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Fix the energy market
Draft

Australian NEM + Dynamic Network Access

An emerging architecture combining five-minute regional wholesale dispatch and pricing with separate distribution-network access limits and increasing DER coordination.

Solution section

Balancing & Real-Time Operation

How deviations, uncertainty and real-time system requirements are handled.

Balancing & Real-Time Operation

The NEM repeatedly updates physical dispatch every five minutes.

Conceptually:

latest system statecentral dispatchdispatch targetsnext system state.\text{latest system state} \rightarrow \text{central dispatch} \rightarrow \text{dispatch targets} \rightarrow \text{next system state}.

Frequency-control and other ancillary services remain additional mechanisms.

The frequent dispatch cycle makes this architecture particularly interesting from a control-theory perspective.