Thischapter presents a case study illustrating the physical dispatch al-gorithm used by Australia’s electricity market operator (AEMO) to determine which
power plants to dispatch into the grid and the resultant electricity spot price. The
models are similar to case studies applied by the author in professional development
for training a disparate audience about the nature of the deregulated Australian Na-tional Electricity Market (NEM). This chapter addresses the particular experiences
of the author in delivering professional development education to an area of industry
focusing in energy and finance. It has been found that the commonality amongst a
diverse range of workshop participants is their understanding of Excel, and it forms
an ideal mechanism to communicate technical and mathematical concepts. Although
highly simplified, the implementation exhibits the key concepts of price-setting and
dispatch instructions in the Australian electricity market (NEM).
Keywords: National Electricity Market (NEM), dispatch algorithm
