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 is a Market Analyst, who joined Global-Roam in June 2013.
He departed (and returned) for a couple of brief stints overseas, before rejoining the team permanently in late 2019. Alongside his work at Global-Roam, he has undertaken short-term contract roles as an analyst and researcher in various areas of the energy sector. Dan graduated from the Master of Sustainable Energy program at the University of Queensland in 2024.
Here’s where to find AEMO’s preliminary report on the loss of SCADA on 22nd April 2023 in Victoria that led to that region being suspended for more than 24 hours.
Load shedding in South Australia on Wednesday 8 February and successive ‘close shaves’ in NSW and Queensland as the heatwave spread north have exposed serious weaknesses in the national electricity market (NEM).
A week ago (Thursday 21st Jan 2021) we received an email from AEMO following the publication of Draft Guidelines for the Wholesale Demand Response Mechanism. We share some thoughts here today.
AEMO also published something else today which (whilst not as publicised as the ESOO) will be of keen interest to many stakeholders in South Australia…
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