Apologies in advance to most readers for what will be a somewhat cryptic article that won’t be followed up with more detail.
We’ve been contacted by a client asking about an event in Queensland in mid October 2024 (spanning Wednesday 9th October 2024, Thursday 10th October 2024, Friday 11th October 2024) and it will be easiest for us to post this here and then
Volatility in Contingency Raise
In the following two charts (prepared with the ‘Trends Engine’ within ez2view) we see some volatility in two of the four ‘Contingency Raise’ commodities … firstly Raise 6 second:
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.
Whilst there were many things that went wrong on Tuesday 25th May 2021 (last week), guest author Allan O’Neil highlights that there were at least 4 things that went right – contributing to a much less severe outcome than would otherwise have been the case.
High temperatures passing through NSW provided the opportunity for the Colongra gas-fired power station to shake off the cobwebs and have a run for the day.
Carl Daley of EnergyByte, examines recent energy and gas price volatility, leading to the conclusion that the May to July period in QLD and NSW has been the biggest shock to the spot market in history, and the forward price movements are rivalling the record setting year of 2007.
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