Catching up on a few tasks overhanging the holiday weeks, we noted how the spot price in South Australia dropped below zero (and almost did the same in Victoria) on an Anzac Day with low demand coinciding with high wind production levels.
Above, for future reference, is a snapshot of the incident in NEM-Watch v9.
Note (highlighted) the significant drop in demand in the Victorian region which contributed to the drop in prices in both regions.
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.
Whilst not reaching the heights of curtailment of Semi-Scheduled Large Solar, on Sunday 1st September 2024 curtailment of Wind yield across the NEM reached as high as 54%.
As NEM wind power plants progressively work towards implementing FCAS, the criticality of ensuring that the power system either a) takes account of the variability in the wind forecasts coming from the wind power plants in the coming 5-7 minutes and follows the wind direction, or b) sets an appropriate dispatch level to ensure wind variability is minimized, becomes even more important for market and power system operators.
Three main factors contributed to the spot prices in Queensland dropping underwater today for a number of hours – with some factors suggesting this might be the pattern for the coming week…
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