Coupled with this I’ve added this snapshot from ez2view at 13:05, with the Large Solar Farms highlighted, to provide some indication of how widespread the impact has been through today:
Note that FCAS Contingency Raise prices have been sky-high in the QLD region for hours … driven significantly by constraints on the QNI interconnector amongst other things.
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.
One of 12 articles on the months past in the NEM. For January we revisit events such as the fires at Moomba in 2004 (which curtailed gas supplies from central Australia); and the blackout on 16th January 2007 which drove the price to VOLL in Victoria.
Rapidly growing solar PV output has been widely tagged as the cause of low and even negative prices in Queensland. But in any market it’s the behaviour of ALL participants that determines price outcomes. Guest author Allan O’Neil takes a closer look at recent NEM bidding.
A quick look at the situation today, where generation in central and northern Queensland was constrained down in the middle of the day, driving prices higher.
Our guest author, Mike Williams, has posted some analysis (over on the specially-focused Demand Response site) looking at the benefits of spot exposure and Demand Response in Queensland
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