Another short article – this one with a snapshot from NEMwatch at 18:35 on Friday evening 23rd February 2024 (NEM time):
Pay particular attention to the yo-yo pricing. We’ll drill into that later …
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
Paul McArdle Tue 22nd July 2008
Volatility in the market over winter 2007
Our Managing Director spoke at the “Australian Energy & Utility Summit 08” in Sydney on Tuesday 22nd July 2008, touching on issues including the extremes of price volatility that were experienced over winter 2007.
Paul McArdle Mon 13th December 2021
Price volatility in the South Australian region on Monday 13th December 2021
Some price volatility in South Australia on Monday 13th December 2021
Paul McArdle Fri 21st July 2006
Winter 2002 – Generator Market Power
From the start of the NEM through until 2001, the NEM was typified by a pricing dichotomy with sustained rock-bottom pricing in NSW, Snowy and Victoria and high and volatile pricing in the extremities (Queensland and South Australia).
In 2001, the QNI interconnection and many generation projects were developed. This led to the convergence of prices between all regions, and the disappearance of price volatility – circumstances that were a real threat to generator profitability.
In response, generators adopted an approach that came to be known as “the economic withholding of capacity” to engineer volatility into the market throughout winter 2002 – and hence higher prices as a result., and generator behaviour.
Paul McArdle Thu 16th March 2023
Actual LOR2, and a run of volatility in NSW and QLD … only 34 days till the closure of Liddell unit 4
Looks like we’ve (sort of) dodged the Reserve Trader bullet on Thursday evening 16th March 2023 … but still poses plenty of questions.
Be the first to comment on "Yo-yo prices in QLD and NSW on Friday evening 23rd February 2024"