This morning Josh Stabler has noted via LinkedIn that ‘Melbourne’s Declared Wholesale Gas Market (DWGM) 6am schedule price reaching $34.84/GJ.’:
That’s clearly going to cause pain for a number of different types of stakeholders. Those high gas prices (not just in VIC) are flowing through to sustained high prices in the 4 x mainland regions in the NEM, as we see here in this snapshot from ez2view at 09:35 this morning:
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.
Prompted by last Friday’s publication of the AER’s ‘Wholesale Markets Quarterly’ for Q2 2021, here’s a tabulated summary of some of the contributing factors of spot price volatility (and hence high average prices) for the quarter – particularly for QLD and NSW.
Spurred by a number of concurrent requests I’ve returned to the pattern of prior analysis of Q2 prices (completed in 2016, 2017 and 2018) to look at what’s changed for Q2 2020 that’s just ended. Some stakeholders clearly taken by surprise. Analysis includes the SWIS in Western Australia
A starting list of all the factors I would like to delve into, in order to perform an objective review of what happened last Thursday and Friday in Victoria and South Australia
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