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.
The dispatch price in Queensland spiked to $1,500/MWh at 18:25 and again at 22:40 yesterday evening – triggering jitters in some who fear a return to the volatility of summer 2013.
Guest author, Carl Daley from EnergyByte, provides this summary of summer 2024 – covering price volatility, consolidation of the twin peaks dynamic, and BESS performance.
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