A collection of analysis, observations and commentary about what we see (and have time to comment on) in terms of winter 2013 in Australia’s National Electricity Market
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Paul McArdle
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Paul McArdle
Friday, July 21 2006
Winter 2002 – Generator Market Power
From the start of the NEM through until 2001, the NEM was typified by a pricing dichotomy with sustained rock-bottom pricing in NSW, Snowy and Victoria and high and volatile pricing in the extremities (Queensland and South Australia).
In 2001, the QNI interconnection and many generation projects were developed. This led to the convergence of prices between all regions, and the disappearance of price volatility – circumstances that were a real threat to generator profitability.
In response, generators adopted an approach that came to be known as “the economic withholding of capacity” to engineer volatility into the market throughout winter 2002 – and hence higher prices as a result., and generator behaviour.
Paul McArdle
Monday, June 3 2013
Prices yo-yo in SA this morning, as installed capacity goes missing
Following yesterday’s warnings about the potential for a tight supply/demand balance in South Australia this week, it was not really a surprise when the SMS alerts from NEM-Watch began buzzing for the 07:20 dispatch interval this morning (NEM time), highlighting that the dispatch price in SA had jumped to $12,199.20/MWh. This has continued through the morning.
Paul McArdle
Saturday, September 5 2009
What was the peak NEM-Wide Demand this Winter?
A quick overview of how the daily peak NEM-wide demand trended over winter 2009, in relation to our forecasting competition.
Paul McArdle
Wednesday, July 24 2013
Queensland lunchtime demand slips away….
Today (Wednesday 24th July) we note how the Queensland lunchtime electricity demand is stuck in the blue zone – the uptake of solar PV, and a sunny day for Clean Energy Week, would be part of the reason.
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