Thursday 9th May 2024 – Day #1 under Administered Pricing in NSW

With NSW under Administered Pricing from 19:55 on Wednesday 8th May 2024, spot prices can’t rise above $600/MWh in the ENERGY (or any FCAS) market in NSW.

As a result, this snapshot from NEMwatch for 19:00 on Thursday 9th May 2024 does not have the same level of eye-candy appeal (or horror, if you’re the one paying the bills – not necessarily the energy user, at least in the short term):

But it is useful for highlighting quite similar conditions as what occurred yesterday evening in NSW … down to also having AEMO declared an ‘Actual LOR1’ condition in Market Notice nnnn as follows:

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MARKET NOTICE
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From :              AEMO
To   :              NEMITWEB1
Creation Date :     09/05/2024     17:13:13

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Notice ID               :         116566
Notice Type ID          :         RESERVE NOTICE
Notice Type Description :         LRC/LOR1/LOR2/LOR3
Issue Date              :         09/05/2024
External Reference      :         Actual Lack Of Reserve Level 1 (LOR1) in the NSW region – 09/05/2024

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Reason :

AEMO ELECTRICITY MARKET NOTICE

Actual Lack Of Reserve Level 1 (LOR1) in the NSW region – 09/05/2024

An Actual LOR1 condition has been declared under clause 4.8.4(b) of the National Electricity Rules for the NSW region from 1700 hrs.
The Actual LOR1 condition is forecast to exist until 1900 hrs.

The capacity reserve requirement is 1450 MW
The minimum capacity reserve available is 964 MW

Manager NEM Real Time Operations

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END OF REPORT
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The snapshot at 19:00 above should show the tail end of this.

Nothing more, at this point…