Worth a short note to highlight the expectation that the Cumulative Price in NSW will drop back under the Cumulative Price Threshold this evening (Tuesday 14th May 2024) … seven days after the initial bout of evening volatility on Tuesday 7th May 2024 started the climb into Administered Pricing:
Here’s a snapshot at 13:59 today (NEM time) showing where we are currently at, and with the expected trajectory sketched in.
This trend was developed using the ‘Trends Engine’ function within ez2view – but we’ve published as a dashboard so you should be able to log in here and watch what happens…
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.
With GenInsights Quarterly Update for 2023 Q4 completed, and some time till the end of 2024 Q1, we’ve looked back at Tuesday 14th November 2023 (when AEMO had concerns about low System Strength in NSW) and looked at the level of inertia actually seen in the grid. A useful Case Study to say ‘what would have happened without Eraring?’
It’s Friday morning and AEMO has just published a Market Notice to alert the market that RERT was contracted for yesterday evening in NSW (Thu 14th Dec 2023).
Spot prices spiked across mainland regions this evening – firstly at 17:55 (above $1,000/MWh). and then at 18:00 (up towards $15,000/MWh). Here’s a first look.
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