I’ve included this as a separate article to make clear it does not relate to these cases of yo-yo Available Generation … but I did happen to notice it when flipping through bids in relation to Instance 03:
Interesting choice of rebid with the market under Administered Pricing in the QLD region … shifting 243MW from –$1000 to the $15,100Market Price Cap in the 22:50 dispatch interval.
Will need to think about the reasoning for this…or perhaps someone with more time can fill us all in?
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.
The dispatch price in Queensland spiked to $1,500/MWh at 18:25 and again at 22:40 yesterday evening – triggering jitters in some who fear a return to the volatility of summer 2013.
The third and final part of this series of articles from Greg Williams about opportunity costs in electricity markets – this time narrowing in on policy implications.
After reviewing the latest version of our Generator Statistical Digest (GSD), David Leitch shares his top insights about VRE curtailment across the NEM in 2024.
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