Spot volatility, and an Actual LOR1, in South Australia on Thursday 9th February 2023

A very short article this evening (partly so we have something to refer back to later in future articles, and elsewhere) to record a burst of volatility in South Australia this evening – here’s a snapshot from NEMwatch at the 19:00 dispatch interval:

A little after this snapshot was taken, at 19:26 (NEM time) the AEMO published Market Notice 105751 noting an Actual LOR1 situation existed, forecast to extend out till 20:30:

——————————————————————-
MARKET NOTICE
——————————————————————-

From :              AEMO
To   :              NEMITWEB1
Creation Date :     09/02/2023     19:26:07

——————————————————————-

Notice ID               :         105751
Notice Type ID          :         RESERVE NOTICE
Notice Type Description :         LRC/LOR1/LOR2/LOR3
Issue Date              :         09/02/2023
External Reference      :         Actual Lack Of Reserve Level 1 (LOR1) in the SA region – 09/02/2023

——————————————————————-

Reason :

AEMO ELECTRICITY MARKET NOTICE

Actual Lack Of Reserve Level 1 (LOR1) in the SA region – 09/02/2023

An Actual LOR1 condition has been declared under clause 4.8.4(b) of the National Electricity Rules for the SA region from 1900 hrs.

The Actual LOR1 condition is forecast to exist until 2030 hrs.

The forecast capacity reserve requirement is 567 MW.
The minimum capacity reserve available is 360 MW.

Manager NEM Real Time Operations

——————————————————————-
END OF REPORT
——————————————————————-

Nothing further at this point.