A quick article with a snapshot from NEMwatch for the 18:20 dispatch interval showing the spot price in South Australia at $9,900.91/MWh:
We can also see ‘Market Demand’ well out of the green zone at 2,486MW for the SA region (as it is in QLD, but that happens more regularly due to the flatter shape of demand in QLD).
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Whilst speaking about South Australia it’s worth also noting the challenges of bushfires are also present in the state:
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.
Guest author Allan O’Neil puts together an in-depth explainer about system strength and looks at the current approach to system strength management in South Australia, its impacts and the imminent installation of synchronous condensers on the SA grid.
Another islanding event separated the SA region from the rest of the NEM yesterday (Monday, 2nd of March). Allan O’Neil investigates what happened before the event and possible causes.
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