Not to be left out, the TAS region experienced its own run of volatility this morning … such as the 07:40 dispatch interval (NEM time) captured in NEMwatch here:
The run of prices began at 05:55 and (apart from the 06:05 dispatch interval) lasted until 08:00, with all those dispatch intervals above $1,000/MWh. Here’s the latest prices in this capture of SMS alerts:
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.
Some worked examples of how several forms of Demand Response (including the proposed new Demand Response Mechanism) might impact wholesale prices, and participant positions.
Last Tuesday 23rd April 2024 I spoke with an audience organised by BofA Securities with respect to ‘Risk, Uncertainty and Volatility in the energy transition’. Here’s one illustration of why the spread of spot prices in the NEM has been increasing in recent years.
Several conversations this week prompted me to update the long-term view of how spot prices have trended over time (in particular because average prices in 2020 were quite different than recent years).
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