Friday evening volatility in the QLD Region (escalated to actual LOR2)
Price volatility has returned to the QLD region on Friday evening 10th June 2022.
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.
Friday (10th June) morning volatility in QLD and NSW
A brief note about this morning's volatility.
Brisbane’s week is ‘Coldest in 118 years’ … what is the outlook for electricity demand?
A news article this morning along the lines of 'coldest in 100 years' jumped out at me.
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
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...
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...
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.