QLD’s morning volatility more extreme on Thursday 9th June
Price volatility in the QLD region rose to another level on Thursday morning, 9th 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.
Queensland spot prices on Wed 8th June 2022 … a (discordant?!) Symphony in 3 Movements
Wednesday 8th June 2022 saw bust-boom-bust supply-demand balance, with yo-yo pricing resulting. Very topical, given discussions in various parts about a capacity market.
NEM-wide ‘Market Demand’ exceeds 32,000MW on Tuesday 7th June 2022 … highest winter peak in many years!
On Tuesday evening (7th June 2022) the NEM exceeded 32,000MW for a brief period of time … we have a quick look at how this stacks up against prior winter period peak demand events.
Evening price volatility on Tuesday 7th June 2022
A quick look at the start of price volatility on Tuesday evening, 7th June 2022
AEMO flags ‘recent challenges with fuel availability with potential ongoing implications for reliability in the NEM this winter’
AEMO Market Notice 96853 raises some questions about the rest of Winter 2022 … but also about the broader energy transition.
Morning dose of volatility in QLD – Tuesday 7th June 2022
A quick look at some of the factors of this morning’s price volatility in the QLD region.
Morning price spike in South Australia on Monday 6th June 2022
A quick look at a price spike at 06:45 on Monday morning 6th June … that has some parallels to yesterday evening.
Quick review of a price spike on Sunday evening 5th June 2022
A short walk through Sunday evening’s ‘out of the blue’ price spike in the South Australian region.
AEMO announces a ‘Protected Event’ for South Australia from 19:15 on Saturday 4th June 2022
At 19:16 on Saturday 4th June 2022 the AEMO announced a ‘Protected Event’ for South Australia, with damaging winds forecast.
Updated long-range trend of monthly wind statistics (maximum, average and minimum) for the end of May 2022
An updated longer-range trend of monthly aggregate wind statistics (MAX, AVE and MIN per month) to 31st May 2022 … incorporating the new all-time record.
Tasmania sees its own spell of volatility on Saturday evening 4th June 2022
A brief look at a period where the TAS region experienced prices up at $15,100/MWh Market Price Cap.
Anatomy of an Energy Crisis, Australian style – part 1
Let’s start with this broader analysis of this 2022 Energy Crisis by looking at the long-term series of monthly average spot prices across all regions…
Volatile prices on Friday evening 3rd June 2022
A short article to document another volatility evening.
AEMO continues to monitor gas supplies – with respect to high demand
With respect to yesterday’s ‘Notification of Potential Gas Supply Shortfall Event’ and this evening’s tight supply-demand balance in the NEM, worth noting this AEMO tweet at 17:50 this evening: … which links to this short update on the AEMO website,…
Very tight supply-demand (NEM wide!) on Thursday 2nd June 2022
NEM-wide IRPM is dropping lower and lower on Thursday 2nd June 2022
First evening price spike above $1,000/MWh – at 16:40 on Thursday evening 2nd June 2022
At 16:40 the price spiked above $1,000/MWh for the first time this evening.
Morning price volatility on Thursday 2nd June 2022
A quick look at this morning’s volatility – and also with respect to coal unit availability prior to the expected tight conditions this evening.
Explaining dispatch (and price setting) regarding Eraring Unit 2 on 30th May 2022
A question on Twitter from Benny Beatts (about dispatch of Origin’s Eraring unit 2 on Monday 30th May) illustrates why price setting is not as simple as adding up bids that are dispatched.
Update to the precarious situation forecast for tomorrow – Thursday 2nd June 2022
There’s been some movement in AEMO’s forecast Lack of Reserve positions for tomorrow (Thu 2nd June 2022) but the outlook still seems to be tight…
NEM-wide IRPM drops below 15% on Wednesday 1st June 2022
Across the NEM, surplus Available Generation is less than 15% more than aggregate Market Demand … a low IRPM.