Privatising profits whilst socialising costs – part 1 (wholesale)
Some initial thoughts about some of the areas (in the wholesale market) where there's been finger-pointing in different directions about "socialising costs whilst privatising profits"
Articles by Paul McArdle
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.
Volumes and revenues crunched by oversupply
Following the article in the FinReview today about EnergyAustralia...
Negative spot prices in Queensland
Prices dropped below $0 in Queensland this morning - not for the first time in recent days...
What happens if (when?) existing wind farms cross to “the Dark Side”?
A quick look at a price spike that occurred Monday evening (4th August) in South Australia
Queensland gas prices plunge, and generators splurge
This is the lowest I can remember seeing the STTM gas price at the Brisbane hub!
Spot prices back to yesteryear
Spot prices in the doldrums with low demand and high production from wind and gas.
Wind output drops and volatility rises
After spending a day looking into the future (at prospective generation developments) I noted this reverse correlation between wind and volatility that's been occurring over the week.
Morning prices persist in the South as chill remains
Elevated prices persist this morning in Victoria, South Australia and Tasmania
Spot prices back to gory days of 10 years ago on the last hurrah of carbon
Prices plunge on the day the Carbon Tax is repealed
Reduced exports contributed to reduced prices
Reduced export capability over QNI south contributed to the low prices seen last week.
… and what of Generators in Queensland, in particular
A further look at bidding behaviour (this time in Queensland) and the extent to which this is contributing to low prices
Have generators backed carbon out of their bids post 30 June – but prior to the repeal passing?
Have generators already removed the carbon tax from their bids, in July 2014 - and is this the reason why we observed prices plunging on 1st July?
Prices plunge in QLD – because of solar?
Demand plunges in Queensland during the day - dragging prices down with it.
First day without the Carbon Tax here, … maybe?
An interesting half-hour this morning in the NEM
Windy week blows in change in Canberra
With the repeal of the carbon tax looking more likely, and July 1st only just around the corner, someone asked today if we could calculate what the spot price might be without carbon.
Strong winds cool wholesale market pricing
Several windy days raises wind farm outputs to the maximum which (along with other factors) suppress the spot market price
How prices will be set, under the new “Demand Response Mechanism”
Some worked examples of how several forms of Demand Response (including the proposed new Demand Response Mechanism) might impact wholesale prices, and participant positions.
A blue day in Queensland
Hopefully not an omen of what is to come tomorrow night...
Implications for Australia’s NEM of the US Court Decision setting aside FERC Order 745 (about Demand Response)
Some thoughts about the structure of FERC Order 745, and the arguments for & against setting it aside the in the US Court of Appeals - and the relevance for the Australian National Electricity...
Full Disclosure 4 – Demand Response
We play an active role in facilitating the Demand Response of large energy users, such that they can assist in making the electricity market more efficient.