Another of the case studies we compiled as part of our extensive review of “Summer 2013 in Queensland: What happened, why and what are the future implications” utilised our ez2viewAustralia software package to walk through several hours through the evening of Saturday 12th January 2013.
This was a weekend that was remarkable for reasons previously discussed – and occurred within a 4-month period that was remarkable for a number of different reasons. Only some of the factors that contributed to the high prices delivered for the entire summer period were present on this occasion – though it is still informative.
With this one we have experimented with adding in an audio commentary – so turn your speakers up, and then let us know if this also helps to make these events more understandable?
Queensland Summer 2013What happened, why – and what are the future implications?
This report is ready to be provided in three parts:
PART 1 = Executive Insights has been written, and substantially refined, to be about 40 pages summarising the different factors that contributed to the key outcomes that emerged over summer (including those above, plus more). We summarise how these have come about, and comment on what the potential future implications might be.
PART 2 = Analytical Details has been compiled for the detail oriented and is centered around individual review of each of the 121 days over the period we have termed Summer 2013 for this review (December 2012 to March 2013). In several cases we have included focused Case Studies of specific events that occurred over summer – such as the one above.
PART 3 = An Explanation of some key concepts in the NEM has been prepared to augment AEMO’s excellent “An Introduction to the NEM” brochure, and provide some more details necessary for understanding the nature of volatility in the Queensland Region over summer. It’s designed to be read in conjunction with the illustrated Case Studies to help those not intimately aware of the workings of the NEM to understand what’s occurred, and why.
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
With demand soaring, and interconnectors constrained, generators in South Australia and Victoria took what opportunity they had to force the price high. So successful were the South Australian generators that the Cumulative Price Threshold was reached in South Australia and, under NEM Rules, an Administered Price Cap was applied for a period of time.
There was a high level in demand in Victoria on Thursday 26th January 2006.
This was especially remarkable, considering that it was an Australia Day public holiday – when commercial (though not industrial or residential) demand could be expected to be somewhat lower than would otherwise be the case.
Coupled with this level of demand was a significant spike in price that lasted several hours.