I did think this article was going to be the last, but it’s worth noting briefly the run of dispatch prices up at $1,000/MWh in the QLD region this evening from 17:20 to 18:50 (excepting 17:25 and 18:30).
Here’s the 18:40 dispatch interval captured in this NEMwatch snapshot:
No other comments at this point – might refer back to this event at some other point.
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.
Our Managing Director was asked to speak at the “Queensland Energy” conference in Brisbane on Wednesday 12th March – specifically addressing the topic of price volatility in the NEM.
To provide the basis of discussion during the conference, we focused our analysis solely on Queensland region (to make the topic more manageable).
In our review of volatility in the Queensland region, we focused specifically on 3 core attributes of the market: Queensland dispatch prices; NEM-Wide Instantaneous Reserve Plant Margin; and the concept of “Economic Islands”.
It was forecast it would be a hot day in the southern part of the NEM and it did not disappoint. The hot weather was one of the factors that contributed to price spikes … in Regulation FCAS, and then in QLD and later in South Australia.
A timely reminder from the BOM of why ‘Apparent Temperature’ can be significantly higher than ‘Actual Temperature’ … such as across QLD on Saturday 27th Jan 2024 (and also Mon 22nd Jan 2024).
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