A short article this morning to record a bout of volatility* in the South Australian region that began at 06:05 and ended with last spike at 08:25 on Wednesday 30th August 2023.
* in this case defining ‘volatility’ as spot prices above $1,000/MWh.
Here’s a snapshot of the initial run of prices captured in SMS alerts triggered by NEMwatch (a function also available in our deSide® and ez2view software):
The highest price in the >2 hour run was (as highlighted) to $12,600.44/MWh for the 06:45 dispatch interval. Here’s the earlier 06:35 price captured in a snapshot from NEMwatch at the time:
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.
Discussion in a number of different places (including an AFR article today) prompted me to pull some data together of how (spot and futures) prices have trended through 2021, and how they changed with the Callide C4 problems.
AEMO also published something else today which (whilst not as publicised as the ESOO) will be of keen interest to many stakeholders in South Australia…
It’s 1st December 2017 – the first day of summer, and also the promised delivery date for the “world’s largest battery”. In this updated post we look at how it’s been operating.
Our Guest Author, Mike Williams, has posted his final piece of an initial series of articles about the opportunities for end users in the mainland regions of the National Electricity Market.
1 Commenton "2+ hour bout of spot price volatility in SA on Wednesday morning 30th August 2023"
Interconnectors seem very constrained. Continuing planned outages on SA transmission lines?