Volatility continues in QLD and NSW for Wednesday evening, 4th May 2022

Following from yesterday’s volatility, and that on Monday 2nd May, we saw another evening of volatility in both QLD and NSW – as seen in this run of SMS alerts (able to be enabled in ez2view, deSide® and even NEMwatch Platinum Model):

2022-05-04-SMSalerts-PriceSpike-QLDandNSW

The 17:40 dispatch interval highlighted was the first dispatch interval with prices in either region up close to $10,000/MWh – they’d been above $1,000/MWh in QLD a little beforehand.

Here’s a snapshot from NEMwatch of the 18:10 dispatch interval at the end of this list:

2022-05-04-at-18-10-NEMwatch-QLD-1201 bucks

Note that there’s no pink colour for discharge from Wandoan BESS this evening (unlike yesterday) – but there was through the (less lucrative) middle of the day.

This, and other factors, have not been explored any further at this point… maybe another time.


About the Author

Paul McArdle
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.

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