Brief burst of volatility in QLD and NSW on Wednesday 17th May 2023

Posted by Paul McArdle Wednesday, May 17 2023 Topic: Autumn 2023 in the NEM

A short article to mark some volatility this evening in Queensland and NSW, as recorded in the SMS alerts for the 17:35, 17:40 and 17:50 dispatch intervals:

2023-05-17-SMSalerts-Prices

Here’s a snapshot from NEMwatch at 18:00 with prices subsided again, but still showing the general market conditions at the time:

2023-05-17-at-18-00-NEMwatch

Even at this time, the colour alert is still showing for the low IRPM for the ‘QLD+NSW Economic Island’ formed by constrained flow on the VIC1-NSW1 interconnector.

Nothing further, at this point.

Tags:

SHARE ON LINKEDIN SHARE ON TWITTER SHARE ON FACEBOOK

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.

Related Articles

Josh Stabler
Tuesday, September 21 2021

The Contagion of Scarcity

Guest author, Josh Stabler of Energy Edge, provides a look into the ‘contagion of scarcity’ events impacting the market since mid-May 2021.

Paul McArdle
Sunday, January 24 2021

Sunday 24th Jan 2021 – a couple discrete incidents

It was forecast it would be a hot day in the southern part of the NEM and it did not disappoint. The hot weather was one of the factors that contributed to price spikes … in Regulation FCAS, and then in QLD and later in South Australia.

4 Trackbacks & Pingbacks

  1. Spot Price volatility in QLD and NSW on Friday 26th May 2023 - WattClarity
  2. Spot volatility again, in QLD and NSW, on Tuesday evening 30th May 2023 - WattClarity
  3. ABC says ‘coldest May minimum temperatures on record’ - WattClarity
  4. Transmission outage of the Dapto -to- Kangaroo Valley transmission link in southern NSW (line 18) ... and spot volatility - WattClarity

Leave a comment

Your email address will not be published.


*