Guest author, Allan O’Neil, contributed this ‘Down 55% – but not out’ article that covered a number of different aspects of what went on on this eventful evening … both top-down and bottom-up.
Part 5
Friday 19th March 2021
AEMO published their preliminary report.
Part 6
(more to come?)
Perhaps there will be more, as there are still a few questions we are puzzled about….
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.
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.
1 Commenton "AEMO publishes Preliminary Incident Report about incident on Friday 12th March in South Australia"
I see a seismic shift is underway-
https://www.msn.com/en-au/news/australia/seismic-shift-underway-of-electricity-grid/ar-BB1eUQK3