AEMO continues to monitor gas supplies – with respect to high demand

With respect to yesterday’s ‘Notification of Potential Gas Supply Shortfall Event’ and this evening’s tight supply-demand balance in the NEM, worth noting this AEMO tweet at 17:50 this evening:


… which links to this short update on the AEMO website, which says:

AEMO update on tight gas supplies in southern states


1 min

    • Gas producers in Queensland have responded to shortfalls in the southern states, following AEMO’s activation of the Gas Supply Guarantee mechanism yesterday.
    • We’re seeing gas flow at near capacity (98% or 397 terajoules) through the South West Queensland Pipeline, which connects into NSW, VIC and SA.
    • Supplies remain tight, with high gas demand driven by heating needs with colder weather and for power generation.
    • Administered price caps ($40 gigajoule) will remain in the Sydney and Brisbane short term trading markets until 7 June 2022 at this stage. (Required under the National Gas Rules following the gas retailer of last resort (RoLR) event involving Weston Energy on 24 May 2022).
    • Victoria’s gas market (Victorian declared wholesale gas market) also remains capped at $40/GJ after reaching a cumulative high price threshold on 30 May. This will remain capped until the cumulative price falls and remains below the threshold for a day.
    • On current availability forecasts, there is sufficient electricity supply to meet forecast demand in the National Electricity Market.
    • AEMO continuously updates NEM forecasts as conditions change.
    • We continue to work closely with market participants, industry and governments to manage the situation.


For more information: AEMO Media I M 0409 382 121 I E

A stressful time in the AEMO control rooms!

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.

Be the first to comment on "AEMO continues to monitor gas supplies – with respect to high demand"

Leave a comment

Your email address will not be published.