Prices in South Australia and Victoria have been high this afternoon, jumping up over $2000/MWh in both states at 3pm NEM-time today. Watch the events unfold in this video using the playback function* in NEM-Watch (click the button in the bottom right to view full-screen):
*The playback function is a standard feature in all models of NEM-Watch.
Our Managing Director was asked to speak at the “Queensland Energy” conference in Brisbane on Wednesday 12th March – specifically addressing the topic of price volatility in the NEM.
To provide the basis of discussion during the conference, we focused our analysis solely on Queensland region (to make the topic more manageable).
In our review of volatility in the Queensland region, we focused specifically on 3 core attributes of the market: Queensland dispatch prices; NEM-Wide Instantaneous Reserve Plant Margin; and the concept of “Economic Islands”.
At 08:53 on Monday morning 4th November 2024, AEMO published MN119852 looking forwards to this coming Sunday 10th November 2024 and a (first ever?) forecast MSL2 condition for Victoria.
In order to help us (internally) map out all the different threads to explore in terms of what happened on Friday 31st January 2020 on a remarkable day in the NEM, I’ve identified a few of the key threads here over the weekend. More articles to follow as time permits….
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