Our Guest Author, Mike Williams, has posted his final piece of an initial series of articles about the opportunities for end users in the mainland regions of the National Electricity Market.
About our Guest Author
Michael Williams is the founder and CEO of Altus Energy Strategies.Altus Energy Solutions helps energy intensive enterprises to significantly reduce energy costs and risks by matching operational needs to the large range of energy supply options that exist in any market. Altus Energy develops very different strategies to the solutions offered by retailers who take a vanilla approach to their bundled energy supply offers.
Those retailers are never able to fully understand customer idiosyncrasies and must protect their margins with built in risk premiums.
Guest author, Drew Donnelly at Compliance Quarter, uses the review of hedge practices in the wholesale market included in the recent ACCC report as an opportunity to reflect on what approaches they have seen in their work with new entrant retailers
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.
The surge in NEM spot prices since 2015, and related impacts on contract and retail prices, have been extensively discussed and analysed in many forums, from ACCC inquiries to Twitter. The underlying reasons for the rise are well understood and…
We play an active role in facilitating the Demand Response of large energy users, such that they can assist in making the electricity market more efficient.
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