Bizarre pricing continues outside of the QLD region
At 22:40 the price exceeds $10,000/MWh in NSW, VIC and SA ... with QLD 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.
For the 3rd time this evening … QLD at an ‘Actual LOR2’ warning level
Available Generation in QLD has been quite the see-saw following the imposition of Administered Pricing on Sunday evening, 12th June 2022. This is the 3rd occasion this evening we see 'Actual LOR2' warning.
After AP is imposed in QLD, volatility started elsewhere
Volatility has ramped up in NSW, VIC, SA and TAS (particularly SA) with QLD under Administered Pricing.
With reserves in QLD wafer thin, here’s an ez2view of what’s running and what’s not…
Fifth article on Sunday 12th June takes a quick look at what's on (and what's not) in QLD this evening under AP with very tight margins.
Under Administered Pricing = QLD Actual LOR2, very low IRPM, and so Market Direction
Sunday evening 12th June in QLD and it's getting very, very tight...
South Australia spikes, with Heywood unconstrained … with QLD under Administered Pricing
A follow-on from Administered Pricing in QLD is the start of some head-scratching market outcomes ... such as this spike in South Australia.
QLD volatility Sunday evening explodes past the Cumulative Price Threshold (CPT)
A quick article Sunday evening as the Cumulative Price for the QLD region skyrockets ever so close to the Cumulative Price Threshold...
Severe weather in TAS causes disconnects customer load – and coincides with transmission line trips
Recap of some transmission trips overnight in TAS ... coincident with severe weather.
Reviewing the 500MW drop in Available Generation in QLD on Friday evening 10th June 2022
A Saturday afternoon initial review of what's visible in 'Next Day Public' data via ez2view to look at the causes behind the unexpected 500MW drop in Available Generation capacity in the QLD region (which...
Four hours at above $1,000/MWh drives Cumulative Price well above $1,100,000 and close to Cumulative Price Threshold in QLD on Friday evening 10th June 2022
A later article reviewing how Cumulative Price in Queensland has jumped upwards this evening (towards the CPT) as a result of a solid four hours above $1,000/MWh.
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.
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 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.