First price spike of Winter 2011

Posted by Paul McArdle Monday, July 25 2011 Topic: Winter 2011 in the NEM

As shown in the chart from NEM-Review below (showing prices up until this morning), prices have been very subdued across all regions in the NEM to date.

2011-07-25-trend-of-winter-prices

Modest energy consumption would be one of the reasons for this.

At 10:35 this morning, we’ve heard SMS alerts wake from their slumber to announce a price spike in the TAS region – as captured in an automated NEM-Watch snapshot emailed to everyone internally.

2011-07-25-at-10-35-NEM-Watch

Digging a little deeper into the data, we see that the Raise 6 second FCAS price also jumped slightly in response to a small loss of available generation in TAS.

2011-07-25-at-10-40-NEM-Watch-raise-6sec

Interestingly, we also note the Market Notice warning of a probable LOR2 situation tomorrow in South Australia.

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About the Author

Paul McArdle
Paul was one of the founders of Global-Roam in February 2000. He is currently the CEO of the company and the principal author of WattClarity. Writing for WattClarity has become a natural extension of his work in understanding the electricity market, enabling him to lead the team in developing better software for clients. Before co-founding the company, Paul worked as a Mechanical Engineer for the Queensland Electricity Commission in the early 1990s. He also gained international experience in Japan, the United States, Canada, the UK, and Argentina as part of his ES Cornwall Memorial Scholarship.

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