AEMO commences Reserve Trader negotiations for NSW Region today (Tue 1st Feb 2022)


Yesterday evening, the AEMO announced its intention to commence Reserve Trader negotiations in the QLD region, which was no surprise given what was forecast then (and still is forecast now for this afternoon).

At 11:32:36 today the AEMO published Market Notice 94347 announcing a similar process for the NSW region, which is also forecast to be very tight this afternoon/evening – from 16:30 to 19:00 (NEM time).  Here’s the text of the notice:

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MARKET NOTICE
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From :              AEMO
To   :              NEMITWEB1
Creation Date :     01/02/2022     11:32:36

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Notice ID               :         94347
Notice Type ID          :         MARKET INTERVENTION
Notice Type Description :         Reserve Contract / Direction / Instruction
Issue Date              :         01/02/2022
External Reference      :         INTENTION TO COMMENCE RERT CONTRACT NEGOTIATIONS

——————————————————————-

Reason :

AEMO ELECTRICITY MARKET NOTICE.
Reliability and Emergency Reserve Trader (RERT) Intention to negotiate for additional reserve – NSW1 Region- 01/02/2022

Refer to AEMO Electricity Market Notice no. 94338.
AEMO intends to commence negotiations with RERT Panel members for the provision of additional reserve by issuing requests for tender for the following period of time;
16:30 to 19:00 hrs 01/02/2022
If reserve is required, the period of activation or dispatch will be within this period but may not be for the entire period.
AEMO will issue a further advice if reserve is contracted.

Manager NEM Real Time Operations

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END OF REPORT
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In the ever-expanding WattClarity Glossary we’ll eventually put some information about Reserve Trader (also called RERT) … but for now this tweet from AEMO today at 12:29 links to useful information:

2022-02-01-tweet-AEMO-RERT

Here’s the AEMO Fact Sheet directly:

2022-02-01-AEMO-FactSheet-RERT

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.

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