Wafer thin margin Friday evening, NEM-wide [caveat = based on generation bid available for NEMDE pricing/dispatch]
A quick snapshot for NEM-wide Instantaneous Reserve Plant Margin down at 3% at 23:45 on Friday evening 17th June 2022.
Articles by Paul McArdle
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
AEMC notice ‘Eligible participants have [until Wednesday 22nd June] to notify the AEMC of their intent to claim compensation’
An updated today from the AEMC about the compensation claims process under APC is worth sharing with Participants who read WattClarity.
Observation 5/22 from GenInsights21 – the rise of ‘Just in Time’
Broader discussions about the ‘2022 Energy Crisis’, and the specific discussion this afternoon for the EUAA Electricity Committee prompted us to publish (in full) Key Observation #5 of 22 of our GenInsights21 report here today.
Trended bidding from BESS discharge (NEM-wide) … highlighting APC and Market Suspension
Someone asked me a question on social media this morning about batteries ‘withdrawing capacity’ … here’s a view of what’s happened using ez2view (and as presented to EUAA).
{Critical Alert} AEMO seeking market response to threat to system security for gas day 16th June
A short note from 16:50 today about the gas market, from the AEMO.
Three coal units have returned … with another one the way
Following Tuesday’s article about 7 coal units due for return to service soon, 3 are back and 1 more on the way.
ASX issues response to AEMO announcement of Market Suspension
Following yesterday’s announcement of Market Suspension by the AEMO, ASX issued this response … but I’ve only had time to copy this in now: ASX Electricity Futures and Options – Response to AEMO announcement Notice reference number: 0649.22.06 Date published: 15/06/22 Effective…
Preparations for Thursday’s discussions with EUAA Electricity Committee … about GenInsights21 and the 2022 Energy Crisis
A short note about the presentation to EUAA Electricity Committee on Thu 16th June 2022 about GenInsights21 … and the ‘2022 Energy Crisis’
ez2view ‘NEM Prices’ widget showing market prices under Market Suspension
A snapshot from the ez2view ‘NEM Prices’ widget recording a (thankfully, and hopefully short-lived) event.
Two articles on LinkedIn that might be useful reading contrasting the two different Compensation Processes (i.e. AEMO Directions and AEMC APC)
Despite it being overtaken by today’s Market Suspension, with its own compensation arrangements – still might be useful for readers to be aware of these two sources of discussion about the two different sources of compensation that seemed to be at play for a few days under Administered Price Caps (APC) following Cumulative Price Threshold (CPT) being reached.
RERT dispatched in QLD – at 18:00 on Wednesday 15th June 2022
RERT (Reserve Trader) dispatched in QLD.
RERT dispatched in NSW – at 17:30 on Wednesday 15th June 2022
RERT (Reserve Trader) dispatched in NSW.
AEMO publishes ‘Declaration of Market Suspension’
AEMO has determined that it is necessary to suspend the spot market in all regions under NER clause 3.14.3(s)3) because it has become impossible to operate the spot market in accordance with the provisions of the Rules.
RERT (Reserve Trader) dispatched in NSW on Tuesday evening 14th June 2022
A short note about RERT being dispatched in NSW on Tuesday evening 14th June.
Third update on Tue 14th June (19:22) – forecast LOR3 for tomorrow (Wed 15th) and Thursday 16th June
Third update for Tuesday 14th June 2022 on the forecasts for LOR3 across the NEM.
RERT (Reserve Trader) in QLD and NSW on Tuesday 14th June 2022
A quick article about reserve trader for Tuesday 14th June 2022.
AER circulates letter to remind generators of compliance obligations
Lynne Gallagher highlighted this reminder sent out to all generators from the AER, and we thought it worthwhile copying over to WattClarity here.
15:20 forecasts for LOR3 (load shedding) across the NEM for today, tomorrow (Wed 15th) and Thursday 16th June
An update on this morning’s forecasts from AEMO, published on WattClarity at ~12:00 Tuesday 14th June
When can we hope to see the return of some of these coal units?
A quick look (for Tue 14th June) of which of the coal units are expected to return to service in the coming week.
11am forecasts for LOR3 (load shedding) across the NEM for Tuesday 14th June 2022
A first look today at what’s forecast for load shedding this evening (some very large numbers for both QLD and NSW).