FCAS: Valuing Participation Over Price in Australia's Energy Transition
As Australia races toward a cleaner, more renewable-powered grid, there’s one market mechanism that remains critical to keeping the system stable: Frequency Control Ancillary Services (FCAS). And yet, in recent commentary and investment discourse, FCAS is too often written off as a “mature” or “declining” market — a view that, frankly, misses the point entirely.