Energy Modelling Expertise
300 Ann Street
Brisbane QLD 4000
Phone +61 7 3077 9630
GPO Box 77
Brisbane QLD 4001
Here at ROAM Consulting we are continually growing and changing, expanding our team and developing our knowledge and skill base to remain at the forefront of the energy industry and meet the demands of our expanding client base.
Watch this space for updates on major market developments and ROAM's ever increasing capabilities.
EY moves to acquire ROAM Consulting Pty Ltd
We are again shaking up the energy consulting industry in Australia & New Zealand and abroad. We are excited to be merging with EY to provide depth in energy sector understanding with the Valuations & Business Modelling and Transaction Advisory Services groups. The acquisition is intended to be completed during October 2014. All ROAM employees are invited to join EY Australia, and our Executive Chairman Ian Rose and Managing Director Ben Vanderwaal will both join EY as executive directors.
A general media release can be found here. Rest assured this will not affect our current service delivery and in future can only strengthen our capabilities to support our client's business. We look forward to being in touch with our existing and new clients in the coming weeks to discuss the benefits that this exciting move can deliver.
ROAMing to Paris
Dr Ian Rose will be attending the 2014 CIGRÉ conference in Paris from 25-29 August. Dr Rose will be representing the CIGRÉ Australian Panel Markets and Regulation committee by attendance at sessions, including a paper prepared by himself and other authors, from Transend, TransGrid and ElectraNet and approved by the committee, entitled: "Governance, Policy Development and Implementation within the Australian National Electricity Market (NEM)".
ROAM in Energy Digital
Check out the June 2014 issue of Energy Digital magazine, including ROAM Consulting advertorial and feature article on Boco Rock Wind Farm development (page 214).
AEMC Reliability Standard and Reliability Settings Review 2014
The Australian Energy Market Commission has published the Reliability Panel’s final report for the 2014 Reliability Standard and Settings Review. The report includes the Panel’s recommendations on the reliability settings that will apply from 1 July 2016. ROAM Consulting was engaged by the AEMC to provide quantitative modelling to inform the Panel’s decision making process.
ROAM Consulting continues to inform the RET Review
ROAM Consulting and Synergies provided analysis to inform the Business Council of Australia’s submission to the 2014 review of the Renewable Energy Target, looking at the historical breakdown of green scheme costs on residential and business retail bills. This analysis represents the most thorough assessment of historical green scheme costs available. The Business Council’s submission can be viewed here.
ROAM Insight Road Show
ROAM Consulting is on the road, delivering presentations to our clients on our short- and long-term outlook for electricity, gas and policy. These presentations build on extensive internal studies undertaken by our expert staff, as well as major projects we have conducted for clients such as the Clean Energy Council. Contact us to arrange a presentation by ROAM Consulting at your company, and learn what the future holds for the energy sector.
ROAM Consulting UQ Scholarship Awarded
ROAM is proud to announce the awarding of the ROAM Consulting Engineering
Leadership Scholarship for 2014 to Ben Valentine. The award is for the second
year of an undergraduate dual program combining a Bachelor of Engineering
(Electrical Engineering) with Business Management, Commerce, Economics,
Science, or Information Technology.
Executive Chairman Ian Rose said about the award, "To achieve the largest innovations, teams of people with diverse goals and interests are vital to industry. The reason I'm supporting the ROAM Scholarship at UQ is because I want to attract innovative people to electrical engineering, whilst encouraging them to build on their diverse interests and capabilities by incorporating another discipline whilst at university. Having this flexibility and adaptability is increasingly important, with working lives now spanning a half-century or more."
ROAM Consulting offer our congratulations to Ben, and wish him all the best with his studies.
AEMC publishes ROAM's report on System Restart Ancillary Services
ROAM's report which analyses and reviews the proposed changes to the procurement of SRAS has been published by the AEMC.
Commissioned by the National Generators Forum and the Private Generators Group; the report investigates the probability of large-scale blackouts occurring in the NEM and has identified two hypothetical network contingency events involving multiple regions. The resulting restoration process for each hypothetical case was analysed to evaluate how the proposed SRAS policy changes may effect the overall economic impact of the event.
ROAM Representing at Australian Solar Council Industry Conference
Dr Joel Gilmore will be presenting next month at the Australian Solar Council’s Scientific Conference. His paper, "Past, present and future: competitiveness of solar power in the wholesale market", will include discussion of whether the price spikes experienced in the southern states early this year are likely to continue into the future, and what implications this has for large-scale solar PV.
ROAM presence at Clean Energy Week: large scale solar, high voltage transmission and off-grid systems
ROAM will cement our presence in innovative renewable energy projects with three presentations across a broad range of topics at Clean Energy Week, to be held in Sydney from 22 – 25 July. Dr Joel Gilmore will answer the burning question of where is the best place to build a solar project in Australia, considering technical and economic risks and benefits. Todd Turner will present a ROAM-developed methodology to optimise integration of renewable energy and battery storage in off-grid systems. With an estimated six percent of Australia’s electricity demand outside the major networks, this is an exciting development in reducing costs and emissions, while maintain security of supply, in remote areas. Clare Silcock will challenge the current lack of interest in new transmission by presenting a least cost, high renewable energy future based around a high voltage transmission line between Western Australia and South Australia.
ROAM report on RET published by Clean Energy Council
A new report by ROAM released today analyses the impact of Australia’s Renewable Energy Target on wholesale electricity prices, retail electricity prices, emissions, investment and jobs. The report, commissioned by the Clean Energy Council, was published on their website today. The release comes in the midst of the Federal Government’s review of the scheme and is generating significant interest in the energy industry and popular media.
CIGRÉ 2014 SESSION PAPER PRESENTATION & POSTER SESSION
The paper "Governance, Policy Development and Implementation within the Australian National Electricity Market" by T Baker, I Rose, P Gall, N Clark, and R Korte has been accepted by Cigré international for its 2014 Session from 24 to 29 August 2014 in Paris France. The paper will be discussed in Study Committee C5 Session, Preferential Subject 1 - Electricity Market Governance, Market Models and Market Development Objectives.
QNI UPGRADE PROJECT ASSESSMENT DRAFT REPORT RELEASED
Powerlink and TransGrid have published a draft recommendation in relation to the development of the Queensland to NSW Interconnector. ROAM assisted TransGrid in its investigations by deploying the 2-4-C® LTIRP Long Term Integrated Resource Planning model to compute the retirement and instalment program for the NEM. TransGrid used the outcome of LTIRP to assess the benefits of the upgrade. TransGrid and Powerlink consider it prudent at this stage to recommend the ‘do nothing’ option as the proposed preferred network option. However, TransGrid and Powerlink will continue to investigate the feasibility of any non-network option proposed or otherwise identified and encourage interested parties to make submissions regarding possible non-network solutions. The report is available.
ROAM relocating to heart of Brisbane CBD
We are excited to announce that we will soon be relocating to a brand new office space, in the heart of the Brisbane CBD. From Tuesday 22nd April, ROAM will be operating out of level 4, 300 Ann Street, Brisbane; adjacent to Brisbane Central train station. We look forward to welcoming you to our new premises.
Draft report for the 2014 Reliability Standard and Settings Review
The Australian Energy Market Commission yesterday published their draft recommendations for the reliability standard and settings to apply from 1 July 2016. This includes recommendations for the value of the market price cap and market floor price. The review was informed by detailed modelling completed by ROAM. Comments are encouraged via the AEMC by 10 April 2014.
ROAM to present on wind forecasting for Western Australia
Dr Nicholas Cutler will give a talk at the inaugural Wind Industry Forum on Wed 19th March in Melbourne. His talk, entitled “Should Western Australia develop a centralised or decentralised wind power forecasting system?” is in the opening session of the forum on wind variability and forecasting at 9:30 am.
Celebrating 14 Years of providing Energy Modelling Expertise!
10th February 2014 is a big day for ROAM Consulting. On this day we celebrate our fourteenth anniversary of continuous delivery of electricity market forecasting for the NEM. During that time we have seen and been involved with the development of several interconnectors which have expanded the NEM from three states – NSW, Victoria and South Australia – by adding Queensland through the QNI and Directlink interconnectors, and Tasmania, through the Basslink interconnector. What will the next fourteen years bring: interconnections with Western Australia, Northern Territory, or Pilbara regions? We are sure to be involved as we are the leading company in Australia in large scale modelling using big data, big analytics, big computers and brilliant minds.
ROAM's solar paper highlighted by conference
Dr Joel Gilmore has been honoured by the selection of his paper as one of the best papers at the Solar Integration Workshop in London that he attended on behalf of ROAM last year. His report on the integration of solar power into the Australian market and its potential synergies with energy storage technologies will be eligible for publication in a special edition of IET Renewable Power Generation
ROAM presenting at Summer School
Dr Joel Gilmore will be presenting again this year at the Australian Power Institute Summer School where he has been invited to speak about energy storage technology and its future role in domestic and international electricity systems.
ROAM Consulting Scholarship at UQ in 2014
ROAM is proud to be partnering with the University of Queensland to provide a scholarship for a second year undergraduate in a Bachelor of Engineering dual program, combining Electrical Engineering with Business Management, Commerce, Economics, Science, or Information Technology. Applications for this 1 year scholarship will open 1 March 2014, through the school of Information Technology and Electrical Engineering. For more information and all enquiries please visit the Faculty of Engineering Scholarships website
ROAM Price Insight comes through hot spell with flying colours.
ROAM’s Price Insight was used by our clients to forecast price over a rolling seven day ahead period throughout the recent hot spell in the southern states. Price Insight successfully forecasts price spikes seven days ahead, helping our customers, who are in receipt of rolling forecasts, to manage their resources and maximise their financial position. Please contact us for a demonstration with no obligation.
AEMC publishes ROAM's draft report for reliability standard and settings review
The outcomes of ROAM Consulting’s modelling for the Reliability Standard and Settings Review were published today by the Australian Energy Market Commission. Comments are encouraged via the AEMC by 16 January 2014, or later as part of the formal consultation after publication of the Reliability Panel’s report in early 2014.
New face about ROAM
There will be a new face about the ROAM office this month, as we welcome Chris Finn into our fold. Chris is a math/physics graduate from UQ with about one year of modelling experience with ECCO International modelling the Texas grid. He will be doing some casual work with our Renewable Energy & Climate Policy team, before commencing full time in January.
Introducing ROAM's Trace Extrapolator (TEX)
ROAM Consulting has published a presentation describing the processes and methods ROAM employs to develop load forecasts for simulation models. ROAM has developed the Trace Extrapolator (TEX) to produce forecast time-series demand profiles that target energy and peak demand values while maintaining the relationship between energy demand and weather patterns observed in a historical reference year.
ROAM to present modelling outcomes in the Reliability Standard and Settings Review
ROAM has been assisting the Reliability Panel in providing quantitative modelling for the Reliability Standard and Settings Review.
ROAM will be presenting draft modelling outcomes at a public forum in Melbourne on 4 December.
If you wish to attend, please click here to register by 20 November 2013.
Wind Insight prevailing in India
ROAM has been working with Manikaran Power Limited since mid 2012 to establish Wind Insight for electricity market participants in India. ROAM's Managing Director Ben Vanderwaal and wind power forecasting specialist Nicholas Cutler will be travelling to India in late November 2013 to formalise the joint-venture between the two companies and to meet with industry regulators and clients of the service. Wind Insight is currently providing live 48-hour-ahead forecasts for eight wind farms across India with many more to come.
The Indian electricity market rules specify that wind farm operators must provide forecasts to assist with scheduling the grid. They will be subject to payment of penalties or receipt of benefits depending on whether their forecast error hinders or helps grid stability. Since the state of the grid cannot be known a priori, the wind farm forecast needs to be as accurate as possible.
ROAMer to take up Postgraduate Scholarship
ROAM this week bids farewell to our analyst programmer Brian Song. Brian has been awarded a scholarship to undertake a Master's in Neuro-biological Robotics at the University of Queensland, where he will be working under the School of Information Technology and Electrical Engineering, in collaboration with the Queensland Brain Institute. We wish Brian all the best with his studies.
ROAM Consulting Scholarship at UQ in 2014
Commencing in Semester 1, 2014, ROAM will be partnering with the University of Queensland to provide a scholarship for a second year undergraduate in a Bachelor of Engineering dual program, combining Electrical Engineering with Business Management, Commerce, Economics, Science, or Information Technology.
ROAM presenting at CIGRE South Africa conference
Joel Gilmore has been invited to present a tutorial at the 7th Cigré Southern Africa Regional Conference, speaking on the Australian electricity markets and the integration of renewable energy into the grid. This opportunity is supported by CIGRE Australia, and ROAM looks forward to continuing our involvement in the international electricity industry.
New ROAMer in the ranks
ROAM this week extends a warm welcome to our newest staff member, Todd Turner, who joins us from North Queensland. An electrical engineer with a background in power systems analysis at the distribution level, Todd will be delving into the high voltage sector from within our Engineering and Mathematics team.
London Solar and Wind Integration Workshops
ROAM's principal of Renewable Energy and Climate Policy has been accepted to give a presentation at the Solar Integration Workshop in London in October. Joel will speak about recent developments in the Australian solar market, and ROAM's long-term market analysis. Joel will also attend the adjacent Wind Integration Workshop.
2050 Taiwan GHGs Reduction Pathway Forum
ROAM's principal of Renewable Energy and Climate Policy recently returned from a workshop in Taiwan, where he was invited to speak on the AEMO 100% Renewables Study and to meet with the Taiwan Minister of the Environmental Protection Administration. The full program and presentations from Joel and other representatives from Australia, Japan and Europe, is now available online.
Clean Energy Week
This year Brisbane will be hosting Clean Energy Week, the annual conference organised by the Clean Energy Council. In addition to Ben Vanderwaal's engagement, ROAM has also been invited to present at the session, "Market Developments in Solar PV". Joel Gilmore from our renewables team will be speaking about our recent modelling of solar PV revenue streams and the longer term impacts of the "merit order effect". If you're coming to Brisbane, and would like to meet up for a coffee, let us know!
Clean Energy Week speaking engagement
ROAM Consulting will again be presenting at Clean Energy Week 2013, taking place at the Brisbane Convention and Exhibition Centre, 24-26 July. Managing Director Ben Vanderwaal will be speaking on understanding the economic risks associated with grid connection. The Session is at 1:30pm on day two. See the conference program for further details.
ROAMing to Taiwan
The Principal of ROAM's Renewable Energy & Climate Policy team, Dr Joel Gilmore, has been invited to speak at the 2050 Taiwan GHGs Reduction Pathway Forum in Taipei, Taiwan, discussing ROAM's contribution to the AEMO 100% Renewables project. Joel will join a small group of invited speakers from Australia and Germany at the full-day workshop, presenting to industry, academia and governments on transitioning Taiwan to a low carbon future. The event will be hosted by the ITRI (Industrial Technology Research Institute) on the 26th of June.
NEW Week-ahead Pool Price Forecasting service
What advantage would it give you to have an expert forecast of wholesale electricity prices up to a week ahead?
ROAM is excited to release Price Insight, a service delivering forecast pool prices and market dispatch out to 7 days ahead. Price Insight supplies critical information for NEM participants needing to make decisions with longer lead times than AEMO's next trading day pre-dispatch service provides for. Price Insight is built upon ROAM's proprietary market forecasting engine, 2-4-C®, developed to replicate the behaviour of AEMO's NEMDE model as closely as possible. Price Insight also takes advantage of Wind Insight – ROAM's state-of-the-art wind power forecasting system – to forecast wind farm generation for the coming week.
For more information, see our Week-ahead Pool Price Forecasting page or contact us.
ROAM to deliver training course in Singapore
ROAM Managing Director Ben Vanderwaal will be delivering a training course on Electricity Markets and Trading in Singapore. Hosted by the IBC Energy Training Academy, the course will take place over 27-28 June 2013. Refer to the brochure for a detailed course outline, or visit the IBC website to register.
ROAM supports AEMC Transmission Frameworks Review
On April 11 2013, the Australian Energy Market Commission (AEMC) released its final report on the Transmission Frameworks Review, the culmination of a three year process undertaken at the request of the Standing Council on Energy and Resources (SCER) of the Australian Government, previously the Ministerial Council on Energy. ROAM Consulting was the modelling consultant appointed by AEMC. The final report and ROAM's report are available on AEMC's website.
Update on Jakarta
The Power and Electricity Conference 2013 has been rescheduled to take place in September 2013 in Kuala Lumpur.
ROAMing to Jakarta!
Dr Joel Gilmore has been invited to speak at the Power and Electricity Conference 2013 in Jakarta, Indonesia. The theme of the conference is “Capitalising on the Region's Energy Potential”, and Joel will be speaking on the value proposition for storage technologies in Australia and internationally.
Good luck Tom!
ROAM this week bids farewell to our summer intern, Tom Molomby, who is returning to the University of New South Wales to undertake a master's degree in Energy Systems. The ROAM team wish you well.
ROAM's newest team member
ROAM extends a warm welcome to our newest team member, Clare Silcock, who joined us this month. Clare will be an analyst in the engineering group of ROAM, and will be working closely with the other groups.
Wind Insight heading abroad!
Dr Nicholas Cutler will be presenting at the New Zealand Wind Energy Conference on 20-22 March in Wellington. Nick will be presenting on Wind Insight, ROAM's proprietary tool for forecasting potential large rapid changes in wind power generation.
ROAM returning to API Summer School
Dr Joel Gilmore will be presenting at the API Summer School in Adelaide on Monday 25th February. Joel will be opening the day on the topic of storage, speaking on the role of storage and the path towards viability. Further details are on the API website.
ROAM Insight Issue 16 on sale now!
What lies ahead for the electricity market? You can find the key answers to the big questions in ROAM Insight. This report combines state-of-the-art modelling with expert electricity market knowledge to provide a forecast of the future of the National Electricity Market (NEM).
ROAM Insight represents the pinnacle of ROAM Consulting's forecasting efforts, involving many hundreds of hours from our team of analysts to understand and model every facet of the NEM. This sixteenth issue of ROAM Insight focuses on the major factors driving the future of the market right now, including:
- Milder electricity demand projections
- LNG development and how the market could and should respond
- Water availability and the possibility of a return to El Niño conditions
Do you need to have the best information available to manage your participation in the NEM? Get ROAM Insight - the publication for electricity market professionals. See our products page for full details and to download your order form.