I’ve other things to finish off this evening, so might not have a chance to post any more – so thought it might be best to include this snapshot from NEMwatch at 16:40 highlighting spot prices up above $1,000/MWh in NSW, VIC and SA this afternoon … and not far off that in QLD and TAS.
This is when NEM-wide ‘Market Demand’ is only 27,808MW and available generation is 34,053MW.
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Note that the TAS price had previously jumped at 11:55 and 15:20
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.
We reported previously that a price cap was invoked in Tasmania on Tuesday 16th June because the Cumulative Price Threshold was reached. In official terminology, this was an Administered Price Period (APP). At 04:00AM this morning, NEMMCO released a market notice advising the market that the APP had been lifted…
One of 12 articles on the months past in the NEM. Here we present a detailed analysis of prices in each region of the NEM, for the month of April over the past 10 years.
Yesterday evening (Tue 9th June 2020) saw an example of ‘dunkelflaute’ across the NEM. It’s a phenomenon we will see increasingly as the transition progresses, so it’s something we should be seeking to understand, and address, with real world solutions and not rose coloured glasses.
An old adage runs that to eat an elephant, it’s best to proceed in small servings. With a very eventful Q2 in the NEM not yet finished, the number of headline events is already large enough – unexpected price volatility…
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