In the press release, the AEMO cite weather and reduced gas demand as reasons for the underlying change in dynamics:
“Favourable weather conditions toward the end of winter and reduced gas generation demand have allowed Iona to start refilling its storage capacity. Iona inventory is currently sitting at 44% or 10,736 TJ, while Newcastle LNG is currently holding 556 TJ, which is 36% full.”
Coincidentally, Goeff Chambers and Colin Packham published the article ‘Perfect storm’ warning issued to Australia’s east coast energy market last night on The Australian website. It quoted several energy executives who voiced that concerns over gas production and infrastructure still lingered, lamenting that the east coast had “dodged a winter bullet”.
Dan is a Market Analyst, who joined Global-Roam in June 2013.
He departed (and returned) for a couple of brief stints overseas, before rejoining the team permanently in late 2019. Alongside his work at Global-Roam, he has undertaken short-term contract roles as an analyst and researcher in various areas of the energy sector. Dan graduated from the Master of Sustainable Energy program at the University of Queensland in 2024.
The 2024 Transition Plan for System Security ties together many of the threads identified in previous AEMO studies in developing this plan for managing system security in a low emission power system.
Quite a synergistic coincidence today that, at the same time as we are finalizing the release of the GSD2020, we see the AEMO publishes its Quarterly Energy Dynamics for Q4 2020.
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