Worth including this snapshot from ez2view of the 13:05 dispatch interval highlighting electricity spot prices elevated across all regions of the NEM for a number of reasons (including coal (and other) unit outages, and the high spot gas prices shown):
The 13:05 dispatch interval was randomly chosen today – but looks similar to a large number of other dispatch interval that’s been occurring in recent weeks (it will be interesting to look at the details when I run the update on this annual analysis of Q2 prices at the end of this Q2 2022).
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.
Carl Daley of EnergyByte, examines recent energy and gas price volatility, leading to the conclusion that the May to July period in QLD and NSW has been the biggest shock to the spot market in history, and the forward price movements are rivalling the record setting year of 2007.
On Wed 1st and Thu 2nd May 2024 I appreciated the opportunity to participate in the EUAA National Conference for 2024. Here’s the start of some reflections.
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