NEM Mainland Frequency drops below the NOFB, on Tuesday 12th November 2024
A quick article recording the drop of NEM Mainland Frequency below the lower bound of the NOFB on Tuesday morning 12th November 2024.
A quick article recording the drop of NEM Mainland Frequency below the lower bound of the NOFB on Tuesday morning 12th November 2024.
Monday evening 11th November 2024 sees volatility return in QLD initially, and soon also in NSW.
As time permits, we’re chipping away at an exploration of the volatility in QLD and NSW on Thursday 7th November 2024. In this article we take another step in understanding the ‘N-MNYS_5_WG_CLOSE ’ constraint set.
There were not as many SMS pings on Friday 8th November 2024 as there were for price alerts the day before, with the only 4 dispatch intervals in QLD and NSW above $1,000/MWh.
Yesterday, amongst the volatility, we also wrote about a ‘Small (NEM Mainland) frequency wobble, on Thursday afternoon 7th November 2024’. As a stepping stone to further analysis, we extracted data from around that time and present the two charts.
We’ve selected three dispatch intervals through the long run of volatility in the QLD and NSW regions on Thursday 7th November 2024 to help illustrate:
1) How the issue of ‘congestion’ or ‘constraints’ in the NEM is so complex;
2) But also why it’s so significant to price and dispatch outcomes.
A quick summary about the presence of constraints limiting the ability of the southern regions to help, via the VIC1-NSW1 interconnector, on Thursday 7th November 2024.
It was a hot and sweaty walk home from the Brisbane office late this afternoon, accompanied by the incessant buzzing of my phone … due to the run of volatility in NSW and QLD we forecast in this morning’s article.
Perhaps contributing to the early start to price volatility in NSW this afternoon was the wobble in system frequency shown here?
An earlier-than-expected spike in spot price in NSW on Thursday afternoon 7th November 2024.
A quick look in the morning of Thursday 7th November 2024 utilizing this collage of 4 different ‘Forecast Convergence’ widgets in ez2view at the 08:35 dispatch interval looking forward to this evening.
Here’s a snapshot of NEMwatch at the 17:50 dispatch interval (NEM time) highlighting evening volatility in the QLD and NSW regions as we pass beyond sunset on this warm-for-November day.
A very short article for Wednesday 6th November 2024, such that we might follow up later, to note the following two wobbles in frequency in the mainland NEM today
A short record of a significant drop of ‘Market Demand’ in South Australia on Tuesday afternoon 5th November 2024 … down 710MW (or 60% of the initial value) in 20 minutes.
In Part 4 of this Case Study (with respect to spot price volatility in South Australia on Monday 23rd September 2024) we take a detailed look at the ‘S_PPT+SNPT+BLVR_220’ Constraint Equation, which was particularly meaningful in terms of dispatch outcomes…
Frank Calabria (CEO of Origin) spoke at a CEDA Lunch in Sydney on Monday 4th November 2024. Here’s what he said.
In Part 3 of this Case Study, we look specifically at the 12 dispatch intervals at the start of the ‘Evening blast of spot price volatility in South Australia on Monday 23rd September 2024’ … roughly 6 weeks ago.
At 08:53 on Monday morning 4th November 2024, AEMO published MN119852 looking forwards to this coming Sunday 10th November 2024 and a (first ever?) forecast MSL2 condition for Victoria.
There was an ‘Evening blast of spot price volatility in South Australia on Monday 23rd September 2024’ … roughly 6 weeks ago. Today, for several reasons, we start to take a closer look.
I’m not sure we’ve ever had an Actual MSL1 event before, so worth a quick note referencing Market Notice MN119760 published at 11:49 noting an Actual MSL1 in Victoria.