Quiz: Test your knowledge of energy market terminology

1. What does AEMO stand for?

Australian Energy Media Office

Australian Energy Market Organiser

Australian Energy Market Office

Australian Energy Market Operator

2. In the energy market, ‘transmission loss’ refers to…

Homes and businesses losing power

Messages from the market operator that cannot be delivered

Electricity that is lost as it flows across power lines

Generator outages

3. What is a virtual power plant?

A power plant located in the metaverse

A network that aggregates the capacities of centralised generators so they can work together as a single power plant

A network that aggregates the capacities of distributed energy resources so they can work together as a single power plant

A power plant manned by robot workers

4. Generators that can be switched on and off and ramp their power output up and down according to market needs are considered ‘dispatchable’. Which of the following is NOT a source of dispatchable generation?

Hydroelectric power station

Gas-fired power station

Wind turbine

Grid battery

5. As of October 2021, how often is the spot price of energy settled?

Every five minutes

Every half hour

Every hour

Every two hours

6. To maintain the frequency of the grid, synchronous generators in traditional power stations spin at around __ cycles per second.

500

5000

7. HELE stands for…

High Efficiency, Low Emissions

High Emergency, Low Energy

High Emissions, Low Efficiency

High Elevation, Low Escalation

8. Which of the following is NOT a region of the National Electricity Market (NEM)?

Queensland

South Australia

Western Australia

Tasmania

9. ‘Underlying demand’ refers to…

The demand for energy from the grid at any given time

The demand for energy from behind-the-meter resources at any given time

The demand for energy from the grid AND behind-the-meter resources at any given time

The amount of energy required to safely operate the grid at any given time

10. True or false – gas-fired generators are often referred to as ‘peakers’ because they are usually located on top of mountains.

True

False

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