AEMO contracts Reserve Trader (in QLD, on Fri 3rd Feb 2023), but trigger not yet pulled

A quick follow-on article (after this ~6am article) to circulate Market Notice 105553 as follows:

——————————————————————-
MARKET NOTICE
——————————————————————-

From : AEMO
To : NEMITWEB1
Creation Date : 03/02/2023 07:29:49

——————————————————————-

Notice ID : 105553
Notice Type ID : MARKET INTERVENTION
Notice Type Description : Reserve Contract / Direction / Instruction
Issue Date : 03/02/2023
External Reference : INTENTION TO COMMENCE RERT CONTRACT NEGOTIATIONS

——————————————————————-

Reason :

AEMO ELECTRICITY MARKET NOTICE.
Reliability and Emergency Reserve Trader (RERT) Intention to negotiate for additional reserve – QLD1 Region- 03/02/2023

Refer to AEMO Electricity Market Notice no. 105544.
AEMO intends to commence negotiations with RERT Panel members for the provision of additional reserve by issuing requests for tender for the following period of time;
17:30 to 21:30 hrs 03/02/2023
If reserve is required, the period of activation or dispatch will be within this period but may not be for the entire period.
AEMO will issue a further advice if reserve is contracted.

Manager NEM Real Time Operations

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END OF REPORT
——————————————————————-

Back on Tuesday in this article, I’d wondered about whether Reserve Trader might be required (and/or desired by the AEMO to provide an extra buffer).

A short time later (at 08:05) they published Market Notice 105556 as follows:

——————————————————————-
MARKET NOTICE
——————————————————————-

From : AEMO
To : NEMITWEB1
Creation Date : 03/02/2023 08:05:13

——————————————————————-

Notice ID : 105556
Notice Type ID : MARKET INTERVENTION
Notice Type Description : Reserve Contract / Direction / Instruction
Issue Date : 03/02/2023
External Reference : INTENTION TO IMPLEMENT an AEMO INTERVENTION EVENT WITH RERT

——————————————————————-

Reason :

AEMO ELECTRICITY MARKET NOTICE.

AEMO Intervention Event, Reliability and Emergency Reserve Trader (RERT) – QLD1 Region – 03/02/2023

Refer to AEMO Electricity Market Notice no. 105553.
AEMO has entered into a reserve contract and may implement a AEMO Intervention Eventt by dispatching that reserve contract to maintain the power system in a Reliable operating state during the following period of time;
17:30 to 21:30 hrs 03/02/2023
If reserve is required, the period of activation or dispatch will be within this period, but may not be for all the entire period.
AEMO will issue a further advice if the reserve contract is dispatched/activated.

Manager NEM Real Time Operations

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END OF REPORT
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So for the energy user advocates who were concerned about the cost of RERT in 2022, watch this space…

 

 

 

 

Nothing further at this point.

 


About the Author

Paul McArdle
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.

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