In the press release, the AEMO cite weather and reduced gas demand as reasons for the underlying change in dynamics:
“Favourable weather conditions toward the end of winter and reduced gas generation demand have allowed Iona to start refilling its storage capacity. Iona inventory is currently sitting at 44% or 10,736 TJ, while Newcastle LNG is currently holding 556 TJ, which is 36% full.”
Coincidentally, Goeff Chambers and Colin Packham published the article ‘Perfect storm’ warning issued to Australia’s east coast energy market last night on The Australian website. It quoted several energy executives who voiced that concerns over gas production and infrastructure still lingered, lamenting that the east coast had “dodged a winter bullet”.
Dan Lee first started at Global-Roam in June 2013. He has departed (and returned) for a couple of stints overseas in that time, but rejoined our team permanently in late 2019.
More recently, Dan's focus has been on growing his understanding of the market and developing his analytical capabilities. He is currently enrolled in the Master of Sustainable Energy program at the University of Queensland.
An article today providing links to the ‘Renewable Integration Study’ which the AEMO released today, and also to the headline media coverage I have seen on my quick scan this morning.
This is the second of a short series of video snippets extracted from the 17th September 2020 presentation by Marcelle Gannon and Jonathon Dyson for the Clean Energy Council entitled ‘Maximising Profitability in the NEM’ for Wind Farms.
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