So I thought I would have a quick look at the time period that Vedran was speaking about in the context of the current week in the Tasmanian region:
The 5-hour period Vedran references is (I believe) the period I’ve highlighted on the longer-term trend from NEMreview. Click on the image to open a larger view. I’ve reversed the ‘normal’ AEMO convention for Basslink such that imports to TAS are positive in this case (coloured them brown because Basslink would often be importing a share of VIC brown coal to TAS in those situations).
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.
A preliminary look at a number of events that happened today, leading to prices spiking to the Market Price Cap in a number of regions, Demand Side Response being very active, and trading desks being very busy.
We reported previously that a price cap was invoked in Tasmania on Tuesday 16th June because the Cumulative Price Threshold was reached. In official terminology, this was an Administered Price Period (APP). At 04:00AM this morning, NEMMCO released a market notice advising the market that the APP had been lifted…
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