A short note about the AEMC’s draft determination, published today.
administered price cap
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 has ended for FCAS in SA after roughly 12 days.
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.
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 that time.
On Thursday 18th August 2022 the AEMO has released its report into the Market Suspension during June 2022. Will make for interesting reading …
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.
A short article about the rule change proposed by Alinta Energy to raise the APC … quite topical given Q2 2022.
A short note about the end of the Administered Pricing Period (for now?) from 04:05 on Thursday 23rd June 2022.
A short article to follow on from an AEMO announcement at 16:30 today about a possible pathway out of Market 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.
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).
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 of compensation that seemed to be at play for a few days under Administered Price Caps (APC) following Cumulative Price Threshold (CPT) being reached.
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.
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 reached in the Victorian DWGM ……
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.
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 has imposed price caps to prevent retailers from going bust.
Some quick notes about high demand and prices in South Australia again today….
We reported previously that a price cap was invoked in Tasmania on Tuesday 16th June because the Cumulative Price Threshold was reached. In official terminology, this was an Administered Price Period (APP). At 04:00AM this morning, NEMMCO released a market notice advising the market that the APP had been lifted…
Wednesday 28th January saw demand across the NEM jump to unprecedented levels, setting a new record of 34,843MW at 16:00 NEM time. On Thursday 29th January, we saw the demand increase still further, leading to prices that stayed high for much of the day (to the point where the Cumulative Price Threshold was reached in VIC and SA and price caps were imposed), and a relatively small amount of involuntary load shedding occurring in VIC and SA.