The AEMO alluded to challenges in Victoria and South Australia with a Tweet at 2.30pm Wednesday afternoon. Market notices also highlighted a forecast lack of reserve (LOR) in both regions in the late afternoon. An Actual LOR1 was declared in Victoria at 16:45 subsequent to line trip in Victoria due to lightning.
As seen in the snapshot taken from NEM-Watch (Playback to 17:00 NEM time on the Wednesday 29th November), flow in and out of Victoria and South Australia was limited at all interconnectors.
With reserves already lacking in the southern states, higher temperatures combined with a credible contingency event in Victoria pushed the price up in Victoria and South Australia for the 17:00 dispatch interval.
Will the additional resources reduce the market volatility this summer?
When AEMO says that 2000 MW of additional resources will be available to the market, what are they referring to?
The Summer Operations 2017-2018 document released by the AEMO in November provides details about a number of actions that provides the 2,000 MW of additional resources: increasing capacity and maximising availability of generation and transmission system in the NEM, additional emergency non-market generation, ensuring sufficient fuel supply for generators and encouraging demand-side resources.
THANKS CAROL. I LIKE THE NEW FORMAT OF THAT REPORT IT LOOKS REALLY NICE.