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.
It was an article in the AFR, on the 6th of February 2024, that drew our attention back to generator closures. Engie have announced the early closure of Snuggery and Port Lincoln Power Stations.
Despite it being overtaken by today’s Market Suspension, with its own compensation arrangements – still might be useful for readers to be aware of these two sources of discussion about the two different sources of compensation that seemed to be at play for a few days under Administered Price Caps (APC) following Cumulative Price Threshold (CPT) being reached.
All four mainland regions of the NEM are now under Administered Pricing … with SA and then VIC joining NSW and QLD in quick succession Monday evening 13th June 2022.
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