Just like yesterday evening, this post is a short one, mainly for record keeping purposes – as it’s worth noting that spot prices in QLD and NSW climbed above $1,000/MWh late this afternoon.
Between the 17:30 and 18:00 dispatch intervals, prices briefly hovered over this mark. I was notified about this via my configured SMS alarms from ez2view, shown below.
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.
Yesterday evening (Tue 9th June 2020) saw an example of ‘dunkelflaute’ across the NEM. It’s a phenomenon we will see increasingly as the transition progresses, so it’s something we should be seeking to understand, and address, with real world solutions and not rose coloured glasses.
Returning to the theme of analysis of Q2 prices (completed in 2017 and 2016 due to Q2 historically being an uneventful period) we see that prices have backed off from the “off the charts” level of 2017, but are still much higher in all regions than most other regions. In some cases results are second worst in 20 years.
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