A recent development over in the WEM (paying energy users to consume, when there’s too much solar and wind) highlights the lack of foresight in the NEM … where we’ve implemented a significant reform (yet to start) that will do nothing to address negative prices.
Prompted by an SMS alert this evening, we take a look at the tight supply/demand balance currently forecast for the QLD region on Monday afternoon next week (30th Nov 2020).
Given the great interest in the new ‘X5 constraint’, guest author, Allan O’Neil, has invested some time to pick the new constraint equation to understand (and then explain) what it is, how likely it will be to bind, and who is likely to be affected.
From tomorrow (Fri 20th Nov) market participants in south-western NSW and north-western VIC will need to grapple with yet another transmission constraint seeking to ‘constraint down’ their output when it’s sunny and/or windy. This one is named ‘N^^N_NIL_3’.
Today (Thu 19th Nov 2020) the AEMC published a draft ruling following the AER request for a rule change relating to Semi-Scheduled generators … which itself followed from two COAG Energy Council requests to them
Some brief notes about the impact that South Australia’s ‘Stay at Home’ order might have on demand in the region.
Third day in a row, and at exactly the same time as yesterday (Mon 17th Nov) the dispatch price in QLD spiked through the roof. Here’s a quick first look…
David Leitch and Ben Willacy of ITK Services provide analysis of the NSW Government’s recently announced renewable energy plan.
It’s not officially summer, yet – but it sure seems like it is across QLD and NSW. High temperatures drive some prices spiking up to the Market Price Cap in both ENERGY and some FCAS commodities as well…
Paul McArdle recently drew my attention to a short Twitter thread started by David Osmond on the arcane topic of NEM system frequency behaviour: At Paul’s invitation I’ve dived…
In part 5 of this expanding Case Study of the unexpected price spike on Tuesday 13th Oct, linked to a large & sudden drop in output across 10 solar farms, we take a detailed look at the constraint set ‘Q-BCNE_821’ invoked to deal with the transmission outage between H11 Nebo (in ‘North’ zone) and H10 Bouldercombe (in ‘Central-West’ zone)
The prior record for ‘minimum demand’ in Victoria seems to have only lasted 8 short weeks, with the level nudged still lower on a sunny Sunday 1st November 2020 (coincident with a bit more freedom for Victorians after lockdown).