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.
Guest author, Allan O’Neil, provides us an update today on what we can see about summer 2019-20 (in the physical market, and the financial market), now that it is only just around the corner.
Close to $31.5M of revenue was generated in the FCAS markets in SA over the seven days that the region was frequency separated from the rest of the NEM. This follow-on from Allan O’Neil’s earlier article investigates this final figure.
Several conversations this week prompted me to update the long-term view of how spot prices have trended over time (in particular because average prices in 2020 were quite different than recent years).
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