Friday evening price spike in QLD and NSW – with 300MW demand response in QLD
A short article that might be referred back to later following a spot price spike (in QLD and NSW), and what looks like demand response (in QLD).
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.
AEMC published Draft Rule on Energy Storage Systems
Coincident with the AEMC’s Final Determination yesterday (Thu 15th July) on FFR, there was also the Draft Determination published on Energy Storage Systems. Here are some (very) early thoughts…
AEMC published Final Rule on Fast Frequency Response (FFR)
A quick note following AEMC publication of final determination on Fast Frequency Response (FFR).
Daniel Westerman’s ‘Big Hairy Audacious Goal’ (BHAG) announced on 14th July 2021 – 100% instantaneous by 2025 NEM-wide
A back-dated article looking back at Daniel Westerman’s keynote address at CEDA on 14th July 2021.
NSW morning price spike (14th July 2021) – out of the blue
Some brief notes about a morning price spike today in NSW (Wednesday 14th July 2021).
Callide C3 return to service delayed further – now till Wednesday 21st July 2021
This morning we see that there’s been another slippage of expected return to service for Callide C3 – which will now have been offline over 8 weeks since the explosion at nearby Callide C4.
Spot price up in QLD and NSW, with only 1,532MW of spare capacity Monday evening 12th July
A snapshot of the start of price volatility in QLD and NSW on Monday 12th July 2021.
Spot price volatility on Sunday 11th July 2021 – straight out of Angela Macdonald-Smith’s article!
Straight out of the pages of the FinReview and into spot price outcomes in the NEM on Sunday 11th July 2021!
AEMO rule change proposal – replacement of ST PASA process, and data set
Last week, the AEMO submitted a rule change request to the AEMC for a redevelopment of the ST PASA process (and data sets published – to facilitate what would be a great increase in market transparency).
Victorian spot gas hits $34.84/GJ on 9th July – flowing through to electricity spot prices in mainland regions
Electricity prices are up this morning across the mainland, with one of the main contributors being high spot gas prices.
Callide C4 return to service now not till December 2022
There’s been a 6-month delay in return to service expectation for the damaged Callide C4 unit.
End of the road looming – for Liddell, and also AGL’s Torrens B … and another day delay for Callide C3!
More changes to retirement schedules in the market prompt me to power up the ‘MT PASA DUID Availability’ widget in ez2view once again…
Mainland region price spikes on Tuesday 6th July 2021
A short note about the start of the evening price spikes on Tuesday 6th July 2021 (these are ongoing, at the time this was posted).
Callide C3 return to service delayed another week
An updated look at the ‘MT PASA DUID Availability’ widget in ez2view shows another delay in returning Callide C3 to service.
Spot gas prices hit $20/GJ on Tuesday 6th July
A short record of gas prices being up at $20/GJ and above through a cold spell for winter, with other factors at work.
NEM-wide scheduled demand exceeds 31,000MW and IRPM drops to 11.93% on Monday 5th July 2021
Quick notes about the winter evening peak in demand on Monday 5th July 2021
Price volatility in the QLD region on Saturday 3rd July 2021
A rainy Saturday morning reminds us the price volatility for Q2 in QLD has not totally gone away … with elevated prices for ENERGY and also Contingency FCAS (Raise 6 second and Raise 60 second).
Here’s one reason why the market was blindsided by high average prices in Q2 2021
Here’s one big reason why the high outcome for Q2 time-weighted average spot prices were so far away from the (much lower) expectations in all 4 regions at the start of the quarter.
Yallourn unit 4 back online on Friday 2nd July 2021
On Friday evening (2nd July 2021) Yallourn 4 returned to service
Looking back at a Q2 2021 period that’s been anything but boring
Now making it 5 out of the past 6 years, we return to the analysis of electricity (spot and futures) pricing patterns for Q2 periods across the NEM regions … and also in Western Australia. We see a number of ways in which Q2 2021 was ‘anything but boring’!