Not to be left out, the TAS region experienced its own run of volatility this morning … such as the 07:40 dispatch interval (NEM time) captured in NEMwatch here:
The run of prices began at 05:55 and (apart from the 06:05 dispatch interval) lasted until 08:00, with all those dispatch intervals above $1,000/MWh. Here’s the latest prices in this capture of SMS alerts:
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.
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”.
An animation of 90 minutes this morning where the price gyrated wildly in response to a trip at Yallourn, and numerous subsequent reactions by market participants and the AEMO.
It was volatile this morning well past that’s become ‘normal’ and the volatility has returned (as I expected it would) this evening. Here’s the snapshot of the 17:20 dispatch interval from one of our NEMwatch v10 dashboards: As highlighted: 1) …
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