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.
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.
Following the heatwave last week, a review of the symbiotic nature of the link between the gas and electricity markets in the gas-hungry state of South Australia
As part of the process of compilation of our Generator Report Card 2018, we’re delving into quite some detail into various aspects of generator bidding and re-bidding. Today I thought it might be useful to share some *very early and preliminary* observations that we’re starting to see when trending and categorising rebids.
A full page article in the FinReview today quotes a number of people (including our work in the Generator Report Card) speaking about heightened risk in the NEM. Coincident with this, we see another instance of negative prices in South Australia (which has become increasingly common) but also something I can’t remember seeing before – an average negative price across the entire day so far!
Last night, in addition to the dramas unfolding in the QLD region, we set a new record for coincident NEM-wide wind production – eclipsing the prior record from exactly 6 weeks ago.
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