Articles we write through winter 2016 about what we see happening then
About the Author
Paul McArdle
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Rob Davis
Monday, August 8 2016
How have weather patterns influenced Victorian electricity demand so far this winter?
Our guest author, Rob Davis, provides insights on how weather patterns are contributing to electricity consumption this winter – particularly in Victoria.
Paul McArdle
Friday, June 21 2013
Wild price gyrations in Victoria (and elsewhere) today following a station trip at Yallourn
An animation of 90 minutes this morning where the price gyrated wildly in response to a trip at Yallourn, and numerous subsequent reactions by market participants and the AEMO.
Paul McArdle
Friday, June 3 2022
Volatile prices on Friday evening 3rd June 2022
A short article to document another volatility evening.
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.
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