Following James’ comment, and knowing my full schedule for next week means that I (hopefully!) should not get distracted with more analysis, I’ve added this chart from NEM-Review to highlight how reduced exports from Queensland to NSW (because of constraint limitations, due to the outage mentioned) coincided with the price drop in Queensland:
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.
Just over 24 hours from making these comments, we saw prices jump sky-high in the mainland regions, and go the other way (to the negative price cap) in Tasmania.
Guest author, Tristan Edis, looks particularly at the Queensland Region of the NEM, and an almost complete stop in the development of new renewables projects.
Three price spikes in the QLD region on Saturday 10th April 2021 help to remind us that how increasingly dependent we are on various machinations of the weather (including, on these occasions, cloud cover and solar output).
Be the first to comment on "Reduced exports contributed to reduced prices"