Hazelwood closure announcement reflected in MT PASA capacity forecasts

Posted by Paul McArdle Thursday, November 3 2016 Topic: Spring 2016 in the NEM

The rumours alluded to in yesterday’s post turned into formal announcements today on the closure of Hazelwood at the end of March 2017.  Plenty of chatter on social media about that today, as could be expected.

Briefly checking the forward view in the physical market in ez2view, we see the big step change forecast in available capacity now with the withdrawal of all units at Hazelwood slated to be removed at the same time:

Closure of Hazelwood power station reflected in an ez2view widget

Will make for “interesting” bid pattern, and pricing changes from Q1 to Q2 2017…

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About the Author

Paul McArdle
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.

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5 Trackbacks & Pingbacks

  1. AEMO notes low reserve conditions for SA (this summer and next) and in Victoria (next summer) | WattClarity
  2. Energy sector unions throw oil onto fire | WattClarity
  3. End of an era at Hazelwood | WattClarity
  4. About claims that AGL was responsible for the uplift in prices after Hazelwood closed – WattClarity
  5. Prior to the wider release of the GSD2020 … here’s a 10-year trend of bidding behaviour – WattClarity

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