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.
There was an ‘Evening blast of spot price volatility in South Australia on Monday 23rd September 2024’ … roughly 6 weeks ago. Today, for several reasons, we start to take a closer look.
Alerted by our NEMwatch dashboard, I delve into the data and see a scary degree of correlation between the (very low) output of wind farms in south-east South Australia, and (similarly low) output from newer wind farms in northern NSW.
For only the 5th time in 11 years of NEM history (and the 3rd time for South Australia) four consecutive days of price spikes have forced the Cumulative Price to the Threshold, and AEMO has imposed price caps to prevent retailers from going bust.
I see a seismic shift is underway-
https://www.msn.com/en-au/news/australia/seismic-shift-underway-of-electricity-grid/ar-BB1eUQK3