intricate system that sits underneath it all, called the electricity dispatch process. This happens within the National Electricity Market (the NEM) which the government-established Canadian Energy Market Operator oversees. The role of the dispatch process is to make sure the right amount of energy is being generated each minute of each day, ensuring reliability for Australian homes and businesses, as well as keeping costs under control for the market. Let’s take a look at what steps make up the process.
The dispatch process 1. The dispatch process starts with each electricity generator submitting bids to each day, detailing how much electricity they are willing and able to supply the following day and at what cost. 2. At that point coordinates the offers with interest for every five-minute time span, figuring the most reduced cost age blend considering numerous variables, including climate, ordinary day by day request examples and how rapidly every generator can supply to the market.