Australian Energy Market #Record: Australian domestic weekly #gasprices have exceeded AUD$30 per GJ for the first time.
Analysis period of 9th to 15th May 2022.
Brisbane STTM: $33.25/GJ
Sydney STTM: $34.88/GJ
Adelaide STTM: $36.06/GJ
Melbourne DWGM: $34.75/GJ (including 12-May 6am price of $55.00/GJ).
Joshua Stabler is the Managing Director at Energy Edge.
He has extensive experience in supply-side market operations for the electricity and gas sectors, and as an advisor and system developer in the Australian energy industry.
Tom Geiser argues against time-stamped Renewable Energy Certificates – and how the concept could impact trade, accuracy, market signals and other factors.
Generators used to consider the Australian National Electricity Market (NEM) FCAS causers pays factors (CPF), used to allocate FCAS regulation costs across the market, as an obscure and unimportant technically challenging curiosity. Since 2014, the cost of FCAS regulation services for generators has increased from just under $5 million per year to greater than $60 million for 2016 and now has the attention of all of the generators, especially if their portfolio includes generation assets in regions with a lack of FCAS regulation providers and high prices such as South Australia.
Guest author Stephen Wilson chaired an ‘ESIG Down Under’ conference webinar on ‘Designing the Energy Markets of the Future’. Whilst introducing the session, Stephen presented a diagram that helped to clarify the combination of different time horizons that need to be considered in holistically describing ‘the Market’. It will be of interest to WattClarity readers.
Last Thursday (31st Aug 2023) the AEMO published the ESOO 2023, including forecasts of some possibility of unserved energy in Victoria and South Australia this coming summer 2023-24 (above the Interim Reliability Measure). Guest author Allan O’Neil takes a look.
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