An important thing to note is that there is an auction for energy prices every 5 minutes, however once a generator enters the market, the price they bid for that 5 minutes holds for the following 30 minutes. So there is financial incentive for the gas-fired peaker plants to delay entering the market until power shortage pushes the price high.
http://reneweconomy.com.au/change-market-rules-and-battery-storage-will-easily-beat-gas-12917/
An important thing to note is that there is an auction for...
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