Burst of volatility in NSW and QLD (and Actual LOR1) on Thursday 13th March 2025

This is just a short note with a snapshot from NEMwatch at 17:40 (NEM time) on Thursday 13th March 2025 as follows:

2025-03-13-at-17-40-NEMwatch-Volatility

At 17:45 the AEMO issued MN125606 as follows:

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

From :              AEMO
To   :              NEMITWEB1
Creation Date :     13/03/2025     17:45:09

——————————————————————-

Notice ID               :         125606
Notice Type ID          :         RESERVE NOTICE
Notice Type Description :         LRC/LOR1/LOR2/LOR3
Issue Date              :         13/03/2025
External Reference      :         Actual Lack Of Reserve Level 1 (LOR1) in the NSW region – 13/03/2025

——————————————————————-

Reason :

AEMO ELECTRICITY MARKET NOTICE

Actual Lack Of Reserve Level 1 (LOR1) in the NSW region – 13/03/2025

An Actual LOR1 condition has been declared under clause 4.8.4(b) of the National Electricity Rules for the NSW region from 1730 hrs.
The Actual LOR1 condition is forecast to exist until 1830 hrs

The capacity reserve requirement is 1668 MW
The minimum capacity reserve available is 1530 MW

Manager NEM Real Time Operations

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

 

We might come back to this, later…

About the Author

Paul McArdle
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.

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