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Key Themes | Round 1: Market Sounding Meetings

Round 1 Market Sounding meetings were conducted between June 2-26, 2023, and key themes that emerged include:

  1. Strong interest in participating in future Fast Frequency Response services
  2. Battery Energy Storage Systems and hybrid generation can satisfy high-level technical requirements
  3. Long equipment lead times and AESO connection process risk delaying commercial readiness of new projects (require start date flexibility)
  4. Project viability remains uncertain depending on revenues and costs, including Demand Transmission Service costs
  5. Financial close requires greater technical and commercial certainty of future FFR services
  6. Longer-term contracts will lower the annual cost of service