Thursday 9th May 2024 – Day #1 under Administered Pricing in NSW
A short record of Thursday evening 9th May 2024, with NSW under Administered Pricing.
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.
A first quick look at bids for NSW participants, including Wednesday 8th May 2024
With questions mounting up (internally and externally) about Wed 8th May 2024 in NSW, we take a quick first look at bids - using the ez2view 'Bids & Offers' widget looking back 30 days...
Thar she blows! NSW hits the CPT and enters Administered Pricing (until Wed 15th May at least) … I think for only the 2nd time ever?
At 19:55 (NEM time) on Wednesday 8th May 2024, the NSW region commenced Administered Pricing for ENERGY and 10 x FCAS commodities, following a rapid spell of spot price volatility.
More considerations, about the possible extension of Eraring Power Station
On Tuesday 30th April 2024 we reported of rumours about possible extension to Eraring Power Stations. In the 8 days that have followed since that update several things have happened. In this article we...
Over 3 hours of price volatility in NSW on Wednesday evening 8th May 2024 … with Cumulative Price rapidly closing in on CPT
Blasting past 3 hours this afternoon/evening (and still counting), the run of spot price volatility in NSW drives the Cumulative Price up towards the CPT. Will it break the cap this evening, or tomorrow?
Afternoon/Evening volatility on the way for NSW on Wednesday 8th May 2024 (and more tomorrow?)
At 14:05 on Wednesday 8th May 2024 it looks like NSW might see more spot price volatility this evening.
Cloud and rain in NSW leads to more elevated prices during the day
Following Wednesday morning’s volatility in NSW (8th May 2024), middle-of-the-day prices have remained somewhat elevated.
More court action about ‘the Brady Report’ for Callide C4
Two news articles in recent days in the Australian (with respect to Federal Court deliberations about Callide C4) prompt this latest article.
Early reflections on the concerns of large energy users, from the 2024 EUAA National Conference
On Wed 1st and Thu 2nd May 2024 I appreciated the opportunity to participate in the EUAA National Conference for 2024. Here's the start of some reflections.
Sunrise volatility in NSW on Wednesday 8th May 2024
Following Tuesday evening's volatility in NSW, the next morning around sunrise saw a second bout of volatility.
~80 minute run on spot price volatility in NSW on Tuesday 7th May 2024
A second article providing some more detail on the spot price volatility in NSW on Tuesday evening 7th May 2024
A brief record of volatility in NSW on Friday 3rd May 2024
A brief, belated record of a brief burst in volatility in NSW on Friday 3rd May 2024
A brief record of volatility in NSW on Thursday 2nd May 2024
A brief, belated record of a brief burst in volatility in NSW on Thursday 2nd May 2024
The Grattan report ‘Keeping the lights on’ is worth a read
Enroute to Melbourne today for the EUAA National Conference starting tomorrow, I grabbed some flight time to have a quick read through the Grattan Institute’s latest offering – a 45-page report appropriately titled ‘Keeping...
The Guardian writes about possible extension to Eraring ‘for as long as four years’
Given that we’ve taken an interest in what’s going to happen with the looming closure of Eraring Power Station, I thought it would be useful to our readers to highlight Peter Hannam’s article in...
Updated trend of ‘ENERGY’ bids in red, green and blue
Last Tuesday 23rd April 2024 I spoke with an audience organised by BofA Securities with respect to ‘Risk, Uncertainty and Volatility in the energy transition’. Here's one illustration of why the spread of spot...
Simshauser/Gilmore Working Paper speaks to challenges for gas-fired firming
A short article this morning to note about a Working Paper from CAEEPR that touches on important (and not well understood?) aspects of this energy transition, as it relates to Firming Capacity requirements.
Brief Case Study of Sunday 4th February 2024, with low IRPM following high Market Demand
A quick look at the low point for NEM-wide IRPM on Sunday evening 4th February 2024.
More unplanned outages than would be desired, at YWPS3, since the Planned Major Outage
Yallourn unit 1 has just come offline for its Major Planned 'performance improvement' outage - but coincident with that, Yallourn unit 3 is suffering from a run of forced outages.
Yallourn unit 1 comes offline for the ‘performance improvement’ planned outage
A short article to mark the start of the long planned outage for Yallourn unit 1, which is aimed (at least in part) at improving the performance of the unit following 2022.