AEMO commences RERT negotiations in NSW on Thursday 16th March 2023

Well, that escalated quickly!  Not long after posting this article about the late blast to summer in QLD and NSW than the AEMO publishes two Market Notices of interest…

At 17:03 they published Market Notice 106706 for Forecast LOR2-level Low Reserve Condition in NSW for this evening:

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MARKET NOTICE
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From :              AEMO
To   :              NEMITWEB1
Creation Date :     16/03/2023     17:03:29

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Notice ID               :         106706
Notice Type ID          :         RESERVE NOTICE
Notice Type Description :         LRC/LOR1/LOR2/LOR3
Issue Date              :         16/03/2023
External Reference      :         PDPASA – Forecast Lack Of Reserve Level 2 (LOR2) in the NSW Region on 16/03/2023

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Reason :

AEMO ELECTRICITY MARKET NOTICE

AEMO declares a Forecast LOR2 condition under clause 4.8.4(b) of the National Electricity Rules for the NSW region for the following period:

From 1800 hrs 16/03/2023 to 1830 hrs 16/03/2023.
The forecast capacity reserve requirement is 700 MW.
The minimum capacity reserve available is 682 MW.

AEMO is seeking a market response.

AEMO estimates the latest time it would need to intervene through an AEMO intervention event is 1730 hrs on 16/03/2023.

Manager NEM Real Time Operations

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END OF REPORT
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Now four minutes after that, they publish MN106708 about ‘Intention to commence RERT negotiations’:

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MARKET NOTICE
——————————————————————-

From :              AEMO
To   :              NEMITWEB1
Creation Date :     16/03/2023     17:07:34

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Notice ID               :         106708
Notice Type ID          :         MARKET INTERVENTION
Notice Type Description :         Reserve Contract / Direction / Instruction
Issue Date              :         16/03/2023
External Reference      :         INTENTION TO COMMENCE RERT CONTRACT NEGOTIATIONS

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Reason :

AEMO ELECTRICITY MARKET NOTICE.
Reliability and Emergency Reserve Trader (RERT) Intention to negotiate for additional reserve – NSW1 Region- 16/03/2023

Refer to AEMO Electricity Market Notice no. 106706.
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;

18:00 to 19:00 hrs 16/03/2023

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
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Stay tuned for what happens this evening …

 

Liddell Closure soon…

Worth reminding readers that it’s a little over a month now till 19th April 2023, the scheduled closure date for the first of the 3 remaining Liddell units.  All three units are running currently.

 

PS1 … AEMO may dispatch RERT

A quick update…

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MARKET NOTICE
——————————————————————-

From : AEMO
To : NEMITWEB1
Creation Date : 16/03/2023 17:23:33

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Notice ID : 106713
Notice Type ID : MARKET INTERVENTION
Notice Type Description : Reserve Contract / Direction / Instruction
Issue Date : 16/03/2023
External Reference : INTENTION TO IMPLEMENT an AEMO INTERVENTION EVENT WITH RERT

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Reason :

AEMO ELECTRICITY MARKET NOTICE.

AEMO Intervention Event, Reliability and Emergency Reserve Trader (RERT) – NSW1 Region – 16/03/2023

Refer to AEMO Electricity Market Notice no. 106708.
AEMO has entered into a reserve contract and may implement a AEMO Intervention Event by dispatching that reserve contract to maintain the power system in a Reliable operating state during the following period of time;
18:00 to 19:00 hrs 16/03/2023
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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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.

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