AEMO announces intention to commence RERT negotiations in QLD–on Saturday 27th January 2024

No sooner had I posted ‘AEMO forecasts impressive evening demand in QLD on Saturday 27th Jan 2024 (middle of a 3-day weekend)’ than my phone starts buzzing with alerts triggered by ez2view:

In particular, MN113841 jumped out at me (published at 11:49)  … with respect to intention to commence negotiations with the RERT Panel for supply in QLD later today (Saturday 27th January 2024):

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

From :              AEMO
To   :              NEMITWEB1
Creation Date :     27/01/2024     11:49:38

——————————————————————-

Notice ID               :         113841
Notice Type ID          :         MARKET INTERVENTION
Notice Type Description :         Reserve Contract / Direction / Instruction
Issue Date              :         27/01/2024
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- 27/01/2024

Refer to AEMO Electricity Market Notice no. 113840.
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 21:00 hrs 27/01/2024
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

——————————————————————-
END OF REPORT
——————————————————————-’

This leads down two trains of thought …

(A)  What will happen this evening (Sat 27th Jan 2024)?

Time will tell what unfolds this evening … we will watch with interest…

(B)  Comparisons with what happened on Mon 22nd Jan 2024?

This reminds me of one of the (many!) questions I’d filed away to explore when time permitted, about all that unfolded on Monday 22nd January 2024 – where (notably) the AEMO did not enter into RERT negotiations (unless I missed something at the time?) … something that had some people asking questions.

1)  We know that there are two coal units that limped through that day to help supply demand – but since then MPP_1 (late Monday 22nd) and TARONG#2 (late Tue 23rd Jan) have both come offline, and are not back yet.

2)  What else was different … and (importantly) forecast to be different, in advance?

Will publish that list of questions at some point …