Is the price right? A historical exploration into the NEM’s price cap
Dan dives into the history of the NEM’s market cap and explores how high-end prices contribute to regional settlement costs and cap payouts.
administered price cap
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.
AEMC proposes to progressively increase MPC to $22,800/MWh by 1 July 2027 (amongst other changes)
A short note about the AEMC's draft determination, published today.
The Administered Price Cap has increased to $600/MWh as of today 1st December 2022
A rule change increasing the Administered Price Cap from $300/MWh to $600/MWh, submitted by Alinta Energy, has come into effect today.
Administered Pricing ends for FCAS in SA on Saturday 26th November 2022
Administered Pricing has ended for FCAS in SA after roughly 12 days.
Administered Pricing begins for FCAS (Lower Reg) in SA at 12:50 on Monday 14th November 2022
An AEMO market notice published just now has alerted that Adminsited Pricing has been declared for FCAS in SA after the Cumulative Price Threshold for the Lower Reg commodity was hit.
Reliability Panel publishes final report from 2022 Reliability Standard and Settings Review
Another high profile report that's been released this week is today's Reliability Standard and Settings Review (from the Reliability Panel)... flagging some changes to settings from 1st July 2025, and some further changes after...
AEMO releases report on Market Suspension during June 2022
On Thursday 18th August 2022 the AEMO has released its report into the Market Suspension during June 2022. Will make for interesting reading ...
AEMC published update on Compensation Claims under APC
On 4th July the AEMC published their second 'Notice of Receipt of Claims' with respect to compensation under the Administered Pricing period in June 2022.
Alinta Energy submits Rule Change temporarily request to raise the Administered Price Cap (from $300/MWh to $600/MWh)
A short article about the rule change proposed by Alinta Energy to raise the APC ... quite topical given Q2 2022.
Administered Pricing ended at 04:00 on Thursday 23rd June 2022 (and an FCAS price glitch)
A short note about the end of the Administered Pricing Period (for now?) from 04:05 on Thursday 23rd June 2022.
Climbing out of Market Suspension
A short article to follow on from an AEMO announcement at 16:30 today about a possible pathway out of Market Suspension
Stepping to suspension
With all regions of the NEM having been suspended by AEMO on Wednesday 15th June 2022, guest author Allan O'Neil takes an initial look at what's visible in terms of operations in the NEM.
Trended bidding from BESS discharge (NEM-wide) … highlighting APC and Market Suspension
Someone asked me a question on social media this morning about batteries 'withdrawing capacity' ... here's a view of what's happened using ez2view (and as presented to EUAA).
Two articles on LinkedIn that might be useful reading contrasting the two different Compensation Processes (i.e. AEMO Directions and AEMC APC)
Despite it being overtaken by today's Market Suspension, with its own compensation arrangements - still might be useful for readers to be aware of these two sources of discussion about the two different sources...
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.
What would happen if…?
Have already posted a few articles today, but will leave you with a question that one of our readers asked me earlier today… It’s quite a topical question: 1) with the Cumulative Price Threshold...
Administered Pricing reached for Raise 6 second (Contingency) FCAS in Queensland
High Contingency FCAS prices (Raise 6 second) in response to what's happened at Callide Power Station drove the Cumulative Price to (6 times) the Cumulative Price Threshold. Administered Pricing began Saturday evening for QLD.
South Australia hits the Cumulative Price Threshold
For only the 5th time in 11 years of NEM history (and the 3rd time for South Australia) four consecutive days of price spikes have forced the Cumulative Price to the Threshold, and AEMO...
Tight supply-demand balance in SA today!
Some quick notes about high demand and prices in South Australia again today....