AEMO estimates it paid $11,612.33/MWh for Reserve Trader on Tuesday 25th May 2021 in QLD


In response to the Callide C4 Catastrophe the  AEMO negotiated with RERT Panel Members for the possibility of delivering ‘Reserve Trader’:

I’d noted this at the time in this article that afternoon.

At 17:39 the AEMO announced (in Market Notice 86007) that they had dispatched RERT:

________________________________________________________________________________________________

Notice ID            86007
Notice Type ID        Reserve Contract / Direction / Instruction
Notice Type Description    MARKET
Issue Date            Tuesday, 25 May 2021
External Reference        AEMO Intervention Event, Reliability and Emergency Reserver Trader (RERT) – NSW1 Region – 25/05/2021
________________________________________________________________________________________________

AEMO ELECTRICITY MARKET NOTICE,

AEMO Intervention Event, Reliability and Emergency Reserver Trader (RERT) – NSW1 Region – 25/05/2021

Refer AEMO Electricity Market Notice no. 85976
AEMO has dispatched/activated reserve contracts to maintain the power system in a Reliable operating state.
The reserve contracts was dispatched/activated at 17:00 hrs 25/05/2021 and is forecast to apply untill 21:30 hrs 25/05/2021
AEMO has implemented an AEMO intervention event for the duration the reserve contracts are dispatched/activated
To facilitate the RERT process, constraints commencing with the following identifiers may be evident at various times in dispatch

#RT_QLD1

Manager NEM Real Time Operations

… and a correction was issued as Market Notice 86034 at 18:45:

________________________________________________________________________________________________

Notice ID            86034
Notice Type ID        Reserve Contract / Direction / Instruction
Notice Type Description    MARKET
Issue Date            Tuesday, 25 May 2021
External Reference        Correction: AEMO Intervention Event, Reliability and Emergency Reserver Trader (RERT) – QLD1 Region – 25/05/2021
________________________________________________________________________________________________

AEMO ELECTRICITY MARKET NOTICE,

Correction: AEMO Intervention Event, Reliability and Emergency Reserver Trader (RERT) – QLD1 Region – 25/05/2021

Refer AEMO Electricity Market Notice no. 85976
AEMO has dispatched/activated reserve contracts to maintain the power system in a Reliable operating state.
The reserve contracts was dispatched/activated at 17:00 hrs 25/05/2021 and is forecast to apply untill 21:30 hrs 25/05/2021
AEMO has implemented an AEMO intervention event for the duration the reserve contracts are dispatched/activated
To facilitate the RERT process, constraints commencing with the following identifiers may be evident at various times in dispatch

#RT_QLD1

Manager NEM Real Time Operations

Following the conclusion of the event, AEMO issued Market Notice 86037 at 19:26 which noted:

________________________________________________________________________________________________

Notice ID            86037
Notice Type ID        Reserve Contract / Direction / Instruction
Notice Type Description    MARKET
Issue Date            Tuesday, 25 May 2021
External Reference        End of Reliability and Emergency Reserve Trader (RERT) dispatch for – QLD1 Region – and end of AEMO Intervention Event
________________________________________________________________________________________________

AEMO ELECTRICITY MARKET NOTICE.
End of Reliability and Emergency Reserve Trader (RERT) dispatch for – QLD1 Region – and end of AEMO Intervention Event

Refer AEMO Electricity Market Notice 86007
Activation of reserve contracts has ended.
The reserve contracts were
activated from 17:00 hrs 25/05/2021 to 19:30 25/05/2021
The AEMO Intervention Event ended from 19:30 hrs 25/05/2021

Manager NEM Real Time Operations

This afternoon, they have pointed us to this 1-page notice about ‘Estimated payments and volumes for Reliability and Emergency Reserve Trader (RERT) activation on 25 May 2021’ dated 1st June 2021:

2021-06-01-AEMO-RERT-25May-cost

Understanding that these are estimates, at this point, the AEMO notes 39MWh was dispatched – and $452,881 was paid for the emergency supply.

1)  If my maths is correct, this calculates out at $11,612.33/MWh (so below the Market Price Cap of $15,000/MWh that the market sat at for some hours); and

2)  Over the 150 minute period of dispatch, this would be an average  of 15.6MW rate of supply (if it was flat negawatt dispatch – which is not stated).

Note that actual data will be published in the quarterly RERT report due August 2021 (it will be published here).

————–

Note that this might be the first ever time RERT has been dispatched in QLD?

About the Author

Paul McArdle
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time. As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.

Be the first to comment on "AEMO estimates it paid $11,612.33/MWh for Reserve Trader on Tuesday 25th May 2021 in QLD"

Leave a comment

Your email address will not be published.


*